Reality check: if Trump does somehow find a way to fire Fed Chairman Powell, would it really cause "a stock market crash and an inflation spike"?

Photo above - illegal alien is arrested by masked ICE agents after warning that America's deficit spending is unsustainable, and we are on a path to ruin . . .

Full disclosure – I think Jerome Powell is an idiot, but I don’t believe President Trump has any (legal) way to fire him. If there was, the fed chairman would be gone already.

That said, big international bankers are coordinating a drumbeat of “we’re all gonna die” if Powell is removed. (See link below).

This entire premise rests on the theory that when Powell tripled interest rates, he “saved” America from inflation. If you exclude homes, cars, property insurance, electricity, and gasoline from your inflation calculation. Yeah – that’s over half my own monthly expenses too. If you stop counting THOSE, then inflation might be nearly on target.

Of course, the spike to double digit inflation a couple of years ago was almost entirely the result of pandemic shutdowns. Shutdowns caused a shortage of food and merchandise, and interrupted global supply chains. And then congress passed out trillions in stimulus to intensify our agony. Do I need to include links to all the fraud and corruption involved in pandemic stimulus? Rappers buying Maserati’s? Ski condos in Vail? Grants to restaurants that never existed? You can google those for yourself in case you slept through the past 5 years.

So the culprit (the trigger of inflation) involves (a) politicians telling people to stay home and stop working, and then (b) politicians greenlighting trillions in deficit spending. Note that neither of these events were caused by any Fed Chairman, living or dead.

In fact Powell gets kudos for occasionally for issuing a press release reminding us that the national debt is an unsustainable time bomb. And for good reason. President Trump’s big ugly bill is going to increase the national debt MORE than anything Biden did during his own turn mismanaging the economy.

Some MAGA/right wing podcaster broke ranks with Trump last week, moaning: I voted for Trump, but I didn’t vote for any of this. He was supposed to end America’s involvement in foreign wars and cut the budget deficit. But he's making them worse than ever.

Yeah . . . and this same podcaster probably believed Trump would build a wall in 2016, and make Mexico pay for it. And that Obamacare would insure everyone for every disease, and balance the budget with magical healthcare savings coming out the back end. And Biden’s promise to create a zero emissions America through government handouts for electric cars, solar companies, wind turbine farmers, lithium miners, etc.

Anyone who believed any of this BS is too dumb to be allowed to have a podcast. And we’re probably just as dumb for paying attention to the podcasters and politicians. They’re mostly morons and liars.

I’m just sayin’ . . .

MSN