Liberal YouTubers

TexasTowelie

(127,759 posts) Tue Apr 21, 2026, 12:53 PM 13 hrs ago

Senator Warnock Straightens Out Trump's Fed Chair Nominee Kevin Warsh On America's Failing Economy - Reflect Politics

Senator Raphael Warnock grills Trump’s Federal Reserve Chair nominee Kevin Warsh in a tense exchange over the state of the economy, his independence, and whether he can truly lead without political influence.

1 replies

= new reply since forum marked as read

Highlight:

Senator Warnock Straightens Out Trump's Fed Chair Nominee Kevin Warsh On America's Failing Economy - Reflect Politics (Original Post) TexasTowelie 13 hrs ago OP

Warsh is tasked with hiding 39 Trillion in government debt bucolic_frolic 13 hrs ago #1

bucolic_frolic

(55,454 posts)

1. Warsh is tasked with hiding 39 Trillion in government debt

Reply to TexasTowelie (Original post)

Tue Apr 21, 2026, 01:21 PM

13 hrs ago

and protecting CryptoBros. Stablecoins is now backed by US Treasuries. Everything that's backed by nothing is propped up by something else that has no backing, other than Fed purchases. Since Nixon ended gold backing the US Dollar in 1971, the Fed has bailed out everything. Only Volcker defended the dollar with high interest rates. S&L Crisis? Liquidity. 1987 market crash. Liquidity. Dot com bubble crash 2001-2002. Liquidity with low interest rates. Housing bubble burst. Liquidity with QE 1-2-3 and Twist. Covid. Liquidity, with Congress on board. War, tax cuts. Liquidity and crypto. Crypto is where they're hiding the current printing. The dollar has lost purchasing power all along the way. The $30,000 house from 1972 is now $400,000, the $2400 car is $35,000. See a pattern?

Gee, I almost forgot.

https://history.state.gov/milestones/1969-1976/nixon-shock

Reply to this discussion