Regardless of how you feel about the Federal Reserve Board, I think we would all agree the construct of an autonomous central bank is outside the boundaries of our constitutional framework. Factually, the Sea Island financial group set up the Federal Reserve as a system of control over the U.S. economy that was completely unnecessary.
That same ultra-constitutional mindset of omnipotent power permeates the recent statements by FED Chair Jerome Powell, who now attempts to evade a Dept of Justice investigation by hiding behind the ruse of his non-elected office.
Last year, facing ridiculous cost overruns, Congress questioned Powell over the insane spending proposal by Powell for a new office building. Chairman Powell characterized the construction changes, that escalated the cost of the project from $1.9 billion to $2.5 billion, as ‘minor modifications.’ That’s $2.5 billions of taxpayer money.
A referral to the Dept of Justice was made [SEE HERE] following Powell’s testimony. Things got ugly quickly when President Trump, a builder and renovator himself, took exception with the scale and scope of the ridiculous spending plan.
In an effort to both use his office as a defense, and simultaneously weaponize the power of his position, Jerome Powell waits until Sunday evening to announce he is being investigated by the DOJ [SEE HERE], and then he claims it is political targeting.
.
[Transcript] – “Good evening.
On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings.
I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law. But this unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure.
This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress’s oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.
This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation.
I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people.
Thank you.”
Most Americans do not understand what the Federal Reserve Bank does, let alone grasp the concept of how the Federal Reserve construct has been weaponized against their economic interests.
Ultimately, at the core of the issues with the FED is the need for power and control by those who exist in the strata of high finance and banking; essentially, the originating assembly we call the Sea Island group. This group, in synergy with the Federal Reserve, operates to control the U.S. government through monetary policy. There is no other reason for the group to exist.
There’s no reason why banking (interest) rates cannot be localized, determined by each financial institution according to their specific area of focus, and the control of capital outflows determined at a level closest to the Main Street enterprise.
For decades a growing number of voices have been against the FED control over U.S. monetary policy. However, the independent fiat of the FED is defended by all the beneficiaries of the controlled financial system.
Jerome Powell has consistently been politicizing his office through the use of policy. Now, he is claiming to be the victim of politicization, because he is being subjected to the same investigative rules that would apply to any other financial institution head who was guilty of fraud and/or mismanagement.
END THE FED – wouldn’t that also be part and parcel of ending the IRS and stop stealing our tax monies?
Repeal the 16th Amendment and END the FED!
Nothing less, like a cancer it will return with a vengeance.
Ivermectin!
Good for ridding the body of parasites!
True on several levels!
A Brave AI search, on a basic question of taxes we pay, the problem is in the first sentence:
Federal tax laws in the United States are established by Congress, which enacts them through the Internal Revenue Code (IRC), found in Title 26 of the United States Code. The Internal Revenue Service (IRS), a division of the Treasury Department, is responsible for administering and implementing these laws, including making annual adjustments to tax brackets, deductions, and credit values to account for inflation. These adjustments are based on the Chained Consumer Price Index (C-CPI), which the IRS uses to prevent “bracket creep” as inflation increases. The IRS publishes updated tax parameters, such as the 2026 federal income tax brackets, through official guidance like Revenue Procedure 2025-32.
The American Colonists rebelled against paying 1% to 3% of their income per annum in taxes to Great Britain, and declared “No Taxation Wuthout Representation!”
How is the situation of We The People different?
We pay much more in taxes.
We are no longer represented in the Federal Congress because each House member has on average 750,000 constituents.
The progressive era Federal Constitutional Amendments, laws and regulations, reduced State powers and increased Federal spending, Federal debt, and vastly increased the size, scope, and cost of the Federal government.
I don’t think our Founding Fathers nor the majority of Americans in the colonial era, would approve.
one cannot exist meaningfully without the other. tariffs are the entry point, but eventually we will have to radically shrink government, which no one seems interested in.
This was discussed last night with people in the know. Congress needs a cleaning out asap. They themselves along with the FED will bankrupt the US. They fail to realize Trump already bankrupted the U.S. and took action so the Fed and government can never do again. Trump always has a plan and he’s patient enough to fulfill his plan.
The case is being made over and over and over again. Eventually, criminality within the Fed will be exposed. There will be evidence of collusion with foreign banks and that their “independent policies” are not aligned with the public interests but in the interests of international banking.
the Fed is owned by International banking interests. All Fed profits go to those international banking interests, Calling it the “Federal Reserve” is a sleight of hand intended to fool the American people into thinking it’s a government agency. It is a lucrative business to be able to print US money (digitally) and receive interest from the US taxpayer on trillons of dollars that cost the Fed nothing to print. Wouldn’t you fight hard (against the American people) to retain that concession? International banking interests support the Left. They are entrenched and will be hard to overthrow but the Fed definitely NEEDS to be abolished.
Putting us in a debt of 39 trillion to feed the International Banks…….sounds about right.
Fraud permeates Federal spending. We The People should demand repeal of the coercec Federal Income tax, so that we are not forced to fund fraud.
True, Congress has gotten away with this for decades
re: “Repeal the 16th”
And 17th for sure, and consider the 19th too …
16 Amendment, 17th Amendment, Federal Reserve all came into existence in 1913.
Democrats controlled House, Senate, and Presidency.
Very bad year for the Republic.
Getting rid the the Federal Reserve Act doesn’t need a Constitutional Amendment, but I don’t think Congress has the will or the knowhow to set monetary rates and policies.
Hear! Hear!
Put in simplest terms, the IRS is a vehicle ,like the welfare system, in order for the ruling class to steal our hard earned income.
Yeah. Powell would have us believe he would never enact monetary policy to damage a president he doesn’t like. Or use a bottomless renovation budget as a slush fund
he’s the first DC insider without a strong opinion either way on politics!
All consumer debt is driven by the decisions of a bunch of PhD’s that can’t properly manage the renovation of one building.
The fact that Powell lied about the renovations is the focus here; what he classify as ‘minor modifications’ to the sum of $2.5 billions on taxpayers’ money. All he does is label this investigation as ‘political targeting’ .
The media runs with it; from unnamed sources and “people familiar with the matter”.
We will see.
Here’s one from Bloomberg 7 hours ago
Bloomberg are reporting that Federal Housing Finance Agency director Bill Pulte was “a driving force” behind the Trump administration’s decision to subpoena the Federal Reserve, according to people familiar with the matter.
They say:
“The head of the typically staid FHFA has been a vocal force within the administration, pushing controversial housing policy ideas and investigating Trump’s foes for mortgage fraud. Pulte submitted a criminal referral to the DOJ about Fed Governor, Lisa Cook, that is at the root of Trump’s push to fire her. The Supreme Court is set to take up the Cook case later this month” ..
A senior administration official said DOJ, not Pulte, is behind the subpoena which relates to Powell’s congressional testimony about Fed building renovations. The investigation is being run by the US Attorney’s Office for the District of Columbia, according to people familiar with the matter.
US Attorney for DC Jeanine Pirro signed off on the investigation into Powel. Signing off on an investigation does not necessarily imply guilt or innocence. It simply indicates that the process has been completed and the decision has been made to either close the case, take no further action, or proceed to formal charges. In some cases, such as those involving allegations of harassment or workplace misconduct, the investigation may be required by law to be documented and retained for years in case of future complaints, even if the individual has resigned.
In summary, signing off on an investigation signifies the formal conclusion of the process, with the decision to close the case, take no action, or proceed to formal charges, depending on the findings and jurisdiction.
Question: how can Powell rehab a Federal building that is owned by the US. If it our building wouldn’t he need approval to do this?
No, while buildings may be on federal land (subject to certain oversight due to historic status, the Feds have asserted that it is not legally required to get approval from NCPC for its renovation projects. They maintain that under the Federal Reserve Act, its board of Governors has sole authority over its real estate decisions. Any cooperation with the NCPC they consider voluntary, not mandatory.
The Federal Reserve’s renovation project is funded through the Fed’s own income, primarily derived from interest on securities held in its portfolio; and fees for financial services, rather than direct taxpayer appropriations. The Fed generates substantial earnings from these sources, and after covering its operating expenses—including projects like the headquarters renovation—any excess profits are remitted to the U.S. Treasury.
This financial structure underscores the Fed’s operational independence, as it does not rely on congressional budget allocations. In 2025, the cost of the headquarters renovation had risen from an initial $1.9 billion estimate to $2.5 billion due to unforeseen conditions such as asbestos, soil contamination, and a high water table, according to the Fed’s public statements. Despite criticism over cost overruns, the funding mechanism remains internal to the Fed’s budget. BY LAW, the Feds must return its net earnings to the Treasury after deductions of expenses – that means also even the large expenses like this particular one do not directly burden taxpayers though they reduce the surplus amount transferred annually to the Treasury.
The subpoena as it relates to Powell’s congressional testimony about Fed building renovations, is investigation into guilt of fraud and/or mismanagement …
“Jerome Powell has consistently been politicizing his office through the use of policy. Now, he is claiming to be the victim of politicization, because he is being subjected to the same investigative rules that would apply to any other financial institution head who was guilty of fraud and/or mismanagement” (as SD points out above).
But Powell gave the worst President Bidan, favors and reduced the rates. As if Biden was really doing something that was a benefit. That has to be understood by the people
Jerome Powell is an over-rated political hack. His importance is WAY overblown, yet financial news like CNBC, perpetuates the mythical importance of a horse’s ass with headlines like these:
Gold vaults to record $4,600/oz as Trump-Powell clash unnerves investors
Dow futures fall 300 points as Trump’s DOJ opens criminal investigation into Fed Chair Powell
Treasury yields increase after DOJ Powell probe raises concern about Fed independence
I guess US stocks are going on sale this morning. Powell under investigation is a laughable pretext for US markets to react negatively. European and Asian markets are up following Powell’s pathetic stunt.
markets that are hyper-sensitive to even the smallest movement by the fed are broken markets.
He’s pretty much like a DEI hire.
They don’t just come in colors.
Thinking back didn’t PT appoint Powell? Was PT trying to play in their political playpen? I guess PT realizes playing by their rules doesn’t work out. This is yet another Domestic issue I hope he addresses in a BIG way.
You’re right. Another appointment made in reliance on people who didn’t have the USA’s best interests in mind. Kind of like Chris Wray, another serious dud.
Besides Bondi and Patel, I think Trump’s doing much better than this term than his first.
Pence Traitor
Based off track record and current body count, no doubt our President prevails in fight against Powell.
My only question, “Does Rubio’s busy schedule afford time to fill vacancy?”
Ha ha!! Thanks for that great question. Marco is probably checking his calendar as we type.
President Trump should not sleep until there is full accountability for the guy who appointed Powell.
uh, Trump appointed Powell…….maybe who ever recommended he do so should be looked at….
Whar 4 Administrations has Powell served under?
2 Trump terms, 2 Biden terms
Now I’m really confused! Biden didn’t serve 2 terms, thank our good Lord.
Obama nominated Him to the Board. PT appointed him Chairman.
I think that sometimes the President has an idea in his mind of what he’s trying to do with someone and sometimes it doesn’t work out that way.. like the paint color that looks good on the card but then looks gawdawful when you do a whole room in it.
It didn’t wind up going how you thought it would.
The other thing here is the dealmaking that goes on behind the scenes..
The bankers saying to him “You give us this guy and we’ll do this for you”.
Trump saw what he was getting as more valuable than what he had to give up for it, so he does it. (probably with a plan in place to deal with what he had to do to get his deal).
This is the way it all works..
Recommended by Mnuchin….👀
Mnuchin is good though.. as in he did well by Trump last time.
Powell strikes me as someone that would be easy to capture and then control.. he may have been good at one time but now he’s an owned puppet it appears.
or, learn lessons from your staffing mistakes and stop doing certain things?
Maybe?
Trump said Steve Mnuchin (Trump’s 1st Sec. of Treasury) recommended him.
May be never since moronic Sen. Tillis-Repug NC, said this m9rning he would block whoever PDJT nominates going forward. Your GOP in action….Ain’t it great…
Then he should nominate someone who already has Senate confirmation and bypass Tillis’s some arse.
Interesting…Plenty of good folks on TEAM Trump. It might be a temp deal that way, but at the end he can shyte can the fed. Also, at the same time, nominate tillis for the rendition program. Two birds with one stone…..
another job for Rubio?
President Trump should give Rubio all the positions
whereby the repubs won’t pass his nominations
and then Rubio can hire others to actually do most of the work
When Thom Tillis is shrinking like a stuck pig, you know you are directly over the target.
We all need to overload Thom’s office with complaints.
We all need to do that, to everyone of these demons, and make our voices heard.
President Trump is one man the media and leftists say no one supports. Maybe it’s time we make our voices heard — no matter what state we’re from.
Here’s Two-faced Thom’s direct Senate phone number, for any who’d like to join me in calling —
(202) 224-6342
MAGA needs to form a formal activist group with leadership. Then we can use and pay for all forms of education through media., even billboards in places like NC. Our grumbling on places like the TH is good for the soul but does not reach the masses.
Senator Tillis thinks his sh!t don’t stink. He aligns himself with the big club.
is Tillis…on MADURO’s favor list/payroll of US Senators ???
I thought no he deserves a vacation!
LOL. Perfect.
This picture says it all, it really does.
Now THATS funny. 🤣🤣🤣
Can’t we get someone who looks HEALTHY in these position of power?
Fed chairman looks like warmed-over death …
This is a theme in DC- people in high places that should be in assisted living facilities.
Federally chartered private bank. Enslaving us with debt
since X-MAS night 1913….
Many bad things happened in 1913.
1913: The Horrible YearFor all the problems America had prior to 1913 (including the unnecessary and horrifying Civil War), nothing spelled the death of the nation like the horrors of 1913.
Here are the key dates:
February 3rd:The 16th Amendment to the United States Constitution was ratified, authorizing the Federal government to impose income taxes on individuals. An amendment to a tariff act in 1894 had attempted to do this, but since it was clearly unconstitutional, the Supreme Court struck it down. As a result – and mostly under the banner of bleeding the rich – the 16th amendment was promoted and passed.
As a result, the Revenue Act of 1913 was signed into law by President Woodrow Wilson in October. Income taxes began in 1914, with the government swearing (as in, “only a crazy person would say otherwise!”) that the rate would never, ever go higher than one or two percent.
And, by the way, the amendment was introduced by Senator Aldrich of Rhode Island, to whom we’ll come again shortly.
April 8th:The 17th Amendment to the United States Constitution was ratified, taking the powers of the states and transferring them to Washington, by mandating the popular election of senators.
Previously, senators were appointed by state legislatures, which, by design, restrained the power of the national government. This change gave political parties immediate and massive power, nearly all of which was consolidated in the city of Washington.
December 23rd:Woodrow Wilson signs the Federal Reserve Act, which had passed Congress just the previous day. This system – called the Aldrich Plan, and promoted by Senator Nelson Aldrich of Rhode Island – gave a monopoly on the creation of dollars to a consortium of large banks.
The Act was passed, by the way, in the name of financial stability.
https://freemansperspective.com/1913-america/
Wilson’s administration did great damage.
Thanks mycroft.
Most welcome.
Yeah.. nodding yes.
The Communist Party USA (CPUSA) formed in September of 1919- right around this time- no doubt in connection with what you are saying.
I’ve often said that this period is when we lost the country.
Not to mention the GREAT flood in Dayton, Ohio.
Great example of taking care of yourself.
Money was raised w/o fed gvt and five dams were built and problem solved.
I lived and worked for 30+ yrs in Dayton and to this day you can see mud marks from the flood.
🎯
The Fed has always been, since its inception the globalist “governor ” of the United States of America.
Free the USA from the Fed.
this is a great opening salvo toward that end.
FREE FREE USA!
Hey, weasels gotta weasel right?
SC Senator Thom Tillis has already commented. He is once again a king. He’s already put his hold on DHS appointments now he’s put one on federal appointments including a new federal chair.
No kings indeed. Unless they’re senators. Or federal judges.
He has to try to find a way to profit from it.
He’s not running for reelection so he’s the designated fall guy for the other 50 who don’t have the guts to show their constituents who/what they are.
Unfortunately, NC not SC. I live within that a$$-hat’s domain.
Oops then I take my comment back. NC is pretty iffy these days. Not that I’m a fan of Graham either.
You’re correct, thanks.
Unfortunately, neither state has representation that reflects the will of the people.
Right. SC has Miss Lindsey, who never met a war he didn’t like.
I suppose he got his nose back when they did an autopsy on McCain’s rectum.
Me too. Spit!
He needs to go. My Senators suck, but I’m in a blue state. He’s a red MAGA traitor.
Withe founding of the Fed, the United States became a corporation
Yup. The constitution states it is FOR the United States. When the FED was created it turned to OF the United States.
That actually occurred in 1871. But not quite the way it sounds..
Read this page:
https://www.educatedinlaw.org/2019/02/united-states-is-a-federal-corporation-says-u-s-code-title-28/
But please use Brave browser or make sure your browser’s ad blocker is turned on. The page is heavily peppered with annoying ads that interfere with reading the article without the ad blocking activated.
Brave blocks lots of annoying interruptions.
It allows me to watch YouTube movies without any commercials.
This site was intolerable, with gesticulating pop-up ads. Once we switched to Brave, they vanished.
Why is he afraid of an investigation?
Didn’t we hear for years that, if you are innocent, you should welcome a thorough investigation?
Or does that only apply to Trump?
Yeah, if he’s got nothing to hide why is he hiding? And if he had nothing to hide wouldn’t he encourage an investigation that would result in embarrassing the President?
Just PDJT & the hoi polloi. . They have all exempted themselves from investigation.
you jest, but this is the heart of why you should NEVER speak to or “cooperate” with any level of LEO. if they want or need a scalp, they will find something. do not assist.
100% correct the process of seeing ones name against something they used to be involved with is unnerving at best. Let’s say for example you used to be a dealer for a large company they tell you to do something you do the thing then they sue you for everything you have.
Not that Powell ought to get away with his fraud but the LEOs will use everything you say against you. LAWLIERS are in on it as well a corrupted system we have.
Exactly. Their #1 job is actually to protect & provide revenue for their civilian authority.
I was given that very same sound advice decades ago & I’m glad that I listened & taught my kids to do the same.
That doesn’t grant permission to be belligerent or disrespectful just permission not to participate any further than required.
Then who?
This is the most important thing PDJT can do . Shine daylight on the FED and hopefully end their extra-constitutional reign.
He seems to be looking in the direction of the City of London much as Promethean Action says.
Even with PDJT’s focus on Greenland, there seems to be a connection. With all his concern for security of America in our hemisphere, I have been looking at a map of the world and can’t help noticing that our weakest point is our huge border with Canada. At the same time, Canada reaches to the Artic just as well as Greenland. If we owned Greenland, Canada would be surrounded by the US completely- Alaska, Greenland and the US. Is he really after Canada? If not why leave a country that is run by the Bank of England literally and overrun by Muslims and Chinese at an unprotected border?
I really hope he is saving our punishment for last. Make an example of our disgusting CCP, CARTEL run country.
London is our ENEMY.
EUROPE is too. Watch Trump torture those Evil WEF Goons Macron, Starmer, now Meloni. All Warmongers that should be in Prison for sending Men to die for a Fake War of defending Ucrania’s Democracy of one party rule, no Press, no elections and no Christians eventually…
All for a little queer who plays piano with his dick. He can’t even reach the black Keys…
FILTHY SHORT LIBERALS
He can’t even reach the black Keys…hahahahaha
Eventually it will be block of countries MEXICO, USA,CANADA ,GREENLAND……before end of VSGPDJT term….like it or not.
If the US makes all the northern (mostly unoccupied) territories of Canada just an extension of the State of Alaska, then the slice of Canada that is populated can remain the Nation of Canada — although Alberta would then ask to come in to the Union as a State. Perhaps Manitoba and Saskatchewan would as well, perhaps as an additional State.
All the national defense protections and minerals, but without the 40 million problematic Canadians in Ontario and Quebec becoming US citizens.
Win win.
We control the access to a mostly cut off Canada
My state borders Canada, we know them well obviously.
I’ve said for my whole life that Canada is a big problem for us- the border in particular. It’s massive and there is damn near nothing there.
During all that talk about Trump’s wall down on the Southern border- I was posting constantly that we don’t even have a goddamned fence on our massive Northern border- which is where they’ll all try to bust in next !!
YES it’s an issue, a massive one.
I flagged you for using God’s name in vain. Use any other curse word you wish & I won’t flag you. Sorry, I know that you usually don’t do this.
Grubby schmuck
So if Powell is fired and Tillis blocks his replacement, does that mean that the Fed Reserve is placed in limbo and can not conduct business until a new head is appointed? other than not being able to lower interest rates, is this a bad thing?
EXACTLY! Just like the 10% APR Cap on credit cards PDJT has the swamps head spinning as they defend credit card abuses and shut down the Fed on their own.
i certainly agree the high interest rates are abusive… but we should be prepared for the unintended consequences, also. i suspect a good 60-80% of people with credit cards are not worth the risk at a certain threshold, and credit rates are ultimately just a representation of a person’s creditworthiness and risk level. if even a quarter of america’s credit was snapped back, we’d see the results immediately.
“Creditworthiness” ..Shackles imposed on a promised “The Good Life” by 3 entities that determine not only your “credit score”, (think China), but whether you are worthy of that job or better interest rates.
Ever try to make heads or tails on how those entities set your credit score? I have and it is crooked. Things that we need in life were made unaffordable unless you have a good credit score.
Interesting that these 3 entities supposedly protect your private information and are trusted to be 100% accurate, have put your privacy up for grabs.
Everyone should put a Credit Freeze on all three. it is simple to unfreeze if absolutely necessary. Put them out of business. They are like the FED and need to go.
Haha. My bet is that Powell stays in place until a new chair is appointed.
Yeah, like when someone is whining about “gridlock” on capital hill like that is a bad thing! Do we really need any new laws? Especially written by these retards? LOL.
If there is one man on this planet who understands construction and property renovation, that man would be someone who made billions of dollars (as a private citizen) doing it. It would not be ethical for the Trump Companies to enter a bid for the renovation, but anyone could tear the damned thing down to the ground and rebuild it from scratch for less than this.
It’s like every other damned thing in our government today: everybody has their hands out, and pays tribute to the top dogs.
Finally, PDJT is FED UP with the FED and it’s time to get rid of it and the Jerome worm.
….he get warning last summer….
Does this tie into the Trump announcement of wanting to cap credit card interest at 10% for a year, I wonder?
It certainly pokes the Banks in the eye.
If you think the U.S. was better off prior to 1913 in terms of bank failures, runs on banks, and financial depressions in this nation let me suggest you review a few U.S. history books on banking from 1789 to 1913. Then, all banks were independent, lightly regulated by their state of incorporation, and charged any interest rates and paid any interest rates they could get away with.
The Fed’s operations are overseen by Congress. It is self-funding and does not get funding from Congress. If it makes a profit, which it does most years, that profit is remitted to the U.S. Treasury. Cost over runs or any other malfeasance should be referred to the House and Senate Banking Committees for resolution. If they think a crime has been committed then they are the ones who should call in DOJ.
Good morning Jerome. Yes, we were better off before 1913 which is the year a general income tax was implemented.
heh. and definitely not a coincidence.
Hmmm. Right after the sinking of the Titanic. Funny that.
Now that right there is an interesting topic, YES.
So wrong in so many ways. Just look at how ineffective the FED was in preventing the Great Depression in the 1930s, and the 2008 crash in our own time. Or why JFK was murdered when he undercut the FED and issued silver certificates.
Personally, I think our dollars should say issued by the USTreasury on them and not issued by the Federal Reserve (which is what they currently say) .
The Federal Reserve is not a government entity of the USGovernment. It is a private, unelected entity connected to the City of London and global banksters.
We are going to have sound money again.
And no income tax.
This is the way.
They will fight, but we are ready.
I know someone who works for the federal reserve
and he is flying to London on a consistent basis
I have always thought that London is/has been
a constant source for many of the issues the world
and the US has – behind the scenes making evil work
Profits are property of the private owners of the Federal Reserve Bank since it was created, and those original owners/creators/investors, whichever you choose to call them, were Never publicly revealed. To this day they remain secret.
CONgress is the source of the criminal referral.
“The Fed’s operations are overseen by Congress”
If this is true, why is there no audit trail? I am not sure what oversight congress is providing?
Refer to the House and Senate Banking Committees? Like refer to the FDA and CDC about Big Pharma?
I’m thinking the high-flying “elites” are not having a good morning. You can bet Powell, who ISNT an economic elite, has been printing money like crazy to save his pals banks! Endless money printing will blow the Dollar outta the water. Can you say “hyperinflation”. Those who have actual gold and silver under the bed can see what’s coming. It’s gonna get ugly. And the “media” is going to be looking hard to see who the FED prosecutors are. Good Luck All!!
Rick – not a trick question – but how much national debt is enough? 20 trillion. 40 trillion, 80 trillion?
So dose it really matter who is in charge of the brothel?
The whole western world is on a downward slope to BANKruptcy.
So how are you going to keep safe + trade that physical gold and silver under your bed?
If the Fed wants to be truly autonomous, let them build and pay for their buildings/renovations themselves.
or at least……pay rent……
They can combine a couple of double wides for all I care.
Of course outlets like Bloomberg attack anyone who tries to do proper investigative journalism or who expect the same accountability from government officials as from private sector bosses.
Hey, Powell, if Trump is being political, then what the hell were you and Biden doing lowering rates right before an election????
Why is taxpayer funding being used besides the lawmakers were corrupt angle?
This is long over-due, there shouldn’t even be a Fed.
Where do see the requirement of a Fed in your Constitution?
FILTHY LIBERALS.
I want to reach through that screen so bad.
The sound of his mouth dry from nerves is super annoying. I hope they give him a suppository of red tape and process.
The process is the Punishment for FILTHY LIBERALS now…
Reality check required here…………………………………….based on what has happened and been said by DJT and surrounding accolades, the entire administration/system is “outside the boundaries of our constitutional framework”!!!!!!!
Be careful what you cheer for. This current war between the ‘bull elephants’ in Washington will eventually reach your own main streets.
Real war is messy, don’t encourage it!
Hyperbole much?
It’s time for the Andrew Jackson treatment for the Fed
Oh, political targeting, Jerome, you don’t say…
It’s not but regardless 2021-2025 political targeting was cool…just ask Trump and those in his orbit, but
sure…sure 👍
The ”FED” was called the ”First Bank of the United States” in 1791.
https://www.google.com/search?client=firefox-b-e&q=the+first+bank+usa
”Structure: A mix of public and private ownership, with the government owning 20% and private investors the rest.”
——–
First Bank of the United States
https://en.wikipedia.org/wiki/First_Bank_of_the_United_States
”They were national insofar as they were allowed to have branches in multiple states and lend money to the US government.”….”Furthermore, they (Jefferson and Madison) contended that the creation of such a bank violated the Constitution, which specifically stated that Congress was to regulate weights and measures and issue coined money (rather than mint and bills of credit).[15]”
——–
Because Congress did not renew it after 1811, the 1812-1814 British-American war broke out.
The American Charlton Heston (Andrew Jackson) allied with the Russian Yul Brunner (French pirate Jean Lafitte) and defeated (on screen,too) the British in New Orleans….
——–
”In 1816, the bank was succeeded by the Second Bank of the United States.”
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Second Bank of the United States
https://en.wikipedia.org/wiki/Second_Bank_of_the_United_States
”In its time, the institution was the largest monied corporation in the world.[6]”
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https://www.google.com/search?client=firefox-b-e&q=Second+Bank+of+the+United+States.
”Headquartered in Philadelphia, it was a private institution with public duties, acting as the government’s fiscal agent before its charter expired in 1836.
Controversy & Demise
Bank War: President Andrew Jackson fiercely opposed the bank, viewing it as an unconstitutional, elitist institution favoring the wealthy over common people.
Veto & Expiration: Jackson vetoed the bill to recharter the bank in 1832, and its charter expired in 1836, ending its central banking role.”
McCulloch v. Maryland (1819): The Supreme Court upheld the bank’s constitutionality, but political opposition continued.”
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Andrew Jackson
https://en.wikipedia.org/wiki/Andrew_Jackson
”Jackson faced a challenge to the integrity of the federal union when South Carolina threatened to nullify a high protective tariff set by the federal government. He threatened the use of military force to enforce the tariff, but the crisis was defused when it was amended. In 1832, he vetoed a bill by Congress to reauthorize the Second Bank of the United States, viewing the Bank as a fourth branch of government run by the elite. After a lengthy struggle, the Bank was dismantled. In 1835, Jackson became the only U.S. president to pay off the national debt. After leaving office, he supported the presidencies of Martin Van Buren and James K. Polk, as well as the annexation of Texas.
Opinions about Jackson are often polarized. Supporters characterize him as a defender of democracy and the U.S. Constitution, while critics point to his reputation as a demagogue who ignored the law when it suited him.”
”On June 18, 1812, the United States declared war on the United Kingdom, launching the War of 1812.[77] Though the war was primarily caused by maritime issues,[78] it provided white American settlers on the southern frontier the opportunity to overcome Native American resistance to settlement,
undermine British support of the Native American tribes,[79]
and pry Florida from the Spanish Empire.[80]”.
”In January 1835, Jackson paid off the national debt, the only time in U.S. history that it had been accomplished.[306][307] It was paid down through tariff revenues,[290] carefully managing federal funding of internal improvements like roads and canals,[308] and the sale of public lands.[309] Between 1834 and 1836, the government had an unprecedented spike in land sales:[310] At its peak in 1836, the profits from land sales were eight to twelve times higher than a typical year.[311] During Jackson’s presidency, 63 million acres of public land—about the size of the state of Oklahoma—was sold.[312] After Jackson’s term expired in 1837, a Democrat-majority Senate expunged Jackson’s censure.[313][314]”
”In the 1920s, Jackson’s rise to power became associated with the idea of the “common man”.[394] This idea defined the age as a populist rejection of social elites and a vindication of every person’s value independent of class and status.[395] Jackson was seen as its personification,[396] an individual free of societal constraints who can achieve great things.[397] In 1945, Arthur M. Schlesinger Jr.’s influential The Age of Jackson redefined Jackson’s legacy through the lens of Franklin D. Roosevelt’s New Deal,[398] describing the common man as a member of the working class struggling against exploitation by business concerns.[399]”
”Jackson’s legacy has been variously used by later presidents. Abraham Lincoln referenced Jackson’s ideas when negotiating the challenges to the Union that he faced during 1861, including Jackson’s understanding of the constitution during the nullification crisis and the president’s right to interpret the constitution.[400] Franklin D. Roosevelt used Jackson to redefine the Democratic Party, describing him as a defender of the exploited and downtrodden and as a fighter for social justice and human rights.[401][402] The members of the Progressive Party of 1948 to 1955 saw themselves as the heirs to Jackson.[403] Donald Trump used Jackson’s legacy to present himself as the president of the common man,[404] praising Jackson for saving the country from a rising aristocracy and protecting American workers with a tariff.[405] In 2016, Barack Obama’s administration announced it was removing Jackson’s portrait from the $20 bill and replacing it with one of Harriet Tubman.[406] Though the plan was put on hold during Trump’s first presidency, Joe Biden’s administration resumed it in 2021.[407]”
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In 1911 the economic giant Standard Oil Company of New Jersey was dissolved.
In 1912 ”Titanic” sunk and 123 passengers (mostly men) of the first class died, including John Jacob Astor IV, Benjamin Guggenheim, Isidor Straus and George Dennick Wick, opponents to the formation of a Central Bank.
https://en.wikipedia.org/wiki/Titanic_conspiracy_theories
https://en.wikipedia.org/wiki/Passengers_of_the_Titanic
In 1913 Woodrow Wilson was sworn in as President of USA.
FED resurfaced on December 23, 1913, (Friday), when the half empty Congress voted the Federal Reserve Act.
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Since then the note of a private company, whose headquarters are in the United States of America, is lent with interest to the American Government, with the 2025 interest of its 38 trillion dollars national debt reaching almost 1 trillion dollars.
There is no American State Note.
There is no country in the World (except, maybe, Cuba, Iran and North Korea), with ts own STATE note.
Every note in circulation is the note of a totally by law independent private Central Bank.
So, the Lender is right…
”Why not simplify my finance logistics ?”
”Why not join all my debtors in ONE giant empire ?”
Well, whoever disagrees, let him study the biography of President Andrew Jackson…
He looks like a weasel, sounds like one and acting like a trapped one, furiously trying to get out of it.
To many people have been brainwashed by the “Creature from Jekyll Island” book instead of actually looking and studying the history of the actual documents from 1913 and most clearly don’t understand, including our heroes, how the original Fed was set up, how was taken over by Congress during WW1 and finally being overhauled in 1935 thanks to President Roosevelt turning them into a quasi independent central bank.
Keep on believing the BS, they count on that.
what is your summary of how you see it going down?
You can tell a tree by the fruit that it bears.
Out of control taxation and 39 trillion debt.
It sounded good on paper, the execution has not delivered. We got the opposite of the promise, debt slavery. Fed converts public debt to private profit, incentivizing over spending and expansion of government.
Thank you Sen Tillis for being such a team player. NOT!
If you dont know about the FED it’s time to understand how the rich stay that way. This blows open the entire fraud.
blob:https://theconservativetreehouse.com/b312fa0e-14f8-4ffc-9a27-35add51a25b1
A link for the PDF
Being only 50 years old, I remember my grandfather doing business at our local bank when I was a kid.
SIS bank (Springfield Institution for Savings).
His mortgage from that bank was about 60 bucks a month.
Then I remember the larger banks started buying up all the small banks.
I never had seen a Bank of America until I was in my twenties.
Honestly, I’ll say i everyone I have no idea how banking works or what the federal reserve does.
I’m sure my grandfather didn’t know what the federal reserve did either.
All I can say is my mortgage is 1000+ a month for half the land that grandpappy owned and a 800 sqft house which is half the size.
60$ month vs. 1000+ a month.
Who’s getting their ass handed to them?
“There’s no reason why banking (interest) rates cannot be localized, determined by each financial institution according to their specific area of focus, and the control of capital outflows determined at a level closest to the Main Street enterprise.”
Sundance, if you just took the time to read the original documents in 1913, you’d finally see that that is how exactly how they were set up on what you just wrote above.
Eliminate the middleman.
https://usdebtclock.org/
Check out the free E book.
First off, the fed is not independent, it is a lackey that allows the federal government to constantly spend more than it takes in. Second, it is the cause of the rampant inflation cycles of the last 50+ years that is destroying the middle and lower classes. Thirdly, it has destroyed the value of our money which is by definition supposed to be a store of value. Truth is it’s not how much you earn it’s how much your dollar can buy. Example: My son bragged to me how much he made at $8.50, minimum wage at that time, an hour asking me how much I made when I was his age. I said $1.65 an hour, minimum wage at that time. He laughed. I then told him that the $1.65 an hour I made bought me 5+ gallons of gas at $.30 per gallon. Oops, his $8.50 could only buy 2 gallons at roughly $4.25 a gallon. Game, set and match for Dad.
Fisheggs, they don’t allow them to spend more than it takes in, the FED has no control over the fiscal side of that ledger. They only control the monetary side which is why the FED has no control over interest rates because they are constantly battling your favorite politicians who have a serious spending problem, and it ain’t stopping.
But if people want to blame the Fed to feel all warm and fuzzy inside, be my guest.
If President Trump is able to control the Federal Reserve and completely remove its Quasi independence which used to 100% independent from its original formation, then everyone is going to see April 2025 Bond market collapse the likes we’ve never seen. So, get ready.
The fed monetizes the debt, enabling the excessive spending. Google “How the federal reserve monetizes government debt”
Then why was the Fed’s balance sheet so out of whack it had to reduce it?
Per Google AI: Fed balance sheet adjustment refers to the Federal Reserve shrinking or growing its holdings of securities (like Treasury bonds and mortgage-backed securities) to influence monetary policy, primarily through “Quantitative Tightening” (QT) to fight inflation by draining liquidity, or buying assets (QE) to stimulate the economy, with recent shifts to slow down runoff to maintain ample reserves and manage liquidity. The Fed reduces its balance sheet by letting maturing bonds roll off without full reinvestment, a process that began post-pandemic and has been slowed in stages.
The Fed was created during the Wilson administration. The first big salvo into more gov’t followed by, FDR, and LBJ, and some say BHO and his ObamaCare.
Let’s not forget the Fed as we know it came about after two failed attempts of a central bank during the 1800s, notably one during the Jackson Presidency, or the second bank of the US, and the battle with Biddle.
As we know Jackson detested big gov’t and believed a central bank positioned too much power in a few, opted for the notorious Jacksonian Democracy, where you make your way in the world with a plot of land, hard work and some livestock.
Anyway for Powell to cry its all political is laughable at best. What group cut rates by 50bps in September of 2024, and the vote was unanimous, for the explicit purpose of giving a failing Kamala campaign a lift and prime the economy. Do not work in DC and say you not political. The Fed has lost its luster under Powell, DEI crap that went on the past four years, and above all, group think.
And tell how an announcement timed on Sunday night is not political? Tool.
That’s $2.5 billion for an office building? Give me a break! Powell and company are very poor stewards of taxpayer money.
I hope they do the full FAFO on Powell.
The Fed did QEs to help their friends in the large financial institutions, and it went on and on. The made the returns on CDs and bonds so low, it forced risk adverse investors into higher risk investments like stocks.
The big players got to borrow money at near zero interest rates to buy hard assets while the masses get to pay the true interest rates with the resulting inflation.
It’s time to end the FED. They have debased the US dollar worth to a small faction of its worth when I was a child.
Not only do the PRIVATELY OWNED Banks of the FED control national monetary policy via their Controlling Interests in the FED, they also CONTROL the DISTRIBUTION and OWNERSHIP of the instruments that represent ALL the US NATIONAL Debt (held inside the US and Internationally).
It is the FED that brokers and auctions ALL US National Debt Instruments as a proxy for the US department of the Treasury.
It is the FED that occupies the “US Seats” on the WTO, WTF and WMF.
It is the FED that represents the US on board of the Bank of International Settlements (the BIS) in Basil, Switzerland.
It is US Fed Bank Entities that sit on the boards of and hold the funds of Regional Banking entities such as the African development Bank and Asian Development Bank.
In essence, the Banks of the FED holds and controls the distribution of shares in the Mortgage of the US Nation. The FED is the controlling financial arm of the US Puppet Masters.
If you get taxpayer money, you are NOT independent and subject to oversight from the Executive Branch and Congress. If you are independent, you get NO taxpayer money. This isn’t rocket science. You either accept taxpayer funds and the oversight that goes with them, OR you are independent and have no access to taxpayer funds. It’s that simple.
End the un-Constitutional FED.
Just like the USPS is “independent” until they run a multi-billion dollar deficit annually which the taxpayers cover for them. All these “independent” organizations are a boondoggle for somebody.
The public is simple if not just plain stupid. State plainly there are only three branches of government. The Federal Reserve, as a recognized part of the Federal Government, is under the Executive branch according to prior SCOTUS rulings. The legislature may create legislation which regulate the Federal Reserve but it is the executive branch which is charged with faithful execution of the laws created by the legislature.
That’s it. That’s all anyone needs to know. If they need a follow-up, the answer is “No, there are no ‘independent agencies’ not accountable to POTUS. All of the US government under the constitution is structured so that all government power is accountable to elected officials in government. POTUS is elected by the people (technically by the states, but in a practical sense by the people) Federal Reserve Chair is not elected but is nominated by POTUS and confirmed by the Senate.”
If a president could nominate and/or appoint people into government power which is not accountable to whichever current POTUS which may come next, then we are ruled, in part, by an unelected and unaccountable party. That is NOT Democracy.
This might be made more simple but I can’t imagine it being more clear. If you can state it more briefly such that US Idiots can understand, I’ll be happy to read it. I’m prone to using too many words. I know it. But I don’t know how to be accurate without them. Otherwise we end up with stupid and intentional misinterpretations of law like the second amendment as we do.
“‘When I use a word,’ Humpty Dumpty said in a rather scornful tone, ‘it means just what I choose it to mean – -neither more nor less.’
~Lewis Carroll, Through the Looking Glass.
I think you chose yours well, Daniel, to make the singular point that the Fed, which most (“stupid”…I’d choose to use “uneducated” instead) people fail to grasp, is constitutionally accountable.
Who appoints its head?
Who, with cause, can remove him or her?
Which constitutional body has legitimate oversight and requires it?
If it were independent, this “private club” as it obviously, arrogantly considers itself to be, would select its own chairman and tell Congress to take a hike.
To continue…
‘The question is,’ said Alice, ‘whether you can make words mean so many different things.’
‘The question is, said Humpty, ‘which is to be master – – that’s all.'”
And that is all.
Jerome “Humpty Dumpty” Powell, ignorant of the Constitution, believes himself to be “Master”.
He is not…
Time to make an omlette….
Good stuff there.
If Trump fired Powell and then loses in court, a VERY bad precedent would be established. Justice Roberts is very predictable in his propensity to betray the constitution on certain topics… that guy doesn’t age fast enough in my view. I would REALLY love to see a Chief Justice Clarence Thomas one day.
In any case, I think it seems Trump will see Powell gone one way or another.
He will see him gone.
But probably not until Powell’s term is up, which is just months away. I believe he won’t fire him, unless by virtue of today’s news…criminal investigation…he uses that as his “cause” to do so. Then onward to whatever Uniparty/DS/Lawfare handpicked court. Then?
Traitor Tom Tillis is threatening to block any Fed nominees if the investigation isn’t stopped.
It’s all too messy, time consuming, and disruptive (in my opinion) for a firing. Powell’s term will expire long before the whole thing plays out.
(But what do I know of the workings of President Trump’s mind…)
Justice Thomas, that Judicial paragon of Constitutional Law, has said he is weighing up retirement.
Ditto Justice Alito.
And now, just contemplating their departures, I feel queasy…
I’ve heard even ex-presidents get dragged before grand juries for allegedly political reasons. I’ve heard democrats’ #1 plank in the upcoming elections is to impeach the president, allegedly all for political reasons. I’ve heard that those who’ve associated with 45 have been indicted and imprisoned allegedly solely for political reasons. And I’ve heard that witch hunt has just possibly extended to county election clerks who’ve sought to verify voter rolls after elections with evidence of fraud….
I’d be happy with an independent Fed if it were competent. But, it lowered interest rates during 5% inflation six months prior to the 2024 election for political reasons. It’s current staff of 250 PhD economists predict 2.5% GDP when it just clocked over 5%. And if they really believed in a 2.5% economy, they’d have lowered interest rates to 3.0% at their last meeting. The Fed is a collection of political incompetents.
Powell, a longtime Washington insider, needs to put on a fresh set of Pampers and deal with the grand jury. If he thinks he can rally Main Street to his side by accusing the president of playing politics with, at best, circumstantial evidence in the face of questionable Congressional testimony, then he really is a fool that needs to be DOGE’d. It’s stupid to defend a $2.5B day care center for the Fed that’s 40% over budget, and he’s miscalculated badly again.
Fauci 2.0
An outstanding resource for understanding the background and foundation of the “Federal” Reserve is the excellent book “The Creature from Jekyll Island: A Second Look at the Federal Reserve” by G. Edward Griffin.
On X, I see a short movie posted by Bridgett Fertig that I’m led to believe is a synopsis of the book, or at least comes to the same conclusions.
The federal government has become a cancer on the living organism that is our republic since FDR. That living organism has done all it can to sustain itself. It calls any action against it politically motivated. It uses its arms, the media, to vilify any attempt to dismantle it. It has evolved into a malignant beast.
When a body has cancer, we do not rage against the one made to suffer – we attack the cancer. We cut, and treat, and selectively target the cancer to be removed. When the average person starts to see these actions against standing entities of the federal government, it cannot be unseen by anyone who has not made the cancer’s ideology (see: most modern media reporting) their entire personality.
Dissecting and dismantling is what we voted for. Those who get mad at the surgeon because of the knife do not understand the process.
I share your concern that our government has gotten way out of control.
My website suggests a constitutional way out of this mess.
I urge you look into http://usconstitutionalcouncil.org
And now Tillis is threatening to use this as a pretext to block any further Trump nominations to the Federal Reserve.
“If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve. It is now the independence and credibility of the Department of Justice that are in question.”
This is the same Tom Tillis who voted to confirm Merrick Garland as Joe Biden’s Attorney General.
If there were any doubts about whether Senate Republicans care more about the independence of the Federal Reserve than than the American people. It is now the independence and credibility of the US Senate that is in question.
Tillis is a good example of why nobody should be complaining about MTG resigning mid-term. It’s when Trump hating RINOS like Tillis announce they are done (not running again) but then stick around that they go completely rogue and cause maximum damage for MAGA.
He is corrupt. Can we please find out who he answers to.
What would be the legal tender under this decentralized interest rate system (or lack of system)? If it were to remain the dollar, the gold standard or something similar would have to return, otherwise the dollar would be the equivalent the Civil War era “Greenback” which was not backed by gold during that time period.
Over $2B to renovate a building? Trump could build a new one for a lot less.
For $2-3 Billion, Trump would build four of them, off the Gulf of America, surrounded by a top-tier 18-hole golf course.
“I have deep respect for the rule of law and for accountability in our democracy.”
Democracy. You always know a leftist by their words.
Doofus, we are a Constitutional Republic, but yeah, you know it as a democracy, since you are part of the group that has been pushing to make it a democracy for decades.
they aren’t wrong in their language, per se. THEIR democracy is a different place than OUR republic.
only one will survive.
Yeah, the tell is “our” democracy, by which they literally mean the consensus of DS insiders. Seditious scum, every one.
meaning the law is only for punishing peons
Democracy is 2 wolves and 1 sheep deciding what to have for dinner.
to be precise since 1871…as CONSTITUTIONAL REPUBLIC ended…VSGPDJT try very hard since Jan.2017 to restore it !!!!!!