It is unfortunate that most Americans will not know or care about this issue until Trump persuades the Supreme Court to abolish agency independence, gains absolute power over the Federal Reserve, and crashes the economy. But that’s the direction in which we are ineluctably heading. - ThreadSky

mjsdc.bsky.social • 57 days ago

It is unfortunate that most Americans will not know or care about this issue until Trump persuades the Supreme Court to abolish agency independence, gains absolute power over the Federal Reserve, and crashes the economy. But that’s the direction in which we are ineluctably heading.

Reposted from Kyle Cheney

NEW: A split appeals court just cleared the way for Trump to fire members of boards once designed to be independent presidential control. It's a win for Trump's bid to consolidate authority over all facets of the executive branch.

w/ @joshgerstein.bsky.social

www.politico.com/news/2025/03...

Comments

pineconecowgirl.bsky.social•56 days ago

And yet I keep hearing from very serious people that the courts will save us

sminchicago.bsky.social•53 days ago

If most Americans will not know or care about this issue, it’s a failure of the Democratic Party (& their pundits/surrogates).

The GOP has long ago perfected the art of TELLING Americans what to pay attention to, what to ignore, & what’s “important” (see Hunter Biden).

WHEN will Democrats learn?!

sminchicago.bsky.social•53 days ago

I love your use of the word “persuade” … as if Trump’s masterful powers of persuasion actually work on the well-educated.

Has no one fully investigated the GOP/SCOTUS financial ties - beyond the outrageous stuff we already know?

Between $$ & compromising material, this SC is owned.

msderohanes.bsky.social•55 days ago

In a break with Supreme Court precedent apparently.
https://bsky.app/profile/joshtpm.bsky.social/post/3lli65nld4k2s

earthwarrior72.bsky.social•56 days ago

Spot on Mark.

diabol.bsky.social•56 days ago

Shitty shitty bang bang.

buttfayce.bsky.social•56 days ago

It’s unfortunate that the Democratic leadership is waiting till the Supreme Court rules on Trump’s lawlessness before they actually take any actions against it….btw, by that time, he’s already consolidated power. 🤦‍♂️🤦‍♂️ h/t @majorityreport.bsky.social for pointing that out

trojan73.bsky.social•56 days ago

Fuck that bullshit !

Stop blaming Dems . All the stupid voters voted them out of power..remember ?

Ya'll just gonna have to eat Trump's shit sandwich now .

buttfayce.bsky.social•56 days ago

What did chuck schumer say on tv last week?? 🤷‍♂️

jim.chat•56 days ago

ngl, ineluctable is a new word on me. depressingly perfect in the circs tho.

rigor-motorist.bsky.social•56 days ago

This also has the potential to mean the end of independent elections. FEC is ...was one of these independent agencies.

kbkev.bsky.social•56 days ago

As soon as he takes control of fed interest rates, the dollar will collapse. Global markets can't have faith in USD under those circumstances.

jaystu.bsky.social•56 days ago

pqpolitics.bsky.social•56 days ago

Too bad the dems & media don't do visuals on how far US is on the path to full fascist dictatorship.

Have multiple levels

Show how Trump's actions move USA closer to that

And how it will affect them personally with specific examples in plain English vs dem speak

mpinga.bsky.social•57 days ago

Can they ask for en banc, or dies this go straight to SCOTUS?

ktrott.bsky.social•56 days ago

He is already doing a pretty good job of crashing the economy. I can't imagine how bad it will get if he gains control of the Federal Reserve.

cminga.bsky.social•56 days ago

Wow, Trump’s already 95% guaranteeing a recession just with his feckless tariff talk and indecisive incompetence. I can’t imagine him also destroying the federal reserve bank. Good news for Europe for making the Euro the strongest most tradable international currency.

anerdylawyer.bsky.social•57 days ago

The democrats should be laying this at the feet of all republicans. Yes Trump is doing it but if a non-trivial number of republicans ringing alarm bells alongside republicans the media and public would probably recognize the desperate position we are in.

aercolini.bsky.social•56 days ago

They brought it on themselves.

maryjanelane.leftis.best•56 days ago

The man sent people to gulags ffs... not convicted criminals, PEOPLE. Teenagers, women Americans... students are being kidnapped & campuses are helping him!

lorenabobbitttime.bsky.social•56 days ago

Kkkristiankkkunt traitor Amerikkka. Land of the proudly uneducated Turd Reich troglodyte and the greedy sycophant.

oldsalt946.bsky.social•57 days ago

Don't forget, Mark, he also wants absolute power over Congress and the judiciary.

heidiotoo.bsky.social•56 days ago

"It's just not sexy news!"

erikgunderson.bsky.social•57 days ago

it's Humphrey's Fucking Executor

blueskyfire.bsky.social•56 days ago

Congress and the judiciary need to act NOW to severely limit the office of the president.

Musk has his chainsaw ready to cut off their branch.

This is about preserving their jobs and not letting a bully get past a two on one situation unscathed.

johneola2.bsky.social•57 days ago

“Federal Reserve? We don’t need no stinking Federal Reserve. We’ve got Trump Coin.”

kmkraus.bsky.social•57 days ago

Will this decision be appealed?

mad-catter-chatter.bsky.social•56 days ago

It will make its way to the Supreme Court for sure. We will have to see whether SCOTUS will continue to feed the TrumPutinCo monster to their own detriment.

chitobandito.bsky.social•56 days ago

If DJT gets control of the Fed Reserve, he will lower interest rates for a short term boost to the markets, even though it will cause hyper-inflation, dollar devaluation, runaway deficit, and a crash. Billionaires will be fine, while mom & pop retirement savings and pension will become worthless.

jaredjknight.bsky.social•56 days ago

Not happening. Hes not getting control of the fed. I'll take out my Republicans in Colorado. They'll have to hide.

elpoeta.bsky.social•56 days ago

Powell’s term ends 2026. The fed is lost.

mad-catter-chatter.bsky.social•56 days ago

You might start letting them know EARLY before he does! And encourage your neighbors who care - to do so as well. Having empty town halls - where the cowardly Reps & Senators are absent - but people can share concerns & ideas are a great way to organize!

antonshadow.bsky.social•57 days ago

Split Ruling, When It Specifically Says INDEPENDENTLY OPERATED Write In The Legislation... Seems A Couple Judges Can't Read English...

seanc2.bsky.social•56 days ago

Those judges don't think that law is constitutional.

antonshadow.bsky.social•56 days ago

They Don't Have Jurisdiction To Rule On The Constitutional Nature, The Court Is Limited To The Challenge Being Made. If Someone Wants To File A Law Challenge, It Literally Has To Be On Those Merits.

harrymeanwell4.bsky.social•56 days ago

Any faith Roberts awakens?
Barrett too?
Side with Sotomayor, Kagan, Jackson

spacely.bsky.social•56 days ago

So how do I put my IRA money market funds in a more stable currency -- say, the Argentine peso?

yutikalcimite.bsky.social•56 days ago

Democrats should be dreaming up all the ways an unbridled executive can enact progressive change through Project 2028. Could be that Republicans rue the day when they got rid of judicial review and congressional ability to reign in the executive. Nothing conservative here.

trojan73.bsky.social•56 days ago

Leave Dems out of this . This is white Republican bullshit .

yutikalcimite.bsky.social•56 days ago

I suspect that the Supreme Court rightwing will find a way to disallow any agency independence for agencies they don't like BUT STILL find a way to allow federal reserve agency independence. Those originalist/textualists sure are *creative* in their originatexualisssmmmm

swgeneralmills.bsky.social•56 days ago

Bankruptcy King

lostcausenation.bsky.social•56 days ago

When it happens, it will be what we deserve because it’s what the voters wanted.

jawhite.bsky.social•56 days ago

Dunno. To paraphrase Monty Python, the 6 on the Court may be rightwing kooks, but at least some of them are not stupid. They’ve never let consistency get in the way of the results they want. At least 2 of the six don’t want Trump crashing the economy by having his toady take directions at the Fed.

davidjorgonson.bsky.social•57 days ago

Trump would lower rates and increase inflation, if he controlled the Fed directly. If he causes a recession it'll be by other means.

segyges.bsky.social•56 days ago

i suspect you can in fact cause a recession just by moving rates around based on what a person with dementia thinks is a good idea that week

davidjorgonson.bsky.social•56 days ago

You can definitely cause a recession by raising rates - Volker did in 1981 - but Trump has consistently wanted to lower them. Pretty standard views for a real estate guy

segyges.bsky.social•56 days ago

i would not expect him to remain steady about this for a long period. i would also not expect him to move rates predictably enough to keep the bond market from going nuts

davidjorgonson.bsky.social•56 days ago

I think it would look like the Erdogan inflation, but stupider

kbkev.bsky.social•56 days ago

All he has to do is remove the fed independence, putting interestrates under political control. The markets will abandon the dollar.

davidjorgonson.bsky.social•56 days ago

A drop in the dollar relative to other currencies is also inflationary.
It might reduce trade deficits, another consistent Trump obsession

erichluepke.bsky.social•56 days ago

God the inflation is going to be SO BAD if he gets control. People will be like I WANT BIDEN INFLATION BACK

jeffmcmahon.bsky.social•56 days ago

That would be the trade wars, etc.

fullerick.bsky.social•56 days ago

Who said: I will not bare my soul to their shallow prying eyes. My heart shall never be put under their microscope.

Stop the steal, it’s all about control! Be fierce. Be free!

alal1.bsky.social•56 days ago

There’s a strong demand for wheelbarrows to replace wallets.

hopelessinamerica.bsky.social•56 days ago

Hasn’t he already shown us he can fire anyone he wants. Not real news here

kentallardjr.bsky.social•57 days ago

As said already, he wouldn't crash the economy: He'd drive down interest rates, give the economy a huge boost, and generate huge inflation. THEN the next president would have to crash the economy to get inflation under control.

trojan73.bsky.social•56 days ago

In other words...crash the economy .

churlytemple.bsky.social•56 days ago

He's absolutely going to take over the Fed and drop interest rates down to 0%

oldunreliable.bsky.social•57 days ago

Most Americans seem to be ok with an authoritarian government.

riphotosurvey.bsky.social•56 days ago

Do they?

eileenleft.bsky.social•56 days ago

Far too many.

norkre.bsky.social•56 days ago

That is what we think in Europe

drmkb.bsky.social•57 days ago

Not this one.

apearson.bsky.social•56 days ago

No.

mad-catter-chatter.bsky.social•56 days ago

That is what the mainstream Corporate media wants you to think. This is ABSOLUTELY NOT true. If you mean most idiots - then you are right. But I would say the majority of the idiots didn't vote for either party.

jeffmcmahon.bsky.social•56 days ago

Most Americans can’t tell their elbow from a hole in the ground.

vickyschauer.bsky.social•56 days ago

I’m thinking they are raiding fort kno and all other US resources to convert into crypto because of some “national emergency” and steal every penny….oh wait, they got rid of those, too. It’s all falling into place.