President Trump said he is "Open to breaking up big banks"

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   colorfuloneposted 7 years ago

   About an hour or more before Trump said that yesterday, Steve Mnuchin said, "Thank me" for the recent rise in bank stocks.  Then, bank stocks began to rise more.
   
   I don't think Steve Mnuchin is one of the good guys.  He would be the one who is manipulating the market right now as the US Treasury Secretary.
   
   Anyway...., after President Trump said that he was 'open to breaking up big banks', JP Morgan's stocks dropped hard. 
   
   JPM Graph shown:  http://www.zerohedge.com/news/2017-05-0 … -break-ups
   
   Do you think Trump is preparing to take down Wall Street and the Federal Reserve?  That is a very strong thing to say, and tells me that Trump is on the side of the good guys. 
   
   Its a great time to invest in precious metals!

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      Castlepalomaposted 7 years agoin reply to this

      Hardware and mentals are the savoir for many, never a federal politician.

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         colorfuloneposted 7 years agoin reply to this

         I cannot argue with that, and would add much more to your list starting with water and food...
         
         No politician is our savior, but I'm trusting in President Trump because he talks about the bubbles that are everywhere just waiting to pop.  Just maybe, and I think he is trying to help make them bubbles bigger so they will pop.  Some economic bubbles have already popped.

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      wildernessposted 7 years agoin reply to this

      I don't think Trump can "take down Wall Street and the Federal Reserve".  To think he can is to think he can make Mexico pay for the wall or some of his other far out plans.  He is not God, or even King.

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         Castlepalomaposted 7 years agoin reply to this

         What ever Trump will do, the world is ready to bring it on in everyway. Trump won't last out the world.  Trump could not even out last me in my heart desires.

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            wildernessposted 7 years agoin reply to this

            As the earth will last at least until the sun becomes a red giant and engulfs it, I doubt that Trump will outlast the world.

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         colorfuloneposted 7 years agoin reply to this

         President Trump is not God or a King? 
         Oh, you burst those bubbles!  wink, wink
         
         Trump was answering a question asked by a reporter to the effect that 'Do you think it was prudent to have elemental the Glass Steagall Act."   And, I think Trump was being asked if he would favor the return of the Glass Steagall Act.  It was to that line of questioning that Trump suggested he might be in favor of breaking up the big banks. 
         
         I'm thinking that was like a 'tip of the hat'.  Because. I think Trump knows the banks have heavy hands in the markets and they are being used as players to create premeditated outcomes on a macro level in markets. And, I believe Trump is truly against that and knows (I think) that the dollar is in danger of losing its grasp as the world trade reserve currency...that has already begun.

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            Castlepalomaposted 7 years agoin reply to this

            I wish there was a real Thor, to knock the crap out these dangerous politicians.

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               colorfuloneposted 7 years agoin reply to this

               It will most likely all come down to Congress. Will they say yes or no to bailing out the banks?  First of all Congress would have to bailout the bank derivatives, and that is hundreds of trillions.  I wonder if there is one person in the USA that will say, yes, let's bailout the banks (so they can get their hundred dollars in the bank that is worth nothing). 
               
               They gotta let the system correct, they should have done that in 2008 and we wouldn't be in this problem now. We would have had a new monetary system and we would have no debt, because when a monetary system crashes: the debt crashes with it. The monetary assets crash with the banks, but the debt goes away too.
               
               The problem with the world today is massive amounts of debt on every level. Unpayable debt, all going to the banks that create the money out of thin air.  Example:  Money is created when you take out a loan for a house and the bank gives you ten times what the have in their coffers.

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