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How is this any different than what Turkey did?
On one hand, Jerome is based for preventing inflation. On the other hand, since I hold Bitcoin, I benefit from high inflation. Therefore, he should reduce the rates to zero. Nocoiners get rekt.
>>60565184 (OP)Did turkey illegally spend over $2 billion while lying to congress too?
>>60565184 (OP)It's funny how the never ever question the system per se.
Why should a sovereign country be paying interest over their own sovereign money emission?
paying interest is also money printing right?
>>60565208They print money to pay for interest anyway. The rates themselves are irrelevant. Low interest and high interest is the same difference as sucking cock or taking cock the ass.
>>60565205Careful, that's the kind of question that puts you on a 'list' in this totally free country
>>60565184 (OP)Trump might actually be right here.
>Keeping rates high just makes interest on the debt harder to pay, end up having to print anyway>Other countries have already drastically slashed rates, and aren't hyperinflating>Swiss franc is worth more than USD despite having the lowest rates on the list
>>60565184 (OP)Trump is right. AGAIN. But that's ok. Powell can do a little more political grandstanding knowing his time is almost up.
>Jerome is based for preventing inflation
kek
How is Europe able to keep such low rates and not experience out of control inflation??
>>60567584Because Europe (Germany) is in a recession retard
The ECB cutting rates makes sense, the FED cutting rates doesn't
>>60567584It's all derivative of the reserve currency, eu can cut to nothing because the usd isn't currently exporting inflation