gao and gulag (12. 607)

Trump is trying to cement case for ousting the chairman of the US federal reserve and install a more plaint comptroller who will lower interest rates according to the president’s will and make the trillions added to America’s debt slightly cheaper to borrow, advised that he can only dismiss the head of the independent central bank—whom Trump appointed during his first term—for cause, Trump is attempting to to cast budget overruns on the renovation of the reserve’s headquarters on Jerome Powell personally as an instance of fraud, waste and abuse. Sanguinely, Powell replied, in the this publicity stunt and set-up (see previously) that the cost of construction has sharply increased due to tariffs and that his figures were manifestly incorrect. Ahead of a meeting of the board’s policymakers to set the benchmark rate, it appears that the Fed will leave the percentage unchanged out of prudence in a chaotic environment, and having a central bank that is politically and economically aligned with the administration could very easily backfire, making investors and foreign holders wary about buying bonds and cause maintaining and taking on extra debt much more expense as well as further exacerbate inflation for consumers. Meanwhile, Trump has issued another executive order, which may be the most chilling yet—and that’s saying a lot for the catalogue of horrors already unleashed: Ending Crime and Disorder on America’s Streets. The EO proposes to end “endemic vagrancy” by encouraging the civil commitment of unhoused individuals deemed to have an incapacitating mental illness that precludes self-care, ostensibly revamping the asylum-system but not in a Victorian fashion of disappearing undesirables in an environment that normalises undesirable behaviour but rather as work-camps (Arbeit macht Frei), like his Alligator Alcatraz—and reopening the Alcatraz actual. Not only are most Americans living in a very precarious paycheque-to-paycheque situation, not homeless by the grace of their inferiors, I suspect that after the initial roundups, foreign-looking individuals, protestors, dissidents—all in the estimation of the police-state—and the securely housed with assets to confiscate will follow soon after. We’ve seen this before. The order further goes on to detail how federal grants to cities will be prioritised that enforce prohibitions on illicit drug-use, urban camping, squatting and programmes to register and track the location of sex offenders. Wrecking the economy and tanking the job market—as outlined above—seem a perfect first step to create a sizeable population of malcontents.