The Federal Reserve is spending $2.5 billion to renovate existing buildings for the agency. The cost overruns so far exceed $700 million in taxpayer money. Both President Trump and OMB Director Russ Vought are furious at the costs.
The $2.5bn refurbishment of the FED headquarters is at the center of focus by the White House, looking specifically at Jay Powell the central bank’s chair. Russell Vought has compared the ridiculous renovation cost to the building of the Palace of Versailles and described cost overruns as “outrageous”.
President Trump, a builder who knows the price of all things in the construction sector, takes matters into his own hands and grabs a hard hat to tour the facility that is not expected to be finished for another two years. Here are his initial remarks (prompted):
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Image is everything to those in the elite strata. The Fed must keep up appearances, to help maintain its position.
To the extent that controlling the world’s reserve currency is vital to maintaining the US position globally, giving the Fed a new $3.2B building serves the interest of national security, by bolstering the image of the Fed. Trump knows this well.
And keep in mind, this is funded by fiat dollars, borrowed or created out of thin air, if it increases the federal debt or inflation this also serves the goals of the Controllers “managing the decline of the US” from behind the curtain – “win-win”. Trump supports this goal, increasing the federal debt (BBB), so he knows this too.
But in truth, $3.2B is so small compared to the $7T annual federal budget that it is truly negligible. (0.04%) So while it doesn’t directly advance the true goals (sinking the US) significantly, it does provide for another day’s distraction from the tectonics that do, with this Trump skit – and this indirectly supports the true goal (sinking the US).
If it seems that supporting the Fed and reserve currency side bolstering the US global position is in conflict with sinking the US, this overlooks that the sinking is operating on a longer-term plan, it includes maintaining the helm steering the ship for now so running it on to the rocks will be more effective ultimately.
Tectonics include the bio-attrition of the engineered virus and genetic manipulation injections, the first stage in a multi-stage attrition program with the next stage being readied:
https://www.thefocalpoints.com/p/attack-of-the-replicons
Aimed at the US axis only. (Step back from the trees and behold the forest.)
But in truth, $3.2B is so small compared to…
Death by a thousand cuts – plus repeated gross ineptitude and disdain for the American people by government departments. The entire border wall wasn’t much more than that if built when PDJT first asked for it…
If there’s anyone who knows about steel and marble, and gold plating, it’s Donald J. Trump.
Powell has been thoroughly exposed.
Thought PDJT was going to break Powell in half when he smacked him on the back when making the interest rate comment.
This waste of taxpayer money could serve as a leverage point to force Powell to resign.
In browsing around the interbutt, I’ve seen some libbie-left forums talking about this, and some entertainment sites based out of China, Spain, and Cyprus. All of them are absolutely seething over this. The individual commenters don’t express any understanding of who Powell is or what the Fed does. They just see Trump calling-out a corrupt globalist and they howl in pain.
Social media is a well-known tool for the power players to shape public opinion, so when you see such howling from the CCP and EU factions, you know our man Trump is doing good work for the US. Here’s hoping Jerome Powell gets fired and replaced soon with a MAGA nationalist.
Powell looks old
PDJTs practicing transparency, as promised. Sometime it hurts.
I guess that this is kinda like Jerome’s presidential library building to him.
Trump just informed the American people that while they were having difficulty affording eggs, groceries, and gasoline for cars, the Fed was building a complex of two palaces worth $3.1 billion dollars. That makes quite a contrast to hard working Americans who are also taxed every time they turn around, taxes on their mortgages, taxes on their car, taxes on purchases, taxes on telephone use, taxes on income and taxes on any profit they may make. The people who work for the Fed will have a huge palace at taxpayer expense.
Considering that the Federal Reserve is a private institution, WHY is the renovation being paid for by the taxpayer????
Let the banking institutions that own the Fed pay for it.
The Fed needs to be disolved.
The Creature from Jekyll Island
Powell got spanked by “Daddy” Trump!!
😂🤣
Putting personal above our country is the turds playbook!
I take it the US government owns the buildings that house “The Fed”……a private corporation……I see a few scenarios……
Spend the $2 billion on renovations and then charge “The Fed “ rent….say $2-20 billion/ year….Spend the money on renovations and sell it to “The Fed” for $200 billion to $2 trillion….
If “The Fed” owns the building……Why are we paying for the renovations…..???
Oh……and if “The Fed” is a private corporation……I’m hoping that “The Fed” pays for their benefits, costs of business, and salaries…..
No more free rides on my tax dime.…..and maybe “The Fed” will be forced to pay/eat some of the national debt.
Club Fed.
https://shorturl.fm/uxiJp
This guy looks a hundred years old and far past his “sell by” date. Time to fire him and move on. Aren’t people hired by the President supposed to do what the President wants (aside from illegal acts)? What is up with this guy?
He was not hired by President Trump, I believe. The Fed is supposed to be independent of the Federal Government to keep is from being ‘politicized’. Yeah. Right.
Money Laundering 101
Abolish federal taxes period