Trump would lose my backing pretty fucking quick if he picked this sociopath as his Treasury Secretary. You can’t drain the swamp by hiring alligators. I like Guliani as AG. I like Flynn at Defense. He needs Austrian Economics advisors in the economic positions. You can’t rail about the $20 trillion of debt and then hire debt peddlers as your advisors.
Trump Said To Consider Jamie Dimon For Treasury Secretary; Dimon Not Interested
One week ago, when the prospect of a Trump presidency was “calculated” as being anywhere between 0% and 20% by so-called experts, we reported that Trump’s campaign finance chair, Goldman Sachs partner and Soros Fund management alum, Steven Mnuchin, was being positioned for something much larger as Donald Trump reportedly told his aides today that he wants Mnuchin to serve as his Treasury Secretary.
Now, according to CNBC, Trump has decided to expand beyond just Goldman alumni, and is allegedly considering JPMorgan CEO Jamie Dimon as the next US Treasury Secretary.
Needless to say, we can only hope that this is an attempt to scare clicks by CNBC instead of the actual truth, because if Trump hopes that he can “drain a swamp” by hiring the swamp puppet master, he – and millions of his supporters – will be very disappointed.
As for Dimon, or Mnuchin, they will be delighted: as a reminder, as Hank Paulson demonstrated so well, the only reason why bankers become Treasury Secretaries, is to be allowed to sell all their corporate stock upon moving to public office, tax free.
That said, as CNBC also adds, Dimon passed on the opportunity: “In the wake of Donald Trump’s upset victory, advisors have floated the idea of naming Jamie Dimon as treasury secretary, according to two people familiar with the matter, but one of them added that the JPMorgan chief has said he would not be interested in the role.”
Bush II did it by recycling Cheney, Rumsfeld, et al.
Hillary would have done the same.
IF (big if) Trump does this type of thing, it will be over before it starts. And, he gets exposed, as an imposter, before he takes the oath.
I agree with the call for Federal Reserve Chair Jim Grant. Now that would be different and a definite step in the right direction.
Jim, something I heard from Kellyanne Conway many times when confronted by rumors while being interviewed during the campaign. She always shot down stuff like this by saying, “You didn’t hear that from us.” I’ve become immune to clickbait like this. Want answers? Go to Trump’s twitter or website
I’m pretty sure Trump plans on pressuring the Fed to increase bond rates, which will cause the stock market to reverse direction so fast it will make your head spin. The left will use this as fuel to whip their followers even further into a frenzy, citing Trump’s inexperience as the cause, and completely ignoring the terrible economic policies that have guided our nation for decades now.
He needs an Austrian Economist, but also needs someone who understands how to get in front of a by-line, they need to understand not just what their actions will DO, but how they will be PERCEIVED.
Raising rates would be doable if he owns the consequences before they happen. If it’s done by surprise to the average person then a mess would happen but if instead he spends a month preparing the public (which also means the market will already price it in more gradually)… then the actual damage except to those that NEED to die can be managed.
Since people will be prepared for the worst, they will already be thinking about how to make the best out of it as opposed to panic.
We’ll just have to see how the next couple of month unfold.
Some of the names I’m seeking as possibilities for Trump’s cabinet are very scary. Jamie Dimon for Treasury, WTF. And Bolton for Secretary of State. My god, just launch the missiles now and get it over with.
If Trump brings in these kind of hacks to run the country we should just replace the eagle on the US emblem with a bunch of bananas.
I stopped reading at “according to CNBC”.
HSF,
Thats a good call, we all have to remember almost every msm network and anchor’s goal will be to smear trump.
Grain of salt
Could his be a keep your friends close and your enemies closer? Or, could he be setting the guys up for the fall when things go south. I’m grasping at straws.
In any event, I think Jamie “da rat” Dimon knows the ship is sinking. That’s why he’s not climbing aboard.
Just catching on? Wait until Net Neutrality and CISA FISA etc …
I cast a vote to the man — as a vote against the CORRUPT POS WAR Bitch, but I certainly didn’t vote FOR him.
HAHAHAHAHA………..You voted for it.
Edit: Can’t say down the road you weren’t warned.
http://www.thehill.com/blogs/pundits/presidential-campaign/289047-exploring-russian-ties-to-the-men-lurking-behind-trump/
****If you get a 404 and a search box, just type in (men lurking behind trump) third article down. Their pages move daily.
You’ll like this even more, Bea…personally, I don’t care if Trump cozies up to the Russians. They are not a threat if we don’t poke them or put troops and armor on their doorstep.
http://www.huffingtonpost.com/entry/donald-trump-russia-in-touch-election_us_582475f5e4b0d9ce6fc0e5f4
MOSCOW, Nov 10 (Reuters) – The Russian government was in touch with members of President-elect Donald Trump’s political team during the U.S. election campaign and knows most of his entourage, one of Russia’s most senior diplomats told the Interfax news agency on Thursday.
Accused by defeated Democratic contender Hillary Clinton of being a puppet of President Vladimir Putin after praising the Russian leader, Trump has dismissed suggestions he had anything to do with the Russian government during the campaign.
But in comments that could prove politically awkward for the president-elect, Russian Deputy Foreign Minister Sergei Ryabkov said there had indeed been some communications.
How about Max Keiser?
You know calls are being made.
Why did the stock price of defense companies go up after the election?
Don’t look now but I think contract prison companies went up also, Trump was on the record in favor of keeping prison contracts.
Because Trump has been saying all along he is going to “Rebuild” the military. Sounds pretty good for defense stocks if you ask me.
Trump is NOT LIBERTARIAN in the slightest. He has been using the gubbermint and gubbermint regulations to his advantage for years.
If you were looking for a libertarian leaning gubbermint and you voted for Trump……… well…….
There were no libertarian options in this election. Gary Johnson…… Nothing but a fool
In commiefornia I usually vote libertarian, but this election I voted Trump. I have no illusions about who he is.
Anon is constman54
Dimon is about tied with Jon Corzine in my mind. I hope this report was just wrong.
Trump inherits a $20 trillion pile of debt that must be rolled over so you people carping about interest rates rising are right but for the wrong reasons. The Fed doesn’t set interest rates on Treasury bonds absent another dose of QE to buy them up so to keep interest on that $20 trillion low enough to leave our government able to finance his other initiatives Trump must retain the confidence of the financial markets- ergo float Jamie Dimon as Treasury Secretary.
Trump probably wouldn’t delegate authority to his Secretary anyway as, unlike Obama, he understands finance and its importance. There are Cabinet posts where the occupant has real clout and others where the president and his advisors hold the authority. Think of Henry Kissinger or Zbigniew Brezinski who ran US foreign policy as National Security Advisors while a clown like Warren Christopher sat in the State Department.
So he’s been President elect for two days and people are already attacking him for his performance as President.
Wouldn’t it be a bit wiser to wait till he has actually served at least one day as President before attacking him for how he has done in office?
A must watch video, https://www.youtube.com/watch?v=uo2yLI5dgBE
Trump also called Obarry a “good man” today. I hope it’s just political posing and that we weren’t fooled. I know it’s only been one day, but he didn’t have to use the words “good man”. IMO.
Obammy probably gave Trump “The Talk”, with CIA/DIA at the door.
The honeymoon is over already and I’m afraid we will see a lot more of this. Remember Trump has Chris Christie, Gingrich, and Guliani whispering in his ear.
Trump needs David Stockman on his team.
I volunteer to be head of Treasury Department .I know I have no experience but I have read all of the Administrator’s articles about economics on the Burning Platform.Read some of them two or three times .I think I could do the job as well as Jimmy boy.
Jim Rickards for Treasury
Rand Paul for Supreme Court
Ted Nugent head of the BATF
One of the Bundys for head of BLM
Max Keiser head of Fed
Joel Skousen Secretary of State
The article is hopeful bullshit. All they did was report a speculation as fact. I highly doubt anybody from the old banking guard (Dimon, Blankfein, Paulson, Geithner, Corzine) are going to be allowed anywhere near the FED or Treasury. Lloyd Blankfein called a meeting today about the future prospects of banking. He thought he was on his way to the Treasury or FED under Clinton.
Hows about Trey Gowdy for AG? Perhaps he’d make a better, YOUNG supreme court justice?
I’m hoping AG will be Giuliani especially for prosecuting the Clintons and the bankers. I am hoping we will finally get justice for the 2008 collapse. Who better than Giuliani if there’s going to be New York City-Washington D.C. connection of indictments. He’s the former Associate AG under Reagan, U.S. Attorney of Southern New York, former mayor of NYC. I think he’d be perfect to Drain The Swamp.
Disband DHS, but leave Customs/Border Protection and Coast Guard agencies. Let FEMA functions go to the states.
I dont really see what purpose it serves to have an ideologically favorable person at the treasury. EPA? Sure. Justice? Sure. Education? Definitely. But Treasury? The sad truth is that Trump is going to have to spend $5 trillion his first year if he really wants to revive this economy. He needs to bring the most qualified person he can find who can help him to run that kind of deficit without blowing up the entire fiscal universe. He has to be careful or else rates could runaway which will totally destroy not just the fiscal balance sheet but also any chance of him accomplishing anything over the next 4 years.
Rudy for FBI chief, that post by rights belongs to a transvestite.
————————————————–
Somebody wondered if Trump wasn’t the chosen one. Another wondered if he was simply an accident. He’s not an accident, he is simply the establishment plan B or A. The voters were given a choice from the approved list.
I had nearly the same attitude back in ’08 – whatever is going to happen, it’s baked in. My hs government teacher said that by the time of the general election, two fine candidates are running and so he didn’t worry about it.
They had a big deportation force back in ’08 and this time will be no different. Trump is not the revolutionary they made him out to be. Neither was Uncle Ronnie. The establishment would not easily hand over the keys to the WH to a revolutionary. Even Hitler got his marching orders from on high.
I venture that when he said, MAGA, he meant that he would erase the Obama years and take us back to a time when the White House was lily white. If you could picture his mental resolution at that dinner when they were ribbing him, he made up his mind right then to erase Obama and his dark legacy from the history books. He said he’d make America great again. The voters turned that into much more than Trump imagined. He made it a point to be deliberately vague, letting everybody decide for themselves what MAGA means.
“He’s not an accident, he is simply the establishment plan B or A.”
———-
Thought you got the memo, EC…Trump was the anti-establishment candidate. At least, that’s the way he was portrayed.
So anti is he that the establishment is running up the market in protest.
Look, there are two ways to look at a revolution:
1. In an economic revolt, the talk is about class, the have-nots vs the haves.
2. In an employment revolt, the talk is about race, the whites vs the blacks.
Believe me, the establishment prefers a race war. So tell me, how is Trump anti-establishment if he plays into their hand?
Shit, even Obama put the kibosh to the Occupy Wall Street movement and made sure it became a race issue by refusing to prosecute blacks
You swallowed the wrong pill.
If anyone is unemployed and looking for work go to greatagain.gov. The Trump administration is accepting applications. No Shit, its for real.
Thd fact that Rudy was a Trump surrogate was almost enough to make me vote for Gary Johnson. Rudy is a joke.
Dimon better be a fabricated story. As I posted in another thread I hope to wait and see how the first 100 days go to determine if we’ve been fooled again. If he actually asked Dimon, then I wouldn’t have to wait.
Every president elect transmorgifies their message significantly between (s)election and inauguration. They have no choice because that is when they get their first look behind the curtain. You know, where they show him video taken through a snipers rifle scope EVERY SINGLE DAY for the last year where his wife and ALL of his kids are in the cross hairs as they go about their daily lives no matter where they are in the world. The one where they are shown reams of ginned up documents and other “evidence” of serious crimes against them that when released, will cause every mouth breathing moran in the country to simultaneously cry out for his arrest.
My hope is that as Trump changes his message and announces his cabinet picks and other nominations, that he surrounds himself with the most corrupt scum he can find simply for the purpose of being able to know exactly where they will all be when he releases the hounds on day one of the purge.
I don’t really expect that and to be totally honest, the story above didn’t surprise me a bit. That’s the beauty of positive pessimism, I always expect the worst and when that doesn’t happen, it’s a good day. I’m just results/evidence oriented. I’ll believe Trump is the real deal when I see it. Until then he’s just a salesman selling two day old fish and telling me it was caught this morning and I really need to see the gills moving.
I/S- You had me worried for a moment.
I-S is getting sentimental in his old age.
He actually believes this dude was suckered into winning. Trump is just another cog in the machine. If he was the real deal, I don’t have to wait and see, they would have taken him out.
Ever hear of Luis Donaldo Colosio? Assassinated in mid campaign. Then, when the crowd seized the gunman, they pulled the old switcheroo and arraigned a totally different looking kid with a haircut and a shave.
http://articles.chicagotribune.com/1996-08-20/news/9608200202_1_luis-donaldo-colosio-mario-aburto-martinez-political-slaying
You don’t need anyone for these banking positions. they should be run by a computer code based on employment, population growth, sales, growth, weather, etc. that’s all they are doing anyways, “watching their models” which are failing anyways. Then every quarter, they can review the results and double check if it is going OK, make any minor changes and let it loose on its own until the next review. they want to replace us with foreigners and H1B’s, they should be replaced by computer code. Easiest job to replace!
Same with all the traders and bankers, replace them with HFT code and save billions to pass on to investors.
Pre-cynicism. I don’t believe I have ever encountered that brand before.