Now you will see why I said to watch this interview without distractions.
FED Chairman Jerome Powell announced today the FED Board of Governors is keeping the interest rate at 4.25 to 4.5 percent. The Central Bank of the United States is trying to create an unsustainable debt spiral.
The goal of the FED (Central Bank) is to create a debt spiral that leads to a crisis. This is the way the Central Bank controls the activity of the smaller banks. This is the way the Central Bank keeps control over the people in America. WATCH:
Don’t pretend. Stop being a battered victim to an abusive relationship with government.
President Trump is pumping money into the USA economy through economic growth, tariff revenue, federal govt downsizing, expanded private sector employment and wage growth.
The Central Bankers are trying to drain money from the USA economy through monetary policy and control over the behavior of the smaller regional banks and credit unions.
♦ FED. The Central Bank controls interest rates.
♦ FED. The Central Bank (FED) does not control inflation.
♦ BIG BANKS. The credit creation by institutional banks, the creation of money, does create inflation.
♦ BIG BANKS. Money created by institutional banks does not come from the FED.
♦ BIG BANKS. Money created by institutional banks, via credit creation for asset purchases, creates inflation.
♦ BIG BANKS. Money created by institutional banks via credit creation for consumer spending (loans and credit cards), creates inflation.
♦ TRUMP. Money created by regional banks via credit creation for Main Street development, expands GDP, creates revenue and does not create inflation. Additionally, money created by tariff incomes and money delivered by foreign entities to the U.S. treasury for tariff offset purchases, do not create inflation.
THE BATTLE
The FED, representing the USA Central Bank and the interests of the BIG BANKS, are trying to create a massive debt spiral by keeping the interest rates high and making service on the debt unsustainable.
President Trump, representing Main Street USA, is fighting against the interests of the BIG BANKS, and trying to create revenue to avoid the debt spiral the FED is trying to create.
That’s the non-pretending reality of the situation.
Why does the FED (Central Bank) want to create a debt spiral? Because they want control over the economic activity, which includes the destruction of the smaller regional banks and credit unions who are funding the Main Street economy.
The Cental Bank want’s full control.
What the U.S. Marshalls are to the Judicial Branch; the FBI is to the DC system, and the CIA are to the bankers.
I have no debt but am old enough to remember paying double digit interest on house and car “debt”.
Ditto.
Me, too.
Same here.
You also lived in a time when a dollar was actually worth something – heck, a penny was worth something – and when straight White men were allowed to have careers. Now we’re not, we’re allowed only jobs. Careers are for women, brown people, gays, and trans. We work our dead end jobs, they get the cushy office jobs bossing us around, and then we pay rent to the corporations and elderly who own all the homes.
I can’t afford to raise a family and pay for your social security. If I am forced to, then I’ll marry a foreign woman and get out. You can beg Tyrone and Shaniqua for help.
My first house loan vig was around 20% in 1975 from a bank. I thought that I could get a better vig from the mob.
There are many ways to destroy a country from the inside. Killing it by Economic means is very effective. Because we have access to the Cloward-Piven strategy, which was postulated in the late 1960s, we should expect our enemies (like the Fed) to use it against us.
35 years ago, we purchased our house just before getting married in 1989 with a 10.0% APR. It was a small brick veneered house (1187 sqft. first occupied in February, 1960, the month before I was born. It was a Gold Medallion home, having some insulation in it. Fortunately, we were blessed, as it was well built. It survived 2 children and multiple dogs and cats, requiring minimal maintenance. It was well designed, with all of the Bedrooms, the Kitchen, Living Room and Bath, surrounding a centrally located Dining Room. Although tempted to purchase a larger house, we kept living in it (and still own it), choosing to live in a “cramped house that’s too full of our stuff.”
My wife and I still remember me coming home from work and saying “we’re not going to buy another house.” She replied, “Why would you say that? We haven’t even thought about, let alone talked about it?”
My reply was “Because everyone in my age and stage of life at work suddenly ‘needs’ a new home. They’ve ‘decided’ their house is too small and they must live in a larger house.” We chose this house. We don’t have too many kids. It’s well built and been maintained. You don’t ‘get ahead in life’ by trading debt for more debt. The kids are 7-10 years from ‘fledging their nest and making their own lives.’ If we buy a larger house, we will have more to maintain, more to clean, more to heat and cool more atea and eventually have too much space that isn’t utilized.”
My youngest is a Mechanical Engineer, with a decent job, has no debt and just bought her first car (used). But she has decided that with housing prices in the metropolis where we live and with the typical interest rates, she can’t afford to purchase a house in this area. With what Obama-nomics and Biden-nomics have done to the economy, I understand her trepidation.
It’s time to publicly Fire Powell, at a Press Conference and audit the Federal Reserve Bank.
Yes! Fire his azz NOW!
Trumps people are advising him against it due to the optics.
yeah, I could be wrong but I think it looks like Trump is applying as much pressure and public humiliation to get Powell to quit on his own.
Just show that he is in a similar mental acuity level to Biden and that he, like Biden, was given a script to follow.
Followed my dad’s example & burned my mortgage at 55, now it’s the property taxes are the size of my old mortgage payment. Woke local pols (heavily populated with retired teachers/professors & social workers are spending on everything from green energy to “affordable” housing which makes my housing less affordable. Living off their generous public sector pensions I await the time they will sweat as I do at every new millage increase. I don’t have a pension, being self employed I saved and inflation meant I never will retire. So there is a wake-up call coming for those who haven’t been in the fight to keep their head above water.
You must live in a deep blue state. Red state teachers, for the most part, aren’t woke like those in blue states and metro areas with a lot of transplants.
My prpoerty taxes are 2. times any mortgage I ever had.
Me too – I figured it out when I bought my first house. The money you saved by paying off your house was greater than the tax deduction you got for having a mortgage. Dah. Plus you don’t own your house as long as you have a mortgage. The bank does.
As long as there’s property taxes you never own your house. You’re just renting from the government.
Early 1980’s after Carter……….15-17%
16.5% percent x 30 years $25000. $400./ month including taxes and insurance!!
Ah yes, the time that had Jimmy Carter designated the worse president ever. Credit card interest was up to 21%. Designed to destroy the middle class!
Jimmy Carter WAS THE WORST president ever—until 44… only worse than 44 was 46. Carter survived long enough to lose the moniker.
While many people believe he was good natured and maybe just ill informed, and did a lot of good after he left office—they are mistaken. He did do a few good things—but he was a total pos. He spoke out against our policies and undermined the US and President (several different ones) numerous times.
I’m not sure, but was habitat for humanity the first slush fund, just not as offense as the Clinton Haiti slush fund? I’m not sure.
YEP !!!!!
7% – 10% interest in the 70’s and 80’s on most average homes were on loans typically under $100k to $150k . That is nothing like the 7% loans on those same homes now selling in the $400k – $500k mortgages of today.
Payments are nor well above $2400 per month compared to +/- $1000 back in the day.
And wages have gone up a fraction of that over the same period.
With Usura
With usura hath no man a house of good stone
each block cut smooth and well fitting
that design might cover their face,
with usura
hath no man a painted paradise on his church wall
harpes et luz
or where virgin receiveth message
and halo projects from incision,
with usura
seeth no man Gonzaga his heirs and his concubines
no picture is made to endure nor to live with
but it is made to sell and sell quickly
with usura, sin against nature,
is thy bread ever more of stale rags
is thy bread dry as paper,
with no mountain wheat, no strong flour
with usura the line grows thick
with usura is no clear demarcation
and no man can find site for his dwelling.
Stonecutter is kept from his stone
weaver is kept from his loom
WITH USURA
wool comes not to market
sheep bringeth no gain with usura
Usura is a murrain, usura
blunteth the needle in the maid’s hand
and stoppeth the spinner’s cunning. Pietro Lombardo
came not by usura
Duccio came not by usura
nor Pier della Francesca; Zuan Bellin’ not by usura
nor was ‘La Calunnia’ painted.
Came not by usura Angelico; came not Ambrogio Praedis,
Came no church of cut stone signed: Adamo me fecit.
Not by usura St. Trophime
Not by usura Saint Hilaire,
Usura rusteth the chisel
It rusteth the craft and the craftsman
It gnaweth the thread in the loom
None learneth to weave gold in her pattern;
Azure hath a canker by usura; cramoisi is unbroidered
Emerald findeth no Memling
Usura slayeth the child in the womb
It stayeth the young man’s courting
It hath brought palsey to bed, lyeth
between the young bride and her bridegroom
CONTRA NATURAM
They have brought whores for Eleusis
Corpses are set to banquet
at behest of usura.
– Ezra Pound, “Canto XLV ” from The Cantos of Ezra Pound.
Amazing.
Time for President Trump to remove globalist traitor Powell.
He’s got to shut down the Fed. Powell isn’t the Fed. He’s the pretend head for now.
I have no idea how he’s going to do it because it looks like no matter what he does, the reaction is prepared and it’s only one reaction: kill the economy and blame it on Trump for destabilizing the world. And a lot of people will buy into it.
Trump has been on a convince the world campaign and doing well at it. But I don’t think he has prepared the world for this.
They will kill him before they allow Trump to shut down the FED.
That’s what they did to JFK.
JFK had prepared an executive order shuttering the FED.
Johnson rescinded the EO on the plane back from Dallas.
Holy moley. That’s huge. That’s yuge-huge, it’s gargantuan.
We’ve destroyed how many countries to prevent that.
Correction, World Wars were fought for that reason – to create the debt-based, privately-owned BIS bank system, in tandem with the UN World Bank/IMF.
The Tower of Babel, with all varieties of humanity under its roof as cogs in a machine.
That’s why the “anti-racism” posturing, we’re all just numbers without history or identity, united under global debt bondage, as our children’s children will be.
Then our course of action is obvious.
In the end, wouldn’t it just be easier to explain, in a major address, what the big banks are doing and through whom, the Fed Chair, they hope to accomplish this.
Or just fire the bastard and take some heat for it for few days. Dump him.
Fire him! Today is already too late.
Congress needs to shut down the Fed. FDR wanted complete and absolute control and Congress gave it to him.
Tiime to Remove the FED.
Replace it with (as Sundance has eluded to) a Federal National Back (not privately owned) whose purpose is to provide liquidity to small local and regional banks when needed.
Poorly managed banks must be allowed to fail and the managers held to account.
Didn’t Powell just get referred for prosecution?
Funny thing about this is it could easily back-fire. Tighter rates for a while could be just what the economy needs after 4 years of an Easy Money orgy – it wouldn’t surprise me at all if it stabilized the system even more!
Jerome Powell is sort of the Mr. Magoo of Fed Chairman – although he is indeed very insincere he’s also so timid, late, and blind about everything by the time it all shakes out in a Trump environment his net impact ends up being a little bit positive by accident – that could very well be the case here.
Mrs. Magoo?
Trump knows what’s coming and will have cause to blame the Fed before it’s fully absorbed by Treasury. “End the Fed” may be more than a slogan. It may well be the plan.
I agree, Dave. It appears, IMO, that President Trump has set about creating a parallel financial system (crypto), and at the appropriate time it will destroy the Central Bank because it will outperform the CB.
Hope I live to see that day!! I will shout in the streets when it happens!
It’s a really good point.
In theory, high interest rates are supposed to vacuum up excess money that leads to higher prices – the too many dollars chasing too few goods schtick. The bigger and more prescient issue, if I understood Dr Warner’s presentation, is keeping interest rates high AND failing to cut deficit spending is the debt trap vortex that takes down economies – it grows exponentially. It is more than apparent the FED is ready willing and actively trying to crash the financial system before President Trump’s actions can save it – we have TRILLIONS of debt that all needs frequent refinancing, thanks to the manipulations of the evil little troll Yellen. The giant sucking sound is giant and still sucking hard – Powel is feeding the vortex.
Oh, and the why the FED is doing this? So they can swoop in and save the economy by implementing digital dollars and kill all the small banks feeding productive growth.
Digital dollars are house arrest anklets.
what powell does he does in darkness where he is not timid.
Banker love wars, they make money off both sides.
They hate Russia because “The Bank” has no control and no foothold in Russia.
Why Ukraine? Ask the really big banks like Swiss and off shore.
Politics for sure, backed by greed.
Penn KNOWS what kind of disaster awaits…he is one of the few Dem pollsters even trying to appeal to party moderates, appeals getting cancelled out by the “leadership” as the entire party is being dragged into the abyss. OTOH, Carville just lies to the troops about their deep “bench”
Penn, quite clearly, has no clue.
My Daddy grew up in the depression. All my life I was told, “If you can’t pay cash for it, you can’t afford it.” The only exception was a mortgage and on that, he said to pay it down as quick as possible. He was a wise man. He was selling my Mom’s car because she wanted a Cadillac. A young couple wanted it but told Daddy they needed to get a loan. Daddy said, “you mean you don’t have $5K cash?” They didn’t and Daddy told them he wouldn’t sell them the car. Daddy died very wealthy because he owned his own business and lived like he didn’t have a dime.
Such a great story!
Thanks for sharing.
Fiscal Responsibility.
A word many are unfamiliar with.
Took me awhile, but finally got out
of all debt over ten years ago.
It’s a great feeling!
💃 💃
Smart man.
Sounds like my mother, 92, born at the end of the depression. Still lives that way, hoarding her money and thinks we’ll be getting it. I guess she’s never heard that the nursing home will take it all and leave her in misery. Nobody can tell her to get a new fridge or stove even though either barely runs. She lives alone and would rather do everything herself. Refuses to buy long distance to call anybody on her home phone, even though her cell phone includes it. Stubborn as a mule doesn’t even cover it.
Soldier Mom. I was raised the same way. There were times in my life that were very difficult..namely the Jimmy Carter years. When I finally arrived at a point I could purchase a home the rate was very high . I paid on it for a few years, giving a little extra every month to be paid on principle only. At a point into the loan I remortgaged it from a 30 year to a 15 year. I then paid it off in 7 years. From then on I sold and put every dime into the new house. I’m 79 and now live in a beautiful home debt free, with no debt. And I’ve saved high 6 figures in CDs at a very good credit union. My Dad lived through the depression and those folks knew how to live a good life on very little. I thank God every day for giving me such wonderful parents.
We miss these people bad!
Smart man
GENX raised by a WW2 marine. I didn’t listen enough and had a child very young. I soldiered on and had a few more. They are all adults now doing well. For most of the time growing up they would grief on me about what I told them (my Dads advice) but listened anyway. They all understood why now as they look at the world and what is happening. Thanks Pop!!!
Well then… no time like the present to AUDIT THE FED.
Do we really need the Fed?
Nope and certainly not their “fiat” currency that ain’t worth the paper it’s printed on.
Would give anything to still have the silver certificates that I had as a child (birthdays, Christmas, really good grades). They were guaranteed by silver. Current paper money is guaranteed on Obama’s hopium and changeum (from my pocket to the trash)!
Not anymore. I have a stack of pristine certificates from an estate I am handling
Got to end silver manipulation to begin with. Paper guarantees of 100K ounces are being sold with nowhere near the physical to back them. These ETF contracts determine the daily price of an actual ounce of metal. Most banks hold enormous shorts. President Kennedy was exploring putting the dollar on a silver backing.
Are we still printing money 24/7/360?
FED balance sheet has shrunk from a high of $9 trillion in 2022 to $6.7 trillion. FED is pretty much liquidating its MBS holdings. QT has been underway for a while.
On the flip side, the FED should never have engaged in QE, the politics of financing huge gov’t deficit spending needs and flirting with Modern Monetary Theory nonsense.
The problem with the FED, other than its obvious political biases, is that its analytics routinely appear to be off (i.e., wrong models) and late to the mark.
And this fed building project. Wtf. Our money to private crime
Fed claims its not taxpayer money. So tell us which banks made contributions and how much each was. I would like to know who is buying Powell’s support. Also like to know his kickback.
The problem with the FED, other than its obvious political biases, is that its analytics routinely appear to be off (i.e., wrong models) and late to the mark.
Exactly why the entire place needs immediate pink slips!
Political and domestic abusers share the same tactics…they isolate their victims from friends, family and supportive people, they surveille their victims both physically and electronically, and keep the victim financially restrained (broke). Another tactic is to keep them in fear of being harmed.
With all due respect, if we keep running $2T annual federal deficits, we cannot expect the FED to lower rates to 1-2%.
Cut spending. Cut spending. Cut spending. Cancel programs. Do not send stupid tariff rebate checks to people to buy votes. Balance the budget.
Some suggest:
What most don’t understand is that running $2T annual federal deficits is part of the Plan to steer the US sinking.
BBB continues this.
Q: Who are the ones steering this? Why?
A: What absolutely opaque uber-powerful US government entity has been chartered for 80 years to produce actionable analyses of geopolitical trends and to steer them, and therefore could discern the signs of inexorable US sinking and steer that to reinforce its power in the long run?
Q: What facts stand out?
A: The US surveillance and police state started with an apparent controlled demolition – ae911truth.org. What entity would be capable of pulling that off, “coincidently” involved with the hijackers who flew the planes?
Q: Where does all this lead?
A: Tracing the key trends forward, things appear to converge on a future where the US is a totalitarian part of “multi-polar global governance”.
The next Debt Ceiling vote is the perfect time to cut, cut, cut and shut down useless departments (education, energy, etc)
i wonder why no one in the Trump admin plays back Powell’s interview in which he says he dislikes Trump
Sundance, thank you for recommending Tucker Carlson’s interview with Dr. Werner. It was fascinating, aggravating, scary, and informative. He positively with facts and evidence concludes what we all suspected – banks create money, period. What the Fed is doing is nothing short of war on our own nation.
Worse, the Fed is about creating a layer of obfuscation on who’s pillaging the nation with it being privately owned by big banks.
The consolidation of the banking industry into fewer and much larger behemoth banks since the Fed was created underscores this point.
Just to add insult to injury.
In all truth when you sit with the bank manager who hands you the loan agreement Paper that he asks you to “counter-sign” (as the Bank has already signed it they just want you to take responsibility for the loan, if you notice the bank manager will ask you to sign where there is an X, this is their Signature, the Banks Signature), it is YOU that create the money and Stand as collateral/guarantor for the numbers on the loan agreement. You bring that figure into existence through slight of hand that the Banking System employs.
So in effect You are the Creditor, the Creator of the Money by virtue of Signing it into existence. Then just to deepen the insult, You spend the rest of your life paying this loan (money) that You created, to the Bank. Bummer ain’t it.
“sleight of hand” lol
Truth
Just fire him, President Trump. Powell, right in the kisser.
I believe he said he’d wait until May 2026 when his term is up. Hopefully, we will last that long.
Two FED governors voted for a big/s 1/4 percentage decrease. You have to remove almost all of the governors to effect a change. 26,000 employees and a 2.5+ billion dollar rehab of a building you don’t need is beyond hubris. AUDIT THE FED and be done with this nonsense.
JMO.
President Trump had discussed refinancing the upcoming debt for a shorter period of time for the duration of “too slow powell’s tenure.” Saving the $$ for the USA.
Just do it and take away the incentive for him staying until the end of his tenure.
Go after him on fraudulent building activity …… file charges against him and fire him for cause ……. as and if the facts support such action.
Yes, Wall Street and the FED vs Main Street and the smaller banks is observable and for reasons Conservative Treehouse articulated such as:
“The goal of the FED (Central Bank) is to create a debt spiral that leads to a crisis. This is the way the Central Bank controls the activity of the smaller banks. This is the way the Central Bank keeps control over the people in America.”
Obviously, this is why President Trump is unhappy with the FED as he wants lower interest rates and more smaller banks to deliver rapid economic growth for the nation which was one of economist Richard Werner’s points.
I do think; however, both Present Trump and Richard Werner devalue the present concentration of market share across many sectors in the hands of a few which is also acting as a barrier to Main Street being able to realize economic expansion and so the formation of many more small banks. The plutocracy creep that’s come about from the influence of those “hands of a few” (let the reader understand) also acts as a barrier to rapid expansion.
. Certainly President Trump is not happy with the FED ; however, I believe oligarchy is understated
I feel like Trump has a response in mind. He set up, dominated and humiliated Powell. Obviously he’s not really in charge and never was. My working assumption is if we know their name, they aren’t in charge.
I would say “except for Trump” but he’s absolutely working on it. He’s in charge officially and now they can no longer play him the way they did first term.
Trump is going to have to make his move pretty soon before the Fed presses that button and they try to blame Trump for it.
I’d like it if a good editor took that interview and distilled it better. It’s long. People won’t be able to sit through the whole thing… even at 1.5x speed. We need something better to share.
This is a good follow on from the Tucker interview with Richard Werner yesterday, cheers Sundance.
Jerome Powel is playing his part on cue. Without him this Ponzi scheme will not get full exposure, lol
The Fed has tools other than interest rates to control inflation and the economy. It can control the amount of money lent by banks by adjusting reserve requirements.
When people deposit money in banks, they lend that money out. In fact, they can lend more money than they take in (fractional reserve banking). How much more depends on the reserve requirements. That’s money creation.
Savers have been getting screwed for decades as the political class gets rich on low interest rates. Until recently, the real rate of return from savings has been net negative after inflation, while taxes have to be paid on the nominal income. Basically, DC has been stealing from seniors.
Our debt spiral has been caused by low interest rates. Congress hasn’t felt the need to rein in spending while they are borrowing “free” money. The Treasury hasn’t had to pay market interest rates to finance deficits because the Fed has been buying up Treasury debt that won’t sell due to too low interest rates to attract more investors.
Congress wants low interest rates to make sure the economy is hot for the next election. The Commerce Secretary comes on TV to say how much money these interest rates are costing the government and that they will cause Congress to have to cut spending. He accidently admits the truth. Congress is addicted to low interest rates.
If the Fed cuts rates by 1%, they are cutting seniors’ income by 25%. Tired of financing runaway spending by sacrificing income.
The current real interest rate is 1.73%. That remains historically low. The risk-free real interest rate is supposed to be about 3%. In the good old days, you could take a few dollars to your local bank and make that much and learn about the miracle of compound interest. Now, the national average savings account yield is 0.56 percent APY. What a deal!
You know things are bad when the mattress looks like a good place to stash your money.
Savings accounts are a joke at these rates. Spend now or lose your buying power. Neither is a good choice.
Fractional Reserve Banking hasn’t existed on any practical basis for 20-25 years. About ten years on a de jure basis (I’d have to look it up).
As far as the effect on my little slice of the world, this is NOT good for Cleveland Cliffs Steel. They are heavily tied to the auto industry. The auto industry isn’t forecasted to start moving again until rates hit 3.5% Cliffs lost $485 million Q1, $450 million in Q2. They did idle some assets and lay off. Not sure it’s going to make enough difference to avoid a blood bath in Q3.
Demand for US steel should increase with foreign auto manufactures setting up shop in the USA to decrease / remove their tariffs. Then again, Look who owns Cliffs. These people are all about money and are invested in other countries that have the ability to make cheaper steel.
Well that is there job to make money at a high level. The top 3 you site run most of the 401k/403b and other pension funds in the country so their ownership is to be expected. Let’s be clear Black Rock’s and to a lesser extent Vanguard’ DEI push is a separate issue as is the part of Black Rocks business that can get loans at 0% , buy homes and jack up real estate prices. The issue everyone misses is how these firms have so much power. They get to vote for the shares in your 401k account and for all the ETFs they manage. In the 80s”conspiracy theorists “ said this power was a back door to communism.
No indicator any of this intrigue and power struggle end well Trump or not
The Federal Reserve has been working their magic for decades, but I believe that this time will be different.
Our President, Treasury Secretary and Secretary of Commerce, et al, are all in for the fight and I don’t think that they were ever riders on the turnip truck.
Black magic.
CNBC Hosts Ridicule Elizabeth Warren’s Fearmongering Over the Trump Economy (VIDEO)
https://www.thegatewaypundit.com/2025/07/cnbc-hosts-ridicule-elizabeth-warrens-fearmongering-trump-economy
‘ The Central Bank of the United States is trying to create an unsustainable debt spiral. ‘
What about the US government creating an unsustainable debt spiral, $38T now ballooning past the point of no return in an accelerating feedback loop?
So, as a consumer, what is OUR pushback on thi? To seek out and deal with regional rather than national banks to use as banks when we are looking for credit? Use cash when possible? Pay credit card bills in full when possible? As surely there are more of us, as consumers, there must be a pushback in our behavior that has impact on this…..????
Credit unions
“Mr. Jackson? Paging Mr. Andrew Jackson….your presence (and sledge hammer) is required at the Federal Reserve HQ immediately…STAT….per personal request of Donald Trump and the American People. Thank you for your attention to this matter.”
Or, simply stated: END THE FED
No wonder modern leftist historians rank him as one of the worst presidents ever
What a depressing headline to wake up to. If the rates are lowered, debt gets paid off and the housing market picks up, which is good for everyone on Main Street. I will do a happy dance if Trump fires Powell. I bet he won’t. He will turn up the heat on the Fed until something breaks. Not that the Central Bankers give two twits about Main Street. Thing is, they are all going to meet their Maker one day and they can’t take the money with them to the grave, nor can their offspring.
Can we end the Fed AND the CIA? This is our country after all.
I would like to see Powell fired
however
who would replace him?
one that isn’t the same or worse?
Bessent.
End the FED
Supply side does not cause inflation.
End the Fed
Time to shut down the renovation of the FED building, using taxpayer funds and any other funds to them that come from Americans! No more working in palaces or eating prime food. Starve the FED!! Fire them all, destroy them because they have and are trying to destroy Trump, our country and US!
Perhaps we could build them a new headquarters on Guam.
Might tip it over (again).
Blaming the FED is like blaming the bartender for the drunk being an alcoholic. It is Congress that spent like drunken sailors that created the debt bomb and the FED is trying to act like the sensible adult for once. It is still only a matter of where those trillions are being spent that is the pretending. I am a CPA and I can not rationalize the level of spending over the last ten years in any sensible scenario, let alone the projections for the next five.
Scott Bessent ( SEC TREASURY) is working overtime to find a way or ways to retire 9 trillion of debt ($9,000,000,000,000) that Biden and the Congress ran up with the IRA act (Inflation Reduction Act), among other gross overspending. The interest rate Treasury has to pay on the debt is real important.
President Trump yesterday made it clear that a 1% rate cut takes $365 billion off the books annually.
I’m like most of my friends and (I suspect strongly) we Treepers; I don’t like being controlled by those who think they are high and mighty then coerce and dictate how we are going to live and at what quality of life. Leave me alone. I’ll do quite well.
The credit created by institutional banks creates inflation because it is the money that is created to finance government spending above what is taken in by taxation. If Congress will not control deficit spending then Congress will create something or someone to fiance the spending. STOP THE EXCESS SPENDING.
Money created for Asset purchases does not create inflation. People wanting to pay more to live in a place create the inflation. Those assets can just as easily drop in value. I can buy a house in St Louis for 1/3 of what it was worth in 2000. Housing Prices are driven by the free market, people making decisions. The only way that does not happen for example is the 90s and oughts….The Government said banks must loan money to people that cannot afford that house and for no money down. The banks got blamed but the true problem was the Government interfering in the free market.
And the government did it on purpose knowing what was going to happen.
How about a budget cut for the Fed that is 20 times the current interest rate? The multiplier increases by 5 every time there is no rate cut by the Fed. Cut the rate by 1/2 % or more and it decreases by 5 every time until it reaches 0.
LET the PRIVATE ENTITY – The Federal Reserve – PAY FOR THEIR OWN EXISTENCE / Building Renovations
Consumer spending through credit cards does not cause inflation. A consumer may “overspend” buying goods, but at 25% interest the long term effect is to reduce spending. Those folks are buying interest and not buying goods.
The Fed by holding interest rates high is actually reducing the economy. People are reluctant to buy a house at 7% interest. That auto loan sure costs more.
There is no doubt the Fed is slowing the economy. But we are growing and we are having no inflation. The Fed could speed things up but you are incorrect that this policy will cause a debt spiral. If we have a debt spiral it will be because the UNIPARTY will not reduce government spending and the government debt will continue to GROW.
Karl Denninger, the market-ticker guy, says that the FED will not lower interest rates, because the government is running a 7% fiscal deficit. Lowering rates, I suppose, will just encourage more deficit spending. but here is a question: why does the government even create debt by selling bonds?
The US is a sovereign country and can create money without borrowing money. If the US takes in $5 trillion in revenue and the legislature spends $7 trillion, then the government issues treasury checks and pays out $7 trillion. We have $2 trillion in overspending without borrowing a penny.
The government sells bonds so that banks do not have to keep their excess reserves in their Federal Reserve accounts at probably zero percent interest. The government offers them bonds instead. The government uses taxpayer money to pay interest to banks, and others, holding bonds. This amounts to a welfare system for banks, which are already very wealthy.
Experts say swapping bonds for currency is such swapping one form of debt for another. This being so, here is how we pay off a $35 trillion national debt. As debt instruments become due, we simply pay them off without borrowing money and reissuing replacements. Eventually there is no public debt. No interest payments, and the Fed no longer has much relevance. The government just spends money into existence without creating debt.
Where is the public debt? If I borrow for a car, I end up with a car. If I borrow for a house, I have a house to show for it. What does the government have to show for its borrowing? It , that is, we taxpayers, gets a whopping interest payment to the mostly already extremely wealthy.
There is so much wrong here. You really need to think this through.
Why do we have a Fed?
So the rich stay rich
Powell and his left wings hacks are irrelevant. Full speed ahead with the Trump economy. Powell did not get the memo.
“If I told you that the Bankers run the CIA no one would believe me” – Steven Seagal in Above the Law-1988
Thanks Steve, that monster on Jekyll , and confessions of an economic hit man opened my eyes to what was going on at a young age. Nothing stopping the crash. Even Atlas (Trump) get your supplies, precious metals , and range time in. It’s End Game
Tucker admitted, “I know nothing about economics.” And that goes for most folks.
Werner says banks create money out of thin air and banks caused the massive asset bubble in Japan. And the CIA wants to suppress him. Fact 1 is true and it is regulated. Fact 2 is nonsense. Did the banks buy all that real estate at inflated prices? Or did people and corporations? The CIA could care less about a guy with an inflated ego and a gift of gab.
Werner is my new PT Barnum.
Odd.
I know little about economics, and I got the same take on Werner by listening closely and observing him. P.T. Barnum.
Trump can appoint Ron Paul the next Fed Chairman. Give Ron a DOGE Team and let the fun begin.
It was clear to me the Evil was going to use the economy to try to destroy our country when PT was elected.
Evil is worn on their faces.
Powel looks like every actor who portrayed Ebenezer Scrooge in “A Christmas Carol.”
And there is the visage of Schumer and McConnel. Evil.
trump has to get rid of Powell and most of the Fed Board of Governors.
There is a way to do this thar JFK tried and LBJ canceled..
Andrew Jackson did it once and the economy in that period boomed.
End The Fed.
“President Trump is pumping money into the USA economy through economic growth, tariff revenue, federal govt downsizing, expanded private sector employment and wage growth.”
??
Tarriff revenue. This takes money out of the economy. Its the equivilant to a new tax but it only applies to imported goods
Federal Govt downsizing. This mostly takes money out of the economy as the Govt doesn’t pay Govt workers
“The Central Bankers are trying to drain money from the USA economy through monetary policy and control over the behavior of the smaller regional banks and credit unions.”
Interest is a zero sum game. One party receives the money at the expense of another party. As a saver I prefer higher interest rates. Debt liability holders prefer the opposite
The key to understanding this is to understand
What money is. Its a financial asset
What a financial asset is (NB. its always supported by a financial liability held by another party)
How journal entries work (JEs create money out of thin air. JE always have a matching balancing debit and credit)
Most economists and wise commentators haven’t a clue on this subject. So the post nonsense like REAL money is Gold. And then go down fictional rabbit holes
Im not saying the above should or shouldn’t be done. But many seem to be very confused about all of this.
It like paying down Govt debt. This takes money out of the Non Govt sector ie us as the money (via taxes etc) must come from the non Govt sector. Or a Govt deficit make the non Govt sector wealthier.
Interest rate have little to do with a debt spiral. As interest is a FINANCIAL ASSET. So it balances out. Govt interest payments = non Govt interest revenue
The issue with debt is debt owing to another country. Or an inbalance where a few have massive debt assets holdings. Or raising debt for wasteful spending
My view is blaming the Fed is a diverting attention tactic. Its the Fed not …
Keeping rates high helps elect Demonic rats in the mid-terms.
Why? Economic strength favors incumbents. High rates hurt economic growth (strength).
Political as usual. One world goal as usual. PDJT stands in they way- a usual!
Never forget how cruel and intense the Left’s hatred for you is.
Powell and the FED are seemingly engaged in a form of sabotage. Worse, there is the interplay with foreign and transnational banking entities. The higher Powell keeps the interest rate, the more USD pours into the coffers of non-domestic transnational and foreign bondholder interests.
Of course Powell thinks they are above suspicion and unilaterally deserve the benefit of the doubt. Given the modern culture of fiduciary trusteeship and mixed loyalties of self-interested institutional officers, I would not be so sure their hands are clean.
Time for a refresher of old about the Fed in The Creature from Jekyll Island.
And Tucker’s recent interview about how the Fed works:
https://theconservativetreehouse.com/blog/2025/07/29/must-watch-tucker-carlson-interviews-richard-werner/?utm_source=rss&utm_medium=rss&utm_campaign=must-watch-tucker-carlson-interviews-richard-werner
News flash: The Fed is a cartel and needs to go! It is not in place to serve you.
If the Fed is really trying to induce a recession or depression, they will fail, due to Trump’s tariffs and negotiated tariff treaties. That’s because the amount of Investment in the US economy will be going way up. The equation for Aggregate Demand (which equals GDP) is simple:
Aggregate Demand = Consumption + Investment + Government + (eXports – iMports)
Trump is greatly increasing the “Investment” component because foreign producers will be reshoring their production. At the same time, the tariff settlements that Trump negotiated will be getting foreign governments to underwrite U.S. investments, which will further enhance Investment.
The rise in investment will cause an economic boom, no matter what the Federal Reserve does in order to keep interest rates high in an attempt to shrink both “Consumption” and small-business investment.
As business investment increases, the demand for workers and for construction materials to build the new factories will be enormous. And once the new factories are built, the “iMports” component (which subtracts from Aggregate Demand) will go down, driving Aggregate Demand up yet again.
I majored in econ and have studied monetary systems and banking for forty years. Let’s clear up some misconceptions:
♦ FED. The Central Bank controls interest rates.
This is incorrect. The Fed determines the overnight lending rate within an interest rate band and that’s it. All other interest rates are determined by the market, which is why one can get inverted yield curves: the market, at the longer end, doesn’t agree with what the central bank is doing at the short end.
♦ FED. The Central Bank (FED) does not control inflation.
Correct. Although it does have a hand in creating it. Bank rescues for eg. Monetization of government debt for another.
♦ BIG BANKS. The credit creation by institutional banks, the creation of money, does create inflation.
Incorrect. Payment of loans extinguishes the money that was created to loan out. There is temporary stimulus, but that’s it.
♦ BIG BANKS. Money created by institutional banks does not come from the FED.
Correct. It is created ex nihilo. Also, in practical terms for approx the past twenty years, there is no fractional reserve requirement. However there are now balance sheet constraints.
♦ BIG BANKS. Money created by institutional banks, via credit creation for asset purchases, creates inflation.
Unless you are talking about some specific sort of asset purchase, this is generally incorrect. There would still need to be a demonstrable income stream to service the debt, which would extinguish the new money as that debt is being serviced.
♦ BIG BANKS. Money created by institutional banks via credit creation for consumer spending (loans and credit cards), creates inflation.
Incorrect. See extinguish comments above.
♦ TRUMP. Money created by regional banks via credit creation for Main Street development, expands GDP, creates revenue and does not create inflation. Additionally, money created by tariff incomes and money delivered by foreign entities to the U.S. treasury for tariff offset purchases, do not create inflation.
ALL money creation expands the GDP, assuming it is spent productively and not sitting in the account losing money. What Trump means is that he would prefer to stimulate the Main Street economy rather than further financialization. Wall Street does create growth–for Wall Street–and expands the GDP, but those dependent on the non-financial economy will see no real benefit, except to their 401Ks.
As for the tariffs, taxes are never inflationary, rather always deflationary. It seems that only I and Daniel Lacalle understand this, but such is the state of economic knowledge amongst the general punditry. Money is not created by tariff incomes, but is existing money re-directed to pay tariffs. These tariff payments may be absorbed by the various links in the supply chain (which is not payment but a willingness to accept a lower price as are the next two items), by FOREX changes, by accepting lower profit margins… and by the end-consumer. All tariffs that are beyond the ability for forex or supply chains or profit margins to absorb are paid for by the end consumer in higher prices. All tariffs where the extra costs are absorbed earlier in the sales process are paid for by the end consumer, they just don’t see the payment because the price increase was absorbed.
Higher prices do not mean inflation, despite the MSM’s insistence on this link. Given any set supply of money, if one set of prices goes up, the others must decline. Which is why no tax or tariff is ever inflationary, nor is any adjustment to a product’s supply and demand curve. Inflation is always a monetary phenomenon. ALWAYS.
As for the principal source of inflation? Ask yourself who doesn’t extinguish their debt. Add Fed monetization, bank rescues and repo window collateral bailouts (some of QE), and pricing distressed assets at face value rather than market value.
and money delivered by foreign entities to the U.S. treasury for tariff offset purchases
I should add that foreign entities do not pay tariffs. Domestic importers pay them. Not sure why so many get this wrong. Tariffs are a tax on Americans, not foreigners.
Jerome Powell – Bad Driver