Meet the New Boss Same as the Old Boss
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By Susan Boskey
Sorry to have to break it to you. The truth is that President-elect Donald Trump is not anti-establishment. Certainly he is the opposite to Hillary Clinton in many ways; he will bring different policies to the country and a new look to the White House. Yet these two are only opposite in the same way day is different from night. Day and night together make up one 24-hour cycle of a calendar day. Similarly, Donald Trump and Hillary Clinton together comprised the whole of the 2016 presidential election.
What I’m trying to say is that, all things considered, these two are just two sides of the very same nothing-really-new coin. How could I imagine such a thing? To date, Hillary Clinton and now president-elect Donald Trump have both shown they are beholden to the Federal Reserve Banking System – the root cause of all things financial in the United States. I concur with what Nassim Nicholas Taleb, philosopher and author of the book, The Black Swan, once said,
What we need to do is break the financial community’s grip on society.
In all probability, a Donald Trump presidency won’t break that grip. Certainly a Clinton presidency would perish the thought. The Office of the President intersects with, but does not have final authority over, Fed monetary decisions or policies. Yes, a president can elect new members to the Federal Reserve Board of Governors and also the chairperson and vice-chairperson for a new term. And yes, these elections give a president potential influence over the direction of monetary policy, but that’s it.
I like to use the analogy of nesting dolls to further illustrate my view. When considering the man-made systems of the world (scientific, political, educational, monetary, health, etc.) as nesting dolls, the largest/outside doll would represent the monetary system. The political system then fits neatly inside it as the 2nd largest, 2nd most powerful, and so forth. As such, the monetary system asserts an overriding impact on each and all other man-made systems.
In 2007 we learned something about the Fed from Fed Chairman Alan Greenspan.
The Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take.
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