Former New York Fed President Dudley Wants Fed To Overthrow Trump
Aug. 28, 2019 (EIRNS)—First, recall that the House of Lords issued a report warning that President Donald Trump must not be allowed a second term, or the British Empire’s control over the dumb giant United States would be lost.
Next, note that the former head of the New York Fed, Bill Dudley (president from 2009-2018), on Aug. 27 published an opinion piece on Bloomberg under the title: “The Fed Shouldn’t Enable Donald Trump—The central bank should refuse to play along with an economic disaster in the making.”
Dudley leaves nothing to the imagination—it’s either the elected President or us guys who run Wall Street on behalf of the City of London. The current crisis in the Western financial system, says Dudley, has nothing to do with the quadrillion-dollar-plus in worthless derivatives and related leveraged debt now draining productive credit out of the system and ready to explode—oh, no, it is “President Donald Trump’s trade war with China,” he claims, which “keeps undermining the confidence of businesses and consumers, worsening the economic outlook. This manufactured disaster-in-the-making presents the Federal Reserve with a dilemma: Should it mitigate the damage by providing offsetting stimulus, or refuse to play along?”
Dudley does not hide his answer:
“I understand and support Fed officials’ desire to remain apolitical. But Trump’s ongoing attacks on [Fed Chairman] Powell and on the institution have made that untenable. Central bank officials face a choice: enable the Trump Administration to continue down a disastrous path of trade war escalation, or send a clear signal that if the administration does so, the President, not the Fed, will bear the risks including the risk of losing the next election.”
Nor does Dudley hide his British-like assertion that the Fed has the right and the power to interfere in the election to bring Trump down: “There’s even an argument that the election itself falls within the Fed’s purview. After all, Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives. If the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020.”
There you have it—the London and Wall Street bankers must make public what has only been covert up until now: a treasonous intent to control the government on behalf of the Lords in London.