Presidential Candidates, The Fed, And Status Quo
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By Susan Boskey
The battle for President of the United States between Hillary Clinton and Donald Trump rages on towards the finish line, nasty as ever. Despite blinding differences, they each seem to rely on a historically-authoritarian style of delivery (based on dualistic thinking) to underscore their obvious superiority over the other: Insider/outsider, right/wrong, good/bad, black/white, smart/stupid, experience/no experience, etc. But does Nero fiddle while Rome burns? Methinks yes. Like an unattended, festering wound, deeper causation of a messed-up world undermines the lives of everyday people both left and right.
“Church of the Sacred Fed”
A September 2016 Truthout article by Dean Baker, “Hillary Clinton and the Church of the Sacred Fed,” only confirms the ongoing reluctance to tackle the larger issue of a broken monetary system. Mr. Baker shares the disparate views of the candidates to launch his description of the Fed’s inner workings via funny religious metaphors such as Robert Rubin’s “doctrine of the sacred Fed” and the “anointed” referring to members of the Federal Reserve Board.
Hillary Clinton is said to have “denounced” Donald Trump for his comments calling on the Federal Reserve Board to raise interest rates. Apparently, however, this was not her real reason for denouncing him. Her real reason was:
“You should not be commenting on Fed actions when you are either running for president or you are president.”
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