December 7, 2019

Former Federal Reserve Official William Dudley Wants the Fed to Start a Recession to Hurt Trump in 2020

The headquarters of the Federal Reserve building is located in Washington, D.C.

On August 27, 2019, William Dudley, a member of the Council on Foreign Relations, member of the Board of Directors of the Bank for International Settlements (BIS), and the Committee on the Global Financial System, and who served as president of the Federal Reserve Bank of New York and Vice-Chairman of the Fed’s Open Market Committee, wrote an op-ed article on Bloomberg. Dudley is a Deep State/Shadow Government operative who hates President Donald Trump and would like him to lose in 2020. He is a graduate of the University of California at Berkeley. Dudley worked for the most globalists New World Order bank in the world, Goldman Sachs, for more than 20 years.

William C. Dudley.jpg

William C. Dudley was born in 1953. He is an American economist who served as the president of Federal Reserve Bank of New York from 2009 to 2018 and as Vice-Chairman of the Federal Open Market Committee. He was appointed to the position on January 27, 2009, following the confirmation of his predecessor, Timothy F. Gaithner, as Secretary of the Treasury.

The globalist of the New World Order William Dudley wrote that the Federal Reserve should work against the agenda of President Donald J. Trump to prevent his re-election in 2020. Now the bias of the Fed has finally and permanently been exposed for all to see.

Bob Adelman wrote the following: “Thanks to Dudley’s forthright op-ed at Bloomberg on August 27, 2019 that the veil has been lifted, and many insiders aren’t happy about it. It seems that he has unwittingly exposed the pervasive and carefully crafted myth that the Fed is “objective,” “unbiased,” “neutral,” and removed from all political considerations in conducting its policies. Those policies have been sold as guiding the U.S. economy on paths of low inflation (even as the bank itself is the engine of inflation) and full employment, and nothing more.”

William Dudley wrote the following: “Fed officials should state explicitly that the central bank won’t bail out an administration that keeps making bad choices on trade policy, making it abundantly clear that Trump will own the consequences of his actions.”

Dudley explained how the Fed could derail the President Trump’s strategy in dealing with the communist regime in China:

“First, it would discourage further escalation of the trade way, by increasing costs to the Trump administration.

Second, it would reassert the Fed’s independence by distancing itself from the administration’s policies.

Third, it would conserve much-needed ammunition [lower interest rates in the future to restimulate an economy in recession], allowing the Fed to avoid further interest-rate cuts at a time when rates are already very low.”

It is clear from Dudley’s op-ed that he is very upset with President Trump’s audacity to criticize repeatedly the actions of the Fed and its Chairman Jerome Powell. Other presidents have studiously avoided any public appearance of pressuring the Fed, but not President Donald J. Trump.

William Dudley wrote the following; “I understand and support Fed officials’ desire to remain apolitical. But Trump’s on going attacks on Fed Chairman Jerome Powell and on the institution have made that untenable….There’s … an argument that the election itself falls within the Fed’s purview. After all, Trump’s re-election arguably presents a threat to the U.S. and the global economy.”

What did the globalist Dudley mean regarding the “threat to the global economy” by President Trump? This is the global economy run by globalist bankers and others globalists of the New World Order and Deep State/Shadow Government operatives for which Dudley and his globalist banker’s friends have been working their entire lives.

President Trump is a threat to that global economy by declaring America’s independence and sovereignty and being a nationalist America First President. Thus, Dudley wants Trump removed from office in 2020. Dudley’s method is tampering with interest rates — keeping them high in a world, where many nations are implementing lower and lower interest rates, in the hopes that it will derail the U.S. economy and weaken President Trump’s hand in dealing with communist China. Dudley could not care if an economic recession will hurt millions of Americans and increased poverty in America, so long as Donald Trump will lose in 2020!

Bob Adelman pointed out that Jordan Weissmann, when writing for the far-left Slate magazine, said the following: “What elevates Dudley’s piece to truly epic heights of irresponsibility is that, until last year, Dudley served as president of the Federal Reserve Bank of New York, widely viewed as the Fed’s second most powerful position. He is an insider’s insider, and if ever a single piece of writing could fuel conspiracy theories that a cabal of central bankers is out to sabotage Trump’s presidency, this one is it. This is a very bad scheme that, in the end, would almost certainly undermine the Federal Reserve’s low legitimacy. But it gets worse. Dudley basically says the Fed should try to throw the 2020 election….It is hard to overstate what a tremendously dangerous concept this is.”

Jordan Weissmann continued explaining the following: “Dudley is not talking about a conflict between two equal branches of government. If the economy crashes and Democrats don’t want to pass a stimulus because it might help Trump, that would be crappy and inhumane, but it’d also fundamentally be politics. Voters could decide who to hold accountable. Here, Dudley is effectively talking about an economic coup staged by a group of unelected technocrats.”

Ryan Cooper, writing for the liberal The Week magazine, told his readers what Dudley’s op-ed showed: “It’s a perfect demonstration of what is already obvious: America’s central bank, the Federal Reserve, is a highly political institution — its heavily rich-friendly politics are just usually obscured behind a technocratic façade.”

Conclusion

Thanks to Dudley’s op-ed, we now understand more clearly that the Fed can do to serious damage to the economy and to the presidency of any U.S. president. Dudley is advocating an economic coup d’etat against PresidentTrump, but since when do Americans want the Fed to pick our presidents?

It is about time that Congress conducts for the first time a comprehensive audit of the Fed to learn what these unelected technocrat bureaucrats and their hidden bosses are doing to the American people! It is time for the American people to know that the Federal Reserve is a banking cartel made up of the descendants of the banking houses of the European Rothschild, Warburg, Kuhn and Lowe and the American banking empire of the Rockefeller and Morgan, which stole the United States in December 1913!

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