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Trump’s new Federal Reserve appointee called the US a ‘behemoth’ that couldn’t be trusted to oversee the US dollar

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Judy Shelton Trump economic adviser (Photo: Screen capture)

President Donald Trump hasn’t had much luck with appointing people to the United States Federal Reserve.

In 2019, Trump tried to appoint Herman Cain and Stephen Moore to the high financial office. Both ultimately were forced to drop out of the running after being completely humiliated on the national stage. Now, according to CNN, Trump is trying again, though his recent appointee, Judy Shelton, doesn’t look to be working out either.

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“Our government is promising so much to so many and at the same time we let the government control the value of our money and all of that would really go against the grain with our Founders — who did not see it as the government’s task to supply everything to everybody,” said Trump’s appointee Shelton.

“They saw the government’s task to be to protect private property and that’s why they wanted limited government because they knew,” she added. “It’s just the nature of having power that causes people in power to abuse the privilege. I think we’re now at a point where we have to ask if we can even trust government to regulate the value of our money.”

It isn’t exactly a good look for a Federal Reserve governor to denounce the financial institution for which she’s been nominated. Shelton also raised eyebrows when she suggested a return to something like the gold standard.

Read the full report from CNN.


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WATCH: Bob Woodward grilled on HBO about Trump supporters being disconnected from reality on COVID

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Pulitzer Prize-winning journalist Bob Woodward was taken to task for failing to warn Americans that Donald Trump's public statements on coronavirus were the exact opposite of what he actually believed.

Axios reporter Jonathan Swan interviewed Woodwood on "Axios on HBO" for an episode that aired on Monday.

Swan noted Woodward recorded Trump admitting that COVID was dangerous on March 19th, but instead of immediately warning America by publishing the bombshell, he saved it for his book Rage -- which was published on September 15th.

Woodward claimed that the world already knew the facts on coronavirus by the 19th of March, but Swan pushed back and pointed out that many of Trump's supporters ignore reality and instead trust Trump -- even when his views are not backed up by science or reality.

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‘It was all a hoax’: NYT destroys Trump’s claims of business success — in second blockbuster on his taxes

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President Donald Trump's tax returns have resulted in a second bombshell story by The New York Times.

"From the back seat of a stretch limousine heading to meet the first contestants for his new TV show “The Apprentice,” Donald J. Trump bragged that he was a billionaire who had overcome financial hardship. 'I used my brain, I used my negotiating skills and I worked it all out,” he told viewers. “Now, my company is bigger than it ever was and stronger than it ever was.' It was all a hoax," the newspaper reported Monday evening.

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2020 Election

Trump campaign accused of ‘laundering’ 170 million — companies linked to Brad Parscale are implicated: report

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The Trump campaign may be in legal hot water after a new complaint accused the organization of money laundering.

"The Campaign Legal Center, a nonpartisan campaign finance watchdog group, filed a complaint with the Federal Elections Commission Tuesday accusing the Trump campaign of “laundering” $170 million through numerous companies, some with connections to former Trump campaign manager Brad Parscale," Forbes reported Monday.

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