engdahl always seems to have his hands on current events in a way beyond many i read, and here he speaks of the fed and the mango mussolini dealing with economic futures;


As of beginning July 2019 prospects look positive for a re-election of Donald Trump as President in November 2020. Headline stock market and GDP figures all look positive…at the present. The huge unanswered question is whether that can be sustained until the fateful elections. We see signs already that spell potential trouble for the Republicans .
A major problem for the Trump prospects to win a second term in November 2020 is the fact that since 1913 no American President, nor the Congress, control the decisions of the central bank, the legendary Federal Reserve or Fed. What few are aware of is the fact that the Fed is not a government agency. This is despite the fact the President nominates persons to serve as directors. The reality is that the Fed is privately owned largely by the international banks and financial groups that control global money flows. They determine in complex ways the control of US money creation, the heart of the economy.
In December 1913 a cabal of Wall Street Republican international bankers led by J.P. Morgan, John D Rockefeller, Paul Warburg and cronies pulled off the fateful coup d’etat that saw “Democrat” Woodrow Wilson sign away the money power of the government to the bankers. Since then, the Fed has determined the course of the nation’s economy independent of the interests of the national economy or the citizens.
The President of the New York Fed, Benjamin Strong, as head of the most powerful of the 12 reserve banks, literally determined the fate of the US and Europe until his death in 1928. His interest rate policies were directly responsible for creating the 1920s stock market bubble and the October 1929 Wall Street Great Crash. That in turn led to the 1931 global banking crisis and the Great Depression. It was the Fed under Allan Greenspan that was responsible for the creation of the securitization USA housing bubble and also for its deliberate destruction into the “Great Recession” of 2007-2008, a key factor in the 2008 Obama win. This Fed is the real power over economic good times or bad.
It can be demonstrated that every recession or boom, every so-called business cycle since 1914 has been determined by the Fed. When Donald Trump became President he selected several directors of the Fed Board of Governors, including Chairman Jerome Powell beginning February 2018, apparently believing Powell would continue an easy money regimen.
When Powell and the Fed continued the Janet Yellen interest rate increases and withdrawal from Quantitative Easing by selling off the assets it bought after the 2008 financial crisis, the effects were initially overshadowed by the Trump tax law and other factors that spurred both the stock market, the dollar and the economy. By late 2018, however, it began to become clear that the Fed was on course to create a collapse of the post-2008 asset bubble in stocks and real estate, prompting unprecedented criticism from Donald Trump of Jerome Powell, his choice for Fed chairman.
By December 2018, almost a year into Powell’s term, financial markets appeared in freefall, the stock markets down by 30% in six weeks, junk bond markets freezing and oil prices down by 40%. At that point on the urging of a group of influential business people, Trump began to attack Powell for trying to create a new recession..........http://www.williamengdahl.com/englishNEO30June2019.php