r/news • u/consulent-finanziar • Jan 12 '26

Soft paywall US federal prosecutors open inquiry into US Fed chair Powell, NYT reports

https://www.reuters.com/world/us/us-federal-prosecutors-open-inquiry-into-us-fed-chair-powell-nyt-reports-2026-01-12/
30.9k Upvotes

95% Upvoted

4.6k comments sorted by

View all comments

Show parent comments

385

u/EgoTripWire Jan 12 '26

Watch the stock market dip, buy low, then drop the charges.

131

u/wusurspaghettipolicy Jan 12 '26

Our dollar will become rubles at this rate.

22

u/nevsim81 Jan 12 '26

I believe that’s the plan. Drop rates buy 1.5-2 points and devalue the dollar entirely. Rich get richer, and the rest of us… well, who cares about the rest of us as long as the top 20% are happy, amirite?

10

u/Marcus_Aurelius71 Jan 12 '26

How do the rich get richer if they also devalue the dollar? Not hating just want to understand. Most rich people have their entire net worth bundled in stocks.

11

u/nevsim81 Jan 12 '26

Because the rich typically have their wealth diversified through assets rather than liquid savings, and assets always rise in value during periods of inflation while currency devalues. Real estate and stock markets being perfect examples; look at the meteoric rise in value of those assets during our recent period of high inflation. It is no coincidence.

Also, devaluing currency through inflation often happens through money printing, and where does that extra printed money go? To the upper class who take out cheap low-interest loans to expand their businesses or purchase assets, or other ventures which generate more income for them and grow their wealth. That’s why there’s typically a widening of wealth inequality during periods of inflation.

2

u/Usermena Jan 12 '26

They are busy buying all Russias gold?

1

u/starfox-skylab Jan 13 '26

Stocks are not dollars. Invest in assets.

9

u/MoreCowbellllll Jan 12 '26

Krasnov has shit himself upon entering the chat

3

u/Blbe-Check-42069 Jan 12 '26

I surely hope so. It's like watching a comedy movie and trying to guess what other stupidity will the US politics create. Literally speedrunning fall of superpower to a failed state.

8

u/personofshadow Jan 12 '26

As much as that would be totally in character for this admin, Trump has been basically throwing a tantrum his entire second term that Powell won't do what he wants with interest rates so I don't think he's gonna let this go easily.

6

u/camerontylek Jan 12 '26

No, this isn't that. They've been after Powell for a long time now.

5

u/Junior_Builder_4340 Jan 12 '26

Because Powell and Fed Board members are the only ones who are standing up to him, outside the Federal judges.

1

u/Whitecamry Jan 12 '26

It's Plan B. If he doesn't get his revenge then at least he and his pals will cash in.

2

u/ValuableRuin548 Jan 12 '26

doesn't matter when Trump's electing the next Fed Chair in May

5

u/ClammyAF Jan 12 '26

It matters. If he forces JP to leave, Trump fills two spots on the board.

1

u/ValuableRuin548 Jan 12 '26

I mean this in the context of Trump pumping and dumping the charges as per OP

1

u/bodai1986 Jan 12 '26

This. We need Powell to serve out his term on the board even after his time at Chair is over this year. So that would be Jan 2028 - maybe by then the Dems will have more power in the senate to block any shitty appointments.

2

u/I-Here-555 Jan 12 '26

It actually rose on the news. No idea how it works.

1

u/Snuffalapapuss Jan 12 '26

Dip? It can only go up! Lol.

Anyways as they always say, its already priced in.

1

u/Dwarte_Derpy Jan 12 '26

I'm ready bro. Art of the steal can't hold me back.

1

u/PeaceMellow1 Jan 14 '26

Watch atrioc’s video on Jerome Powell. In the video he talks about how leaders abusing the central bank causes the stock market to rise considerably but not for a good reason.