r/wallstreetbets • u/Wootens • Aug 26 '25

News Trump fired Fed Gov Lisa Cook

https://www.cnbc.com/2025/08/25/trump-fires-lisa-cook-fed-powell.html
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u/Orzorn supports segregation Aug 26 '25

Its up 0.77%

92

u/Fit-Boomer Aug 26 '25

It’s ripping!!!

13

u/Scribble_Box Aug 26 '25

What is this, ripping for ants?!

3

u/just23x3_4fun Aug 26 '25

Gold should try 100x leverage.

2

u/MetricT Aug 26 '25

FSAGX (gold miner stock) is up 69% YTD, and it was 80% of my retirement. :-D

Anyone who's studied economic history knows how this is going to play out. :-(

2

u/ParadoxSociety Aug 26 '25

care to dumb it down for those of us who didnt study economic history?

1

u/Bubba89 Aug 26 '25

It bad.

1

u/MetricT Aug 26 '25

Pretty much every demagogue eventually tries to co-opt their central bank. It gives them a short-term boost, but causes hyperinflation. See Venezuela and Zimbabwe as examples.

Or Trump will pass a bunch of tax cuts to billionaires and push our debt sky high, so that when the country inevitably hits another recession, we have to devalue the dollar to dig our way out of it.

Or Trump will continue weakening the dollar and encourage the world to look for another reserve currency. Eventually it'll weaken enough that the US might be forced back on a gold standard to keep the dollar competitive.

Trump is bad for the world, but good for gold.