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.
Mr Stonk Market dont care if Jerry Powell get packed-off to Alcatraz! LOL! Nasdaq down a whopping .06 with Amazon and Apple UP even with CNBC pounding the drums for a crash! 🫡
Retail is now a big part of the stock market and most know it is a cartel that steals from us. Even my chimney sweep has read the Creature on Jerkyl island. No one knew what the this book was 25 years ago.
“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.”
A group of non-elected wealthy citizens, who can set the interest rates at whatever they want whenever they want — and who are the benefactors (THIEVES!) of the billions/trillions of cash made off that interest — should be criminally charged for theft.
Their “best assessment” serves only them, never the public.
i am certaily no fed reserve fan, and i don’t know what the right answer is… but i would assume that if interest rates were purely in the hands of politicians, it will result in the same behaviors as all the spending: no politician will ever say NO to more easy money.
I think the point is that it doesn’t have to be controlled by gov’t at all.
I know what the right answer is: End The Fed
You forgot foreign as part of wealthy owners
The Fed’s renovations are the result of the beneficiary group currently controlng the Fed, to retain their control of the Fed, against what President Trump is trying to do.
So, build a monument!
I find it so laughable that the Right, ridicule the left because they only preach what they are told instead of studying the facts which is exactly what the majority of you are doing right now.
If you don’t actually read the original documents of how the Federal Reserve was set up in 1913 and why it was set up to begin with, and how Congress forced the Central bank to purchase Government Bonds to support the First World War and how in 1935, President Roosevelt condensed the Twelve Fed Banks across our country into a one Center, creating a Chairman based in Washington D.C. while having a voice through on 3 voting members to the board taking them from a 100% independent bank to a Quasi central bank and Congress destroying them further to this day, then you are no different than the left because you refuse to do your homework.
What Sundance says right here is exactly why the 12 banks were set up in their original form the beginning.
”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.”
Those that rule…..there is no right or left. I don’t stand on a soap box because the Citizens aren’t Financial Wizards they are busy just trying to survive. What they can do is educate each other then go to War.
Don’t need to be a wizard…
Not Federal
No Reserve
Makes fake money out of nothing.
…and not a bank! 😉
How else are is the gov’t going to monetize the crazy spending by the pols? Of every $ spent, 60 cents is borrowed.
What happens when broken people are egged on to fundamental self-destruction; manipulated by cynical managers of a criminal political party desperate to hide its crimes and avoid prosecution – Right vs Wrong from both sides of the aisle Right/Left. Laws get broken. When the arraignments begin, the derangements will ebb.
Just watch and see.
Yup! And why we are so divided right now here and abroad.
If people believe that 9 SCOTUS Justices decided 5/4 in favor or against a decision, it would cause the 4 dissenters to lose right?
There are 12 voting members on the Board of governors and even if Powell said “I disagree with all 11 of you” it would not matter, the 11 take the majority. If people actually read the FOMC minutes, they might actually discover who votes to raise, lower or remain neutral on interest rates. But… They won’t!
Rinse and Repeat
Because of course, Powell has no sway over the other members.
Does Powell have sway over the other members, or is he merely a parroting figurehead, answering to their beck and call?
Powell has no sway whatsoever and all the members know who the culprits are, your politicians, who borrow and spend.
I believe the confusion that most everyone has, is the difference in Monetary policy versus fiscal policy.. I believe they think Monetary policy mean it’s the Feds fault when in reality and fact btw, the power of the purse comes from the lower house in congress or, the Fiscal side of the ledger.
All the Fed can do is try to manage interest rates when Congress continues borrowing and spending.
When our Country was on a fixed exchange rate system and had a balanced budget, they had better control, that’s what Keynesian economics was all about. That stopped in August of 1971 when President Nixon closed the gold window and when the floating exchange rate system began.
The Central Bank have absolutely no control anymore thanks to the Fiscal side of the ledger.
My apologies for the long answer but just saying “No” leaves a second question of “But why?”
The portrait of President Andrew Jackson being so prominently displayed in the Oval Office and remembering the first official visit by Trump-45 to The Hermitage, Andrew Jackson’s home, always has been a signal (to me, at least) that President Trump, from day one, has had a plan to end the Federal Reserve and thus the control of private bankers from operating in hidden avenues the economic decisions of this country.
Exposing the fraud of the abuse of U.S. taxpayer money is the first stage, because it is the bankers that secretly profit from the movement of monies that facilitate the fraud. Like peeling an onion, layer by layer the forgotten Americans are being shown the depth of the rot.
Using that analogy that Sundance once mentioned during Trump-45, it’s starting to look like President Trump has decided to tear down the pillars instead of simply stripping them of rust to be repainted.
This is what MAGA is. No more pretending, and Donald Trump is teaching us how to fight.
Powell and Tillis should both be prosecuted for obstruction of justice.
Powell needs taken down a few notches! Tillis is a nothing burger!
Tillis and many others fear the FR will eventually be exposed for what it is.
Nice summation in today’s Coffee & Covid newsletter about the referral of Powell to DOJ:
“It only took about ten seconds of googling to locate Representative Anna Paulina Luna’s (R-Fl) criminal referral to the DOJ. She even posted a press release about it last July, and the title would have been extremely helpful to any reporter trying to find answers: “Rep. Anna Paulina Luna Refers Federal Reserve Chair Jerome Powell for Criminal Investigation Over False Testimony.”
And there it was. Unlike the Times’ useless article, Luna’s July 2025 press release explained: (1) when Powell lied to Congress; (2) exactly what he said that wasn’t true; (3) which documents proved the Fed Chair lied under oath; and (4) which specific laws he allegedly broke, right down to the statute number (to wit: perjury and making false statements to federal officials).
The dustup centers on the Federal Reserve’s hyper-luxury $2.5 billion renovation of its headquarters building. According to Rep. Luna, the project includes swanky features like a VIP dining room, private elevators, a yoga retreat, premium marble, Disneyesque water features, and a rooftop arboretum where stressed fed governors can blow off steam by hunting kidnapped taxpayers.
During his sworn Congressional testimony, Powell denied that any of those features were included in the “final plans.” But Ms. Luna found the final plans and, contrary to Powell’s claims, dang it, the sumptuous features were right there. Thus: five Pinocchios.”
And…the ultimate conclusion is a nice touch:
“But if the DOJ develops evidence that Powell did lie, it would give Trump “cause” to legally fire him. Just saying.”
https://www.coffeeandcovid.com/p/late-admissions-monday-january-12?publication_id=463409&post_id=184320090&isFreemail=true&r=209fvb&triedRedirect=true
CNBC wheeled out Old Yellen to whine about the threat to Fed independence and the threat democracy pounding the table for a market crash. Meanwhile, the stock market is actually up! 🫡
Shorter version: “Orange Man Bad so I can haz Get Out of Jail Free-card!”
ps: anybody think DOJ did this without knowing where it would lead?
Nope.
methinks they doth protest too much. all they had to do was the usual wormy statement of “we welcome transparency” or something equally as non-commital.
Neither the Federal Reserve nor the Federal Income Tax have improved the Nation’s finances. The result of the progressive era regulations and Constitutional amendments, has been a Federal debt over $38 trillion, a broken Federal budget process, and a ruinous expansion of the size, scope and cost of the Federal government.
If they go after him with some kind of charges, it’ll be the same keystone cops stuff we have seen from the DOJ and FBI so far under Trump. These people can’t seem to find their asses with both hands and a flashlight (on purpose, no doubt).
The entire federal law enforcement system is full to the top with authoritarian leftists. It didn’t get that way in a decade. It took a generation or more of purposeful hiring of like-minded people. Blonde and Patel don’t have the abilities or the stomach to successfully navigate such an alligator trap. If Trump had nominated people that did, the GOP senate would have shut them out straight away. They hate Trump more than the dems do.
Nothing will ever happen to any of the people that belong behind bars due to their corruption. I think most folks get that now. Just forgetaboutit.
You are right. If justice finally catches up with these white collar criminals it won’t be because of people in the Trump administration making it happen.
it takes time
and even if no one is indicted
at the very least
they can be removed from their positions
and people adhering to the MAGA agenda
can be installed
Yes, but it serves as nothing but a pause in the march to destruction. The inevitability of another in his mold will make his/her way in, and learning from the previous, will be even harder to dislodge.
If the worst of accountability is losing your job, these cretins will not hesitate. Especially when they know they have heavy cover.
I understand the frustration
however, no one wants to be indicted
go before congress or pay hundreds
of thousands to defend oneself
let alone let the online media savage them
chipping away at the fraud that is the
US government will take decades
Yes the FED has set policy to favor the Big Central Banks by supplying money at a lower interest rates while they charge everyday Joe a ridiculous rate of 20%+++ interest on cards. Unfortunately everyday Joe uses these cards when in a pinch and can’t afford everyday life expenses, which the FED also has a hand in. Why? Indeed. Why do we need the FED?
Without FED influence, Banks need to entice Customers to put their money with them by offering a fair rate for savings. Banks also need to be in competition with offering fair loan rates.
love your last two sentences
Last two sentences: you mean like free market system? like encourage competition? like Capitalism? like what we’re supposed to have?
The folks who thought they had control are losing it quickly. It was easy for them to block Trump 1.0. Not so much in 2.0. He learned his lessons, revised his strategy and realized how many people or working against us. The FED is no different, holding interest rates higher based on the economic data based on politics not policy is grounds for Powell’s removal. It’s about what is best for America not Powell and his friends.
Like most of his ilk, Powell is a spendthrift, wasting other people’s money.
Their religion: the OPM from the masses…
As with Mike Pence and Bill Barr, Trump was given very bad advice when he nominated Powell for Fed Chairman.
It wasn’t bad advice. It was intentional. The idea was to surround him with Judases and Quislings.
This time, President Trump has done a better job of vetting and planning.
If he would just rid himself of the stealth RINO Wiles and replace Bondi with a real AG things would proceed apace much quicker.
the American people are slow to realize what is going on
because
the media is corrupt and doesn’t report the facts
some repubs are still locked in on the republicans in government doing the right thing
and do not know the level of corruption in the republican party – the uniparty folks
others are too busy working and raising families to pay much attention
and others on the left have TDS
give it time to sink in
well nourished Susie Wiles will not leave voluntarily… there is no one to show her door !!!!!
From a legal standpoint, there is a basic question being presented, for the moment treating the Fed as being a private entity:
Can the DOJ subpoena Federal Reserve financial records when there is probable cause to believe that US Government dollars have been misappropriated in a fraudulent scheme?
There is no question that the amount of federal money being spent bears no reasonable relationship to the projects which they are allegedly funding.
This is not different, in essence, than the Somali daycares.
The one big difference is, it’s the Fed.
If DOJ can through a legal case obtain insight into what the Fed is and has been doing with its/our money . . .
That’s going to lead to the discovery of further abuses.
You know it, I know it, they know it.
How many magical money machine printers were alleged to have been found in the basement at the Fed?
Two set of books.
(And some are alleging those USD printers were whirring for years in end, printing paper Benjamins that were then cached overseas. I don’t know anything but the bare allegations, but it seems logical – where did Obama get that $1.7 billion in pallets of cash anyways, logistically??)
So what you will end up with is . . .
An audit of the Fed. Either due to public pressure or due to the sprouting of 1,000 DOJ cases.
In sum, if the DOJ can subpoena Federal Reserve financial records, it’s game over for the Fed.
Speaking of sending Benjamins overseas, how much of them would anyone here hazard to guess ends up going through the backdoor straight to the bankers in the EU specifically?
Our government “expert” class are not an impressive lot. On close examination they are like Somali fraudsters with better grammar and more boring outfits. I wonder why Thom Tillis is so excited? Even a cursory study would demonstrate who he thinks are his true constituents.
The Fed was created to take money supply and interest rates out of politics and into what is best for the people. Do you really think a political group..think Democrat/Communists…. would have raised interest rates to 20% to wring inflation out of the system. No politicians would not.
With everything else that has been politicized and weaponized in DC, the Fed has been weaponized and politicized by Powell. Lowered interest rates for Harris when inflation was roaring and refused to lower interest rates when inflation had subsided for Trump. The Fed has lived past its use by date and needs to go along with Depts of Ed, Energy, Trans, Commerce, Labor, HUD, HHS, Ag. Make Government small and effective again.
didn’t they lower the interest rates close to 0% during Obama’s reign of terror?
Explain lowering the rates just prior to the 2024 election. It’s clearly been political since it’s inception, they just try to pretend otherwise.
He’s also jumped on board with DEI and climate change, areas that have nothing to do with the Fed.
Is Trump going to get rid of the Fed too? Venezuela, Iran, Cuba(?) all going down.
How about that Grand Jury in Florida going after my favorite deep state villain, John Brennan and his friends,( in Florida, because they wanted to raid Mar a Lago.) Crossfire Hurricane aptly named for the Sunshine State although the coup did not realize how apt it would become at the time thinking they had control of DC.
Everything is falling into place and I must thank God for it. It is too perfect.
The Mar A Lago raid was the fruit of a Grand Conspiracy. Everything upstream of the raid (Russia hoax etc..) was the tree from which it flourished.
There is no way they get out this if it’s done right.
Holding the Grand Jury in Florida instead of Washington DC is the first step.
Next Fed Chief? Marco Rubio, of course!
x
Like Maduro, he should have taken the exit ramp.
FAFO
Just show Powell the latest wonderful inflation, GDP and trade numbers.
He’ll bleed through the nose, vomit, and fall down, too.
The FED is UNCONSTITUTIONAL! And if they are INDEPENDENT and not part of the executive branch why are American taxpayers providing ANY FUNDING for this monstrosity of central planning that has failed America time and time again.
“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.”
Sounds like a minor league, a very minor league, version of a whole lot of defense projects.
Just one example.
Zumwalt-Class Destroyer
Exactly. Can’t audit the War Dept? Or won’t? After the years of stories such as yours EyesOpen we know that the fraud within the War Dept likely dwarfs CA, NY, MN and IL put together. And the President wants to up the WD budget by fifty percent? No, not until an audit is done. Land of the Fraud, Home of the Grift (and the War Dept leads the way).
For what it is worth, the Navy has a bad habit of changing design requirements on stuff that is already in the process of being built, necessitating lots of costly rework. Costs that necessarily have to be recouped by the shipbuilder.
Those R&D costs have to be recovered over a production run. Drop the number of hulls to be ordered as the case with the DDG 1000’s and the unit cost goes up contravening any economy of scale as Congress did repeatedly anytime there was a overrun on it. Penny wise, pound foolish, one can say.
This is not to say that significant cost efficiencies could not have been found with programs like the DDG 1000’s or other.
Two questions one must ask themselves, to wit;
Who receives the interest that Americans pay on the “loans” the Fed provides our government?
Under what authority this gambit of printing fiat currency was constructed?
Neither of which has ever been adequately addressed. This Fed ponzi scheme dwarfs any and all frauds ever discovered, yet continues to bleed America and Americans of their rights codified in our founding documents, Life, Liberty, and pursuit of Happiness.
Powell is a sock puppet and he will do whatever the rich clowns want until we see a deep freeze in a very unlikely place. Either we eliminate the Fed, which I think will never get done properly, or we are just blowing smoke and Powell has been assured that we are. I think, Trump should put restraints on the Fed that will get the situation to the Supreme Court and at least we will be able to see what the only realistic path to getting rid of the powers of the Fed to determine the prime interest rates without approval of Congress and the Treasury Department. I am out of my league on this subject because I have not had any contact with that sorry organization. Any better ideas would be welcomed by me.
If the Supreme Court rules that the Fed is not independent, or at least that the President can hire and fire from the board at will, then I think we will see the end of the Fed. It won’t be useful to the bankers if they can’t control the board.
2.5 billion in renovations to 1 bldg using taxpayer moneys and he thinks that’s justified? Skewer this tosser’s backside!
Senator Tillis is now withholding all of The President’s nominations in retaliation for the investigation: https://www.thegatewaypundit.com/2026/01/just-rino-tillis-threatens-block-fed-nominations-powell/
When you have RINO “friends” like Tillis, who needs any enemies?
I’m so sick of the self-righteousness of CONservatives.
It would be one thing if they said “we can PDJT a chance and push through his agenda for two years but X, Y, and Z happened so we can’t do it anymore”, but they don’t even give it a chance, do nothing and can’t wait until the Dems take over pushing the radical agenda lock-step so they have something to be outraged against.
“Please don’t squeeze the Chairman!”
Wordman(tm) worthy award to you!
SUCK on ” retirement ” And POSSIBLY an INDICTMENT – Old BANKSTER Man
HE LIKES the JET and His PRIVATE DINING ROOM –
FUNDED by your BANK FEES, INTEREST RATES, LOW INTEREST RATES on SAVINGS
Corruption turns every user into a medacious bullshitter. Here is the latest example.
“No one is above the law”? What a refreshing concept…
The total renovation cost is $3.2 billion including an adjoining facility. Powell actually spent $3.2 billion to renovate the Federal Reserve Buildings, in comparison, the newly completed 110 story World Trade Center with 3.5 million sqft of luxury office space in Manhattan which includes 4 story underground parking and subway stations as well as the cost of the land was $3.9 billion. Like I said many times here before Jerome Powell isn’t working to sabotage Trump for a $200,000 a year salary! 🫡
So now this NWO is trying the radical lefts statements. Unfortunately the left hates the FED (like all Americans do hopefully) I think the left will not give him sympathy. The FED for years are exactly what the EU wants to do. If he is responsible for the US, he should be siding with the US. It’s beyond time to kick the NWO out of our country. When all his/their crimes are revealed to whole system the NWO has tried to do for centuries, there will be countries WW freaking out, because they know how they colluded with supposed allies. But they secretly worked with the FED to bankrupt America. Which was planned by Trump for years. If we are bankrupt, billions and billions of debt will never be paid back.
If Powell was under oath he can be prosecuted for lying to Congress. No body is going to protest his crying for breaking the law.
😁
That’s funny!
“ICE and Border Patrol were just FORCED to fire TEAR GAS in Minnesota as their vehicles were SWARMED”….
If they would use tear gas before they wereforced to, it might not get so out of hand.Sorry. Just realized that what I am replying to is very much off topic.
I did not like this Oasis site at all. Once burned twice learned. Evaluate it for yourself or skip it. Seemed they just wanted to make more trouble by showing garbage people saying garbage things.
Simply look at what the FED is doing to Silver. Silver goes up, they print more money to cover the 4000:1 that JP Morgan and other ‘too large to fail’ banks sold to unsuspecting customers. For every one ounce of silver (certificates) there are 4000 people who own that same one ounce of silver.
JPM et al, all sold silver at the end of 2025 in an attempt to lower the price and buy it back at that lower price. China said, ‘thank you very much’ and bought it all. Their screw up but we pay the price as always.
Powell and his Sea Island buddies pump printed money into the mix to cover their a$$es, which causes inflation.
I say this is an attempt to crash the economy and make it tougher for the Trump administration to keep us moving forward.
Sundance, I’m sure many of us would love to have you expound upon this: https://ekolovesyou.com/p/the-insurrection-proclamation?publication_id=11953&post_id=183574736&isFreemail=true&r=zryic&triedRedirect=true
I wonder why Powell looks so dour when with PDJT, I think it would be great to be with the President for more than an hour. KEK
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. (BAHAHA!)
Powell saying he “has deep respect” is obviously incorrect. No one in money management has deep respect for anything, if they work for he FED, or manipulators on the Stock Market. Every part of the system is rigged. Explain the respect for the FED board and others got away with fraud, in housing and other things, and how come they are not prosecuted?
I’ve wondered why they keep trying for top tier characters when they haven’t yet been successful in getting the equivalent of the mail room clerk.
Seems all smoke and mirrors like they want to pacify us.
He must use the same writer who spins bullshit for Sheinbaum.
End
The
Fed
‘Change orders’ can be expensive in construction, especially if they’re going high end.
Add in the construction consultants, program and project management, whacky energy goals, the sky is the limit.
What I want to know is WHY are TAXPAYERS paying for a private organization’s building costs? These guys get rich off of our blood, sweat and tears and are a private entity that makes hundreds of BILLIONS in interest for printing money out of thin air. We should not be paying for ANYTHING they want, especially not a Taj Mahal golden idol abomination to their corruption, greed and graft.
I was horrified, a few months ago, when I saw President Trump tour the Federal Reserve Building and its renovations. Powell and his ilk tore EVERYTHING apart at the same time, all in the name of Renovation. No wonder President Trump was furious. Renovations are supposed to be done one step at a time, one project at a time, one room at a time. I knew right away that Powell wanted this to be a “forever” restoration. What a mess! And, of course, we taxpayers are getting the bill.
This is no different than Walz claiming ‘the federal government is weaponized against me’ after stealing billions from the federal government (meaning all of us taxpayers).
Powell was running a slush fund with that building project. PDJT said Powell’s plans were to build a basement beneath the building. Whoever heard of this? And the building is right next to a river.
It sounds like he was trying to setup a scenario where constant maintenance and repairs would be necessary. Probably owned the company that would get the contract for this work.
Going public to the “court of public opinion….not helpful particularly this early in the investigation. Makes him look guilty.
If the Fed is autonomous and unelected why is ANY taxpayer money buying it a new building?
He should retire for his own heath, he looks terrible.
John Yoo: This is a SERIOUS escalation
Former Deputy Assistant Attorney General John Yoo joins ‘America’s Newsroom’ to discuss the Department of Justice’s investigation into Federal Reserve Chair Jerome Powell.
This where Powell gets the smack down. When the SC gets involved it will be interesting. The SC should think long and how the Fed is not constitutional. If they don’t they are not a constitutional court
If Congress had not abdicated on its constitutional obligation to pass a budget every year (preferably a balanced one, not one with $2T deficits), the Fed would be arguing about 2.3 vs 2.5% interest rates, and we would not care.
Unfortunately, the Republicans are not blameless, and I don’t have confidence that the MAGA wing can do much.
We need to see a series of hundreds of recission bills put up for a vote, explicitly lining out the most egregious waste in Federal agencies. $2M at a clip is not going to make it. We need multi-billion dollar recissions that only the most batshit crazy Democrat could vote against. These things get folded into the omnibus bills routinely at the last minute because they could not pass on their own merits and the Dems hold the government hostage to get their way.
These things should be reversed, line by line, with precision, at a time in the budget year when there is no urgency about getting a bigger bill passed.
Also, DJT should use the Minnesota Somali fraud to stop revenue sharing with the states for all these programs. If Minnesota wants to give inbred Somalis carte blanche to raid the public treasury, let it be Minnesota’s treasury. A federal government $40T in debt does not have money to give the states to administer anything. Make them fund these programs on their own by raising taxes or cutting the benefits and eliminating the fraud.
Yoo is so wrong about the fight