The federal reserve is supposed to be independent of the government. The president can ask for a chairman's resignation, and sometimes they oblige, but otherwise they serve out their terms without interference from the political class.
The federal reserve is supposed to be independent of the government. The president can ask for a chairman's resignation, and sometimes they oblige, but otherwise they serve out their terms without interference from the political class.
Agreed. I think I just figured out why Trump can fire him: Biden reappointed Powell as chairman in 2022 but Biden's term as president was illegitimate, he wasn't the rightful president. Trump was rightfully elected president but Dems cheated to get Biden in office. If his term was illegitimate, and it was, then Trump can fire Powell, as the appt wasn't legitimate. IMO, Trump may be getting ready to bring out the Loy Brunson decision by U.S. Supreme Court, proving that 2020 election was stolen. If that happens, Trump may become president before Jan. 2020. If you don't know about Loy Brunson case, you might want to look it up, it's an important case.
What is really interesting is that under the Constitution, each state is free to issue certificates 100% backed by gold (or silver), and some are planning to do so: their banks would not have to pay any interest to account holders- actually, they could, like the original goldsmiths did, charge a fee for holding bullion. The original sin of the goldsmiths was fractional reserve banking, a euphemism for printing certificates for gold that did not exist. Back in 1790, each bank that issued gold certificates had to have 2 bank officers personally sign each one, and the penalty for non-redemption was pretty simple, too: Death. Somehow, fractional reserve banking was again allowed to rear its ugly head, and when Britain abruptly went off the gold standard in 1931 (its 100-year gold bonds(consols) up to that time yielded a mere 1%), Americans, seeing the writing on the wall, scrambled to exchange their certificates for gold- but, thanks to that old devil, fractional reserve banking, as the banks only had $40 in billion for every $100 outstanding, they fell like dominoes, and the Great Depression was on. And today, they think they can fool everyone with cryptos (!!!)
Meh, I have my doubts about SCOTUS. They have avoided all Constitutional issues except 2A where they could clear things up going forward. Yet they carve a tiny slice of a case, leaving the overwhelming issue open for abuse.
Primary examples are COVID and 2020 election fraud... moot and lack of standing. Particularly TX and other conservative states lacked standing against CA and AZ and other cheating states despite the Constitution literally saying state disputes go immediately to SCOTUS. In that world, state disputes go directly to war.
I suspect the Diddy and other style blackmail control levers have much influence over SCOTUS decisions.
Almost no one is. For example as a juror, if you don't believe in a law you simply don't vote to convict even if the person is "guilty". Exactly what the Judge tells you not to do.
Even with Jury Nullification, the Judge still has the final call. He can disregard the Jury's finding (Judgment Non Obstante Veredicto); or he can order the jury to find for the defendant a certain way (Directed Verdict). Look it up...
I have found, thus far, that is, sadly, quite true. Perfect example was the covid debacle. Every day American citizens do not know their rights. The TV tells them what to believe and what to do and they just believe it and do it. You would be hard pressed to find anyone in the WH who is constitutionally literate. If there was, we wouldn't be in this mess.
To all intents and purposes she is right. The laughingly-named Affordable Health Care Act was challenged as being unconstitutional, and what did SCOTUS do but justify it as a revenue bill- but the Constitution requires all revenue bills originate in the House. So SCOTUS, too is illiterate. Furthermore, the law requires all bills be read out in full before Congress, and there was no way this 2500 page monstrosity was going to be read out- so they got away with it by saying, again with no justification, that everyone had indeed read it on their own beforehand. It does not get much more unconstitutional than that!
Hard to tell what you are asking specifically. How do I know what? That the country is constitutionally illiterate? Supremes refused to hear the Brunson case so the point is moot.
Last I heard on Brunson case is that it was scheduled to be decided if it was heard or not and the result of their decision was never published on the U.S. Supreme Court website, which always publishes all results and progress of every case they handle. I went to the U.S. Supreme Court website and checked it out myself, I followed every result that was posted. Brunson was asked to sign an NDA, which he did but the results of their decision have never been published. Supreme ALWAYS, without fail, takes a long break in summer but this time they stayed in session until at least August. Why do you think they would do that? And why did Loy Brunson sign an NDA? It looks like this case is not over, I've read it is still on the docket. btw, I'm not constitutionally illiterate, I studied this thoroughly back in grade school in 1960s when it was still taught and I have a copy of the constitution that I always keep handy to consult. I use it often. I'm 70 y.o. and many in my age bracket know the constitution quite well.
I was speaking to the government in particular regarding the constitution. If they followed the constitution, again, we wouldn't be in this mess. I do not follow that case. I am way older than you and still find so few know their rights or much about the constitution. It's sad really. Perhaps now people will become more cognizant and eager to learn.
Your last sentence - yes, I agree, I sure hope so. Too many young people especially have no idea about Constitution. Also agreeing about the govt not knowing. I've watched Trump for a very long time, I'm certain he knows Constitution inside and out, he has ALWAYS been a very patriotic American. I remember back in 1980 he talked about America going downhill and was very sad about it. Several yrs later he expressed that sentiment again and said he might have to run for president some day but really didn't want to, politics is a very mean place and he has a great life is what he said. He has given up a lot to be president and try to straighten out America. His friends & his enemies both have said about him: "Never underestimate Trump. NEVER." 45 yrs of watching him and I've never seen him lose in the end. He might have but not at this point. He has studied deep state for decades.
Trump does NOT know the constitution. Being patriotic and knowing the constitution is 2 different things. If he was going to follow it he wouldn't be writing so many EO's and his first term would have turned out much better. I have watched and listened to Trump since he was a young man. I am aware of how he works and how he thinks. I've been here awhile...lol
Well, I was born here but my ancestors were Danish vikings. I guess that makes me a viking-American. I love the idea of America but unfortunately, the idea of America that I love died when Andy Jackson went into the Presidency a poor man and came out a multi-millionaire and when old Abe Lincoln destroyed the south over the Morrill Tarriff. Woodrow Wilson, FDR, Lyndon Johnson and Richard Nixon finished the job. That means that this shit was started more than a hundred years before I was born.
I just saw this short video on Black Rock owning Federal Reserve basically, extremely important video, everyone should see this, it explains a lot about our economy:
BlackRock: The Most Shocking Conspiracy YouтАЩve Never Heard Of
As one of the largest asset managers in the world, BlackRock holds significant sway in global financial markets. The firm manages trillions of dollars in assets and has a vast network of financial connections. This means BlackRock can indirectly influence policy or market conditions that may align with or respond to Federal Reserve actions, but this is distinct from the Fed having any ownership or direct governance over BlackRock itself.
BlackRock and the Federal Reserve interact primarily in advisory and asset management capacities, especially during times of financial crisis. While BlackRock has been hired to assist the Fed with managing complex financial instruments, it is not a part of the Federal Reserve's structure. However, the relationship between large financial institutions like BlackRock and the Fed is often scrutinized due to concerns about influence and conflicts of interest. Step away from the conspiracy theories.
The President can no more "do away with the Fed" than he can fire the Fed chairman. Andrew Jackson correctly labeled the Fed of his day, the Bank of the United States, a corrupt entity and killed it by refusing to sign the bill to re-charter it- whereupon the BUS triggered a Depression intended to ruin his election chances- but when Jackson sadly informed veterans of the War of 1812 who regarded him as a great hero, that the BUS actions made it impossible to pay their veterans benefits, they correctly blamed the BUS and not Jackson, who was handily re-elected- and left the nation $0.00 in debt, after 8 consecutive balanced budgets and a strong gold-backed dollar, which read "Payable on demand for gold." Compare that to the incredibly complex language and description of the cryptocurrency industry( who stuffed wads of money down Trump's throat (he, who, incidentally hung Jackson's portrait in the Oval Office) that not one man in a thousand can make any sense of. Amazingly, a return to the gold standard- or some standard(!) could be accomplished by making the so-called security strip not out of Mylar(!), but honest-to-God hologrammed gold (or silver.) But that would not be simple enough for the tangled web-weavers who H.L. Mencken branded as "The great practical jokers of the race."
Crypto is more terrifying to me than the worthless paper Federal Reserve notes. Nothing more than digits on a computer somewhere, wiped out with a single power outage or EMP. No, precious metals is where we need to go. Back to silver and gold.
A return to the gold standard could be as simple as making the so-called security strip in what passes for money today not out of Mylar(!) but real gold (or silver)- in other words, putting the gold literally back in the hands of the people. No longer wondering if it was really in Fort Knox. The Fed, working 24/7 to ram CBDC's down everyone's throat(See Jon Forrest Little's writing) wants nothing to do with that- they want to eliminate cash entirely and put everyone under surveillance with each and every transaction. One of the saddest events in history was when Hitler's goons literally put a gun to the head of the Czech finance minister and ordered him to call the Bank of England, where their gold was stored, and border to transferred to Germany's of the vaults. The BOE knew exactly what was going on but they did it- and Chamberlain had held up a piece of paper declaring he had obtained "Peace in our time." But if Czechoslovakia had put its gold in the hands of its own people instead of shuffling it to England for security, this never would have happened.
I think because he sees the handwriting on the wall and has heard the cries from everyone calling for Trump to end the Fed. He knows Trump wants his own people and he's not one of them even though Trump is the one who put him there in the first place. Go figure.
Trump put a lot of people in office so he can have them arrested later for crimes they commit. Powell was reappointed by Biden in 2022 and his term expires in 2028; however Biden is illegitimate president and Trump actually won 2020. This is probably going to come out soon, and Trump should now be the president. Powell's appt was illegitimate and that's why Trump can fire him. Just my 2 cents.
Ridiculous even if you are right, which you aren't. Qanon type stuff. Trump isn't going to abolish the Federal Reserve system although it is completely illegal as per the Constitution.
1) I never mentioned "QAnon", you did. btw, it isn't QAnon, there is Q and there are anons. And there is evidence that Q was real & are white hats. I read every single post.
2) What are you basing your claim on that Trump isn't going to abolish Fed Reserve? He has been slowly whittling away at Fed Reserve for a number of yrs, at least 4 of them. I've paid attention and seen solid evidence of this. There was a video of Jerome Powell even saying he wasn't in charge of Fed Reserve, Trump was - that was several yrs ago. Fed Reserve offices in D.C. have been vacant for at least 4 yrs, this info comes from a friend who has worked in D.C. for years. There is A LOT that the public doesn't know because the don't bother to pay attention/do research about truth or what's really going on.
This is an utterly absurd supposition. Trump didn't put people into office just so he can fire them later on. Come on, man.
Can you imagine the Constitutional shit storm that would befall us if Biden's Presidency was deemed illegitimate? There's no way that will happen. The damage is done. The only thing we can do now is move forward and try to repair the damage Biden did and try to push off the coming financial Armagheddon.
I've watched Trump for 45 years, he works in VERY unusual ways. This is no ordinary presidency, he was never a politician. Here is here to get rid of deep state and prosecute them. Gitmo has been very busy these last few years, this come from military sources. White hats in military also have ALL the evidence of stolen election in 2020 and Loy Brunson case is being talked about a lot right now and may be announced - which will change everything. If you don't know about that look it up, he took his case to Supreme Court but no result/decision has been announced as yet. Biden has ignored our constitution numerous times, there would be no constitutional shitstorm as you call it, as Trump has done everything according to the law, that's how he has always worked. He never loses either. His friends and his enemies all say about him "Never underestimate Trump. NEVER." I've done tons of research on govt., Trump, military and more for years, every single day. You have no idea what's going on if you actually believe what you wrote.
Lol...Gitmo has not been busy, EVERY president thus far has ignored the constitution, including Trump. Trump does NOT always follow the law, let alone the constitution. Telling anyone they have no idea what's going on when you spout pied piper BS is not evidence that you have a clue. It is simply your opinion as you do not cite any valid, legitimate sources to back up what you claim. I cannot take you seriously without legitimate backup. I'm too old for fairy tales.
If you don't believe me, prove me wrong y doing your own research. I'm not here to spend hours digging up sources I found years ago, nor am I here to prove anything to you. Don't expect me to do your research for you. I know what I'm talking about and you haven't proven me wrong. Nor do I need to put up with your rudeness and insults, I'm done here.
Lol...Not meant to insult just stating the obvious. I have yet to have any Q follower provide legitimate source material for any of their claims. It is nothing more than an elaborate web of unfounded claims with no basis in fact. It often involves conspiracy theories that are both logically incoherent and devoid of reliable evidence. But thanks for playing!
Well, E. Grogan, I am a realist and I try to not entertain fantastical ideas. Don't get me wrong, I would be thrilled to see what you are describing actually happen. I am seeing fucking red over what the deep state thugs have done to this country. I'm sick of the constant wars, the debt, the destruction of the dollar, the lawfare, the lack of accountability for the dregs of society (the elite). But what you are describing is fantasy.
I'm a big Trump guy. I have always admired the man even when he was doing his Apprentice TV show. For our sake, I hope you are right.
This is NOT based on fantasy but solid info I've found in my research - which I've done every single day for several hours at least every day for 30 yrs. I've also watched Trump closely, in his many interviews and my info on Brunson case comes from the U.S. Supreme Court docket on their website. Believe what you want to, I'm just putting this info out there.
I DO know that and always have, I'm 70 y.o. I just wasn't thinking of that when I wrote my comment. At my age, my brain doesn't work as fast as it used to, especially after CO2 poisoning for 9 months. No need to assume I'm ignorant or to talk down to me.
The readers here may, but Joe Six Pack certainly does not- and I would suspect that may here do not appreciate that the very Too-Big-to-Fail Banks are the actual owners of the Fed and therefore hold all of us hostage to bailing them out if their own bets go wrong. This is exactly what Andrew Jackson charged when he refused to sign the bill to re-charter the BUS. He said:тАЬGentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!"
Powell's constituency is very, very small, and Powell is the Mother of American Inflation, printing/counterfeiting $5 Trillion during the Covid Scam on top of the Yellen/Bernanke $3 Trillion Too Big/Jigged To Fail robbery.
"Powell is the Mother of American Inflation" No, the "Mother" is the US Congress - they passed the legislation allowing the money to be conjured into existence & spent. Congress has not passed a budget in I don't know how long.
Biden was the executive who directed the authorized spending. Powell is like a midwife, an assistant in the birth of a monster. Contact your congresscritters about this.
Simple question. Your honest answer will speak volumes. It appears that you believe we live in a lawful country. Has it occurred to you yet, that we actually live in a lawless country?
I used to think of myself as an anarchist- in a good sort of way- but that term is bound to be taken the wrong way because it too suggests that lawlessness might be the norm, and that is the last thing we need. The Biden years have shown the horrific effects of lawlessness, be it from turning a blind eye to thousands entering illegally to shoplifters going unpunished as long as they steal under a grand, to letting cities burn. I fully understand the grievances that led to the French Revolution, but even Camille Desmoulins, who kicked it off with a fiery speech, was left in tears at its horrific excesses. The really lawless types, like SBF, or Madoff, or Epstein were finally brought to justice- but most of what they did could have been avoided if people were more alert. And this forum gods a long way. The shame is that most people have very little time free to engage in this sort of discourse- and then things really do come to a boil.
I appreciate your reply. Here's an example of the kind of thing that makes men go to horrific excesses - when you go after their children.
Merrick Garland, USAG and head of the Department of Justice - a term I use very loosely - has a daughter and son-in-law who own a "media" company - Panorama - that provides "educational" material to our public school system.
The literature is heavily left leaning, gender-bending, DEI, and age inappropriate for our children. When parents find out about this curriculum, they exercise their constitutional rights and protest at schools and School Board meetings.
Garland threatens the parents as "terrorists" and turns the weaponized FBI loose on them - visiting their homes for questioning. There is a special place in hell for Merrick Garland, and if those were my children, I'd follow him there, just to make sure he got there.
These people are evil - cancerous - and they need to be taken out. Nothing a little radiation - think flamethrower - and ammotherapy can't take care of. When you go after a man's children, all bets are off.
Another thought - on anarchists. As you say, the connotation leans toward lawlessness, but my interpretation has always been more "ungoverned" vs. lawless.
Maybe "Strange Bedfellow" will chime in - a self-described anarchist - but much closer to my definition.
He's very bright, non-violent and creative, but just doesn't like people running - governing - his life, as I understand him anyway. I agree with him in that regard.
Without the Fed as buyer of U.S. bonds, and always the implied Backstop if the Primary Dealers can't directly fill their Obligations, and always read to lend money to the Primary Dealers and Foreign Banks to keep the churn machine running, without the Fed at the ready to click new (counterfeited) dollars into existence, then the U.S. Government would have to live within their means.
But, you are correct about 1 important thing. The U.S. Government created the Federal Reserve Monster, for the Private New York Banks, in 1913, and now the Fed heavily feeds these Private Banks, Foreign Policy and Military Adventures.
Though the FED is a private organization, just as the USPS. Being that the case, it would seem logical to assume that the President would be able to exercise considerable control over it.
Has the President, or Congress ever vetoed a proposed hike in the cost of a first class stamp? It was a nickel, in my lifetime. But it is certainly true that the Fed is the enabler of the creation of trillions of new debt- Bernanke and others before stated publicly that the Fed did not monetize the debt, but that is a bald-faced lie. Do they suggest that China, or Japan, or Britain, much less Russia are the ones buying all those bonds? It sure isn't the American people either.
The federal reserve is supposed to be independent of the government. The president can ask for a chairman's resignation, and sometimes they oblige, but otherwise they serve out their terms without interference from the political class.
He could simply do away with the fed and Powell would be out of a job. Problem solved.
Agreed. I think I just figured out why Trump can fire him: Biden reappointed Powell as chairman in 2022 but Biden's term as president was illegitimate, he wasn't the rightful president. Trump was rightfully elected president but Dems cheated to get Biden in office. If his term was illegitimate, and it was, then Trump can fire Powell, as the appt wasn't legitimate. IMO, Trump may be getting ready to bring out the Loy Brunson decision by U.S. Supreme Court, proving that 2020 election was stolen. If that happens, Trump may become president before Jan. 2020. If you don't know about Loy Brunson case, you might want to look it up, it's an important case.
Nope. Not how it works. Trump is no more constitutionally literate than the rest of them.
The Fed is not in the Constitution.
It is a construct. There at the stroke of a pen. And with sufficient votes, gone at the stroke of a pen.
BTW. You do not exchange U.S. Dollars, you exchange Federal Reserve Notes.
It is an utter betrayal of the Constitution which mandates that the Government coin and/or print its own bills based on gold or silver.
What is really interesting is that under the Constitution, each state is free to issue certificates 100% backed by gold (or silver), and some are planning to do so: their banks would not have to pay any interest to account holders- actually, they could, like the original goldsmiths did, charge a fee for holding bullion. The original sin of the goldsmiths was fractional reserve banking, a euphemism for printing certificates for gold that did not exist. Back in 1790, each bank that issued gold certificates had to have 2 bank officers personally sign each one, and the penalty for non-redemption was pretty simple, too: Death. Somehow, fractional reserve banking was again allowed to rear its ugly head, and when Britain abruptly went off the gold standard in 1931 (its 100-year gold bonds(consols) up to that time yielded a mere 1%), Americans, seeing the writing on the wall, scrambled to exchange their certificates for gold- but, thanks to that old devil, fractional reserve banking, as the banks only had $40 in billion for every $100 outstanding, they fell like dominoes, and the Great Depression was on. And today, they think they can fool everyone with cryptos (!!!)
Construct created by law passage in 1913.
None of this is trivial to eliminate unless Congress shares the same focus on the Constitution. And right now, they do not.
No they do not, but the Supreme Court does.
Meh, I have my doubts about SCOTUS. They have avoided all Constitutional issues except 2A where they could clear things up going forward. Yet they carve a tiny slice of a case, leaving the overwhelming issue open for abuse.
Primary examples are COVID and 2020 election fraud... moot and lack of standing. Particularly TX and other conservative states lacked standing against CA and AZ and other cheating states despite the Constitution literally saying state disputes go immediately to SCOTUS. In that world, state disputes go directly to war.
I suspect the Diddy and other style blackmail control levers have much influence over SCOTUS decisions.
Your last sentence should be ridiculous, a farce, or a joke, but I fear it is all too close to the truth.
Epstein Island is another example.
Who knows how many of the powerful are having that string pulled as needed.
"Trump is no more constitutionally literate than the rest of them." You seem to believe no one is 'constitutionally literate'.
Almost no one is. For example as a juror, if you don't believe in a law you simply don't vote to convict even if the person is "guilty". Exactly what the Judge tells you not to do.
It's called, "jury nullification."
Even with Jury Nullification, the Judge still has the final call. He can disregard the Jury's finding (Judgment Non Obstante Veredicto); or he can order the jury to find for the defendant a certain way (Directed Verdict). Look it up...
I have found, thus far, that is, sadly, quite true. Perfect example was the covid debacle. Every day American citizens do not know their rights. The TV tells them what to believe and what to do and they just believe it and do it. You would be hard pressed to find anyone in the WH who is constitutionally literate. If there was, we wouldn't be in this mess.
To all intents and purposes she is right. The laughingly-named Affordable Health Care Act was challenged as being unconstitutional, and what did SCOTUS do but justify it as a revenue bill- but the Constitution requires all revenue bills originate in the House. So SCOTUS, too is illiterate. Furthermore, the law requires all bills be read out in full before Congress, and there was no way this 2500 page monstrosity was going to be read out- so they got away with it by saying, again with no justification, that everyone had indeed read it on their own beforehand. It does not get much more unconstitutional than that!
And you know this how? And how does it apply to the Federal Reserve or Loy Brunson case?
Hard to tell what you are asking specifically. How do I know what? That the country is constitutionally illiterate? Supremes refused to hear the Brunson case so the point is moot.
Last I heard on Brunson case is that it was scheduled to be decided if it was heard or not and the result of their decision was never published on the U.S. Supreme Court website, which always publishes all results and progress of every case they handle. I went to the U.S. Supreme Court website and checked it out myself, I followed every result that was posted. Brunson was asked to sign an NDA, which he did but the results of their decision have never been published. Supreme ALWAYS, without fail, takes a long break in summer but this time they stayed in session until at least August. Why do you think they would do that? And why did Loy Brunson sign an NDA? It looks like this case is not over, I've read it is still on the docket. btw, I'm not constitutionally illiterate, I studied this thoroughly back in grade school in 1960s when it was still taught and I have a copy of the constitution that I always keep handy to consult. I use it often. I'm 70 y.o. and many in my age bracket know the constitution quite well.
I was speaking to the government in particular regarding the constitution. If they followed the constitution, again, we wouldn't be in this mess. I do not follow that case. I am way older than you and still find so few know their rights or much about the constitution. It's sad really. Perhaps now people will become more cognizant and eager to learn.
Your last sentence - yes, I agree, I sure hope so. Too many young people especially have no idea about Constitution. Also agreeing about the govt not knowing. I've watched Trump for a very long time, I'm certain he knows Constitution inside and out, he has ALWAYS been a very patriotic American. I remember back in 1980 he talked about America going downhill and was very sad about it. Several yrs later he expressed that sentiment again and said he might have to run for president some day but really didn't want to, politics is a very mean place and he has a great life is what he said. He has given up a lot to be president and try to straighten out America. His friends & his enemies both have said about him: "Never underestimate Trump. NEVER." 45 yrs of watching him and I've never seen him lose in the end. He might have but not at this point. He has studied deep state for decades.
Trump does NOT know the constitution. Being patriotic and knowing the constitution is 2 different things. If he was going to follow it he wouldn't be writing so many EO's and his first term would have turned out much better. I have watched and listened to Trump since he was a young man. I am aware of how he works and how he thinks. I've been here awhile...lol
You raised the point (conflating patriotism and constitutional knowledge) I was about to make earlier, but stayed my hand.
That's a tall order. The American people are not a moral people any more. There is no incentive for them to abide by the Constitution anymore.
The fact that you're an American and love America should be incentive enough but, sadly, it isn't. Not a moral people any more? When were they ever?
Well, I was born here but my ancestors were Danish vikings. I guess that makes me a viking-American. I love the idea of America but unfortunately, the idea of America that I love died when Andy Jackson went into the Presidency a poor man and came out a multi-millionaire and when old Abe Lincoln destroyed the south over the Morrill Tarriff. Woodrow Wilson, FDR, Lyndon Johnson and Richard Nixon finished the job. That means that this shit was started more than a hundred years before I was born.
I just saw this short video on Black Rock owning Federal Reserve basically, extremely important video, everyone should see this, it explains a lot about our economy:
BlackRock: The Most Shocking Conspiracy YouтАЩve Never Heard Of
https://www.youtube.com/watch?v=loGnB7gNVXI&list=PLOvlNdozlwNqXDW1DzDpfXaiBKnoWPq0J&index=5&t=2s
As one of the largest asset managers in the world, BlackRock holds significant sway in global financial markets. The firm manages trillions of dollars in assets and has a vast network of financial connections. This means BlackRock can indirectly influence policy or market conditions that may align with or respond to Federal Reserve actions, but this is distinct from the Fed having any ownership or direct governance over BlackRock itself.
BlackRock and the Federal Reserve interact primarily in advisory and asset management capacities, especially during times of financial crisis. While BlackRock has been hired to assist the Fed with managing complex financial instruments, it is not a part of the Federal Reserve's structure. However, the relationship between large financial institutions like BlackRock and the Fed is often scrutinized due to concerns about influence and conflicts of interest. Step away from the conspiracy theories.
The President can no more "do away with the Fed" than he can fire the Fed chairman. Andrew Jackson correctly labeled the Fed of his day, the Bank of the United States, a corrupt entity and killed it by refusing to sign the bill to re-charter it- whereupon the BUS triggered a Depression intended to ruin his election chances- but when Jackson sadly informed veterans of the War of 1812 who regarded him as a great hero, that the BUS actions made it impossible to pay their veterans benefits, they correctly blamed the BUS and not Jackson, who was handily re-elected- and left the nation $0.00 in debt, after 8 consecutive balanced budgets and a strong gold-backed dollar, which read "Payable on demand for gold." Compare that to the incredibly complex language and description of the cryptocurrency industry( who stuffed wads of money down Trump's throat (he, who, incidentally hung Jackson's portrait in the Oval Office) that not one man in a thousand can make any sense of. Amazingly, a return to the gold standard- or some standard(!) could be accomplished by making the so-called security strip not out of Mylar(!), but honest-to-God hologrammed gold (or silver.) But that would not be simple enough for the tangled web-weavers who H.L. Mencken branded as "The great practical jokers of the race."
I am aware... but Congress can.
https://mises.org/podcasts/documentaries/playing-fire-money-banking-and-federal-reserve
He could also render them irrelevant. Crypto anyone?
Crypto is more terrifying to me than the worthless paper Federal Reserve notes. Nothing more than digits on a computer somewhere, wiped out with a single power outage or EMP. No, precious metals is where we need to go. Back to silver and gold.
A return to the gold standard could be as simple as making the so-called security strip in what passes for money today not out of Mylar(!) but real gold (or silver)- in other words, putting the gold literally back in the hands of the people. No longer wondering if it was really in Fort Knox. The Fed, working 24/7 to ram CBDC's down everyone's throat(See Jon Forrest Little's writing) wants nothing to do with that- they want to eliminate cash entirely and put everyone under surveillance with each and every transaction. One of the saddest events in history was when Hitler's goons literally put a gun to the head of the Czech finance minister and ordered him to call the Bank of England, where their gold was stored, and border to transferred to Germany's of the vaults. The BOE knew exactly what was going on but they did it- and Chamberlain had held up a piece of paper declaring he had obtained "Peace in our time." But if Czechoslovakia had put its gold in the hands of its own people instead of shuffling it to England for security, this never would have happened.
My question is this: why is Powell saying that Trump can't fire him?
I think because he sees the handwriting on the wall and has heard the cries from everyone calling for Trump to end the Fed. He knows Trump wants his own people and he's not one of them even though Trump is the one who put him there in the first place. Go figure.
Trump put a lot of people in office so he can have them arrested later for crimes they commit. Powell was reappointed by Biden in 2022 and his term expires in 2028; however Biden is illegitimate president and Trump actually won 2020. This is probably going to come out soon, and Trump should now be the president. Powell's appt was illegitimate and that's why Trump can fire him. Just my 2 cents.
Ridiculous even if you are right, which you aren't. Qanon type stuff. Trump isn't going to abolish the Federal Reserve system although it is completely illegal as per the Constitution.
1) I never mentioned "QAnon", you did. btw, it isn't QAnon, there is Q and there are anons. And there is evidence that Q was real & are white hats. I read every single post.
2) What are you basing your claim on that Trump isn't going to abolish Fed Reserve? He has been slowly whittling away at Fed Reserve for a number of yrs, at least 4 of them. I've paid attention and seen solid evidence of this. There was a video of Jerome Powell even saying he wasn't in charge of Fed Reserve, Trump was - that was several yrs ago. Fed Reserve offices in D.C. have been vacant for at least 4 yrs, this info comes from a friend who has worked in D.C. for years. There is A LOT that the public doesn't know because the don't bother to pay attention/do research about truth or what's really going on.
Most federal offices around DC have been vacant since March/April 2020.
If you're reading and repeating the Q BS, nothing you say will be taken seriously.
This is an utterly absurd supposition. Trump didn't put people into office just so he can fire them later on. Come on, man.
Can you imagine the Constitutional shit storm that would befall us if Biden's Presidency was deemed illegitimate? There's no way that will happen. The damage is done. The only thing we can do now is move forward and try to repair the damage Biden did and try to push off the coming financial Armagheddon.
I've watched Trump for 45 years, he works in VERY unusual ways. This is no ordinary presidency, he was never a politician. Here is here to get rid of deep state and prosecute them. Gitmo has been very busy these last few years, this come from military sources. White hats in military also have ALL the evidence of stolen election in 2020 and Loy Brunson case is being talked about a lot right now and may be announced - which will change everything. If you don't know about that look it up, he took his case to Supreme Court but no result/decision has been announced as yet. Biden has ignored our constitution numerous times, there would be no constitutional shitstorm as you call it, as Trump has done everything according to the law, that's how he has always worked. He never loses either. His friends and his enemies all say about him "Never underestimate Trump. NEVER." I've done tons of research on govt., Trump, military and more for years, every single day. You have no idea what's going on if you actually believe what you wrote.
Lol...Gitmo has not been busy, EVERY president thus far has ignored the constitution, including Trump. Trump does NOT always follow the law, let alone the constitution. Telling anyone they have no idea what's going on when you spout pied piper BS is not evidence that you have a clue. It is simply your opinion as you do not cite any valid, legitimate sources to back up what you claim. I cannot take you seriously without legitimate backup. I'm too old for fairy tales.
If you don't believe me, prove me wrong y doing your own research. I'm not here to spend hours digging up sources I found years ago, nor am I here to prove anything to you. Don't expect me to do your research for you. I know what I'm talking about and you haven't proven me wrong. Nor do I need to put up with your rudeness and insults, I'm done here.
Lol...Not meant to insult just stating the obvious. I have yet to have any Q follower provide legitimate source material for any of their claims. It is nothing more than an elaborate web of unfounded claims with no basis in fact. It often involves conspiracy theories that are both logically incoherent and devoid of reliable evidence. But thanks for playing!
Well, E. Grogan, I am a realist and I try to not entertain fantastical ideas. Don't get me wrong, I would be thrilled to see what you are describing actually happen. I am seeing fucking red over what the deep state thugs have done to this country. I'm sick of the constant wars, the debt, the destruction of the dollar, the lawfare, the lack of accountability for the dregs of society (the elite). But what you are describing is fantasy.
I'm a big Trump guy. I have always admired the man even when he was doing his Apprentice TV show. For our sake, I hope you are right.
This is NOT based on fantasy but solid info I've found in my research - which I've done every single day for several hours at least every day for 30 yrs. I've also watched Trump closely, in his many interviews and my info on Brunson case comes from the U.S. Supreme Court docket on their website. Believe what you want to, I'm just putting this info out there.
Then I shall patiently wait and see if what you bring to light will actually come forth. With considerable anticipation.
No.
Thank you, much appreciated. Will soon be starting my own substack column. And yes, my piggy bank is in pretty good shape ATM.
The "Fed" is a private company NOT .gov.
I thought everbody here knew that.
I DO know that and always have, I'm 70 y.o. I just wasn't thinking of that when I wrote my comment. At my age, my brain doesn't work as fast as it used to, especially after CO2 poisoning for 9 months. No need to assume I'm ignorant or to talk down to me.
Thank you, I appreciate that!
Why are you responding in all caps? The comment doesn't seem to support yelling. Just curious.
Start here. https://mileswmathis.com/bestfake.html
The readers here may, but Joe Six Pack certainly does not- and I would suspect that may here do not appreciate that the very Too-Big-to-Fail Banks are the actual owners of the Fed and therefore hold all of us hostage to bailing them out if their own bets go wrong. This is exactly what Andrew Jackson charged when he refused to sign the bill to re-charter the BUS. He said:тАЬGentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!"
HeтАЩs digging in his heels and hoping for supporters to watch his back and abet his defiance.
Many ways to oust a Fed Chairman.
Powell's constituency is very, very small, and Powell is the Mother of American Inflation, printing/counterfeiting $5 Trillion during the Covid Scam on top of the Yellen/Bernanke $3 Trillion Too Big/Jigged To Fail robbery.
"Powell is the Mother of American Inflation" No, the "Mother" is the US Congress - they passed the legislation allowing the money to be conjured into existence & spent. Congress has not passed a budget in I don't know how long.
Biden was the executive who directed the authorized spending. Powell is like a midwife, an assistant in the birth of a monster. Contact your congresscritters about this.
"Contact your congresscritters about this." ~ tresho
You're not serious, right? Please tell me this is sarcasm.
lol
There is something to be said for exhausting all legal remedies before finally taking up arms.
Simple question. Your honest answer will speak volumes. It appears that you believe we live in a lawful country. Has it occurred to you yet, that we actually live in a lawless country?
I used to think of myself as an anarchist- in a good sort of way- but that term is bound to be taken the wrong way because it too suggests that lawlessness might be the norm, and that is the last thing we need. The Biden years have shown the horrific effects of lawlessness, be it from turning a blind eye to thousands entering illegally to shoplifters going unpunished as long as they steal under a grand, to letting cities burn. I fully understand the grievances that led to the French Revolution, but even Camille Desmoulins, who kicked it off with a fiery speech, was left in tears at its horrific excesses. The really lawless types, like SBF, or Madoff, or Epstein were finally brought to justice- but most of what they did could have been avoided if people were more alert. And this forum gods a long way. The shame is that most people have very little time free to engage in this sort of discourse- and then things really do come to a boil.
I appreciate your reply. Here's an example of the kind of thing that makes men go to horrific excesses - when you go after their children.
Merrick Garland, USAG and head of the Department of Justice - a term I use very loosely - has a daughter and son-in-law who own a "media" company - Panorama - that provides "educational" material to our public school system.
The literature is heavily left leaning, gender-bending, DEI, and age inappropriate for our children. When parents find out about this curriculum, they exercise their constitutional rights and protest at schools and School Board meetings.
Garland threatens the parents as "terrorists" and turns the weaponized FBI loose on them - visiting their homes for questioning. There is a special place in hell for Merrick Garland, and if those were my children, I'd follow him there, just to make sure he got there.
These people are evil - cancerous - and they need to be taken out. Nothing a little radiation - think flamethrower - and ammotherapy can't take care of. When you go after a man's children, all bets are off.
Another thought - on anarchists. As you say, the connotation leans toward lawlessness, but my interpretation has always been more "ungoverned" vs. lawless.
Maybe "Strange Bedfellow" will chime in - a self-described anarchist - but much closer to my definition.
He's very bright, non-violent and creative, but just doesn't like people running - governing - his life, as I understand him anyway. I agree with him in that regard.
While...sort of splitting hairs...but
Without the Fed as buyer of U.S. bonds, and always the implied Backstop if the Primary Dealers can't directly fill their Obligations, and always read to lend money to the Primary Dealers and Foreign Banks to keep the churn machine running, without the Fed at the ready to click new (counterfeited) dollars into existence, then the U.S. Government would have to live within their means.
But, you are correct about 1 important thing. The U.S. Government created the Federal Reserve Monster, for the Private New York Banks, in 1913, and now the Fed heavily feeds these Private Banks, Foreign Policy and Military Adventures.
Though the FED is a private organization, just as the USPS. Being that the case, it would seem logical to assume that the President would be able to exercise considerable control over it.
Has the President, or Congress ever vetoed a proposed hike in the cost of a first class stamp? It was a nickel, in my lifetime. But it is certainly true that the Fed is the enabler of the creation of trillions of new debt- Bernanke and others before stated publicly that the Fed did not monetize the debt, but that is a bald-faced lie. Do they suggest that China, or Japan, or Britain, much less Russia are the ones buying all those bonds? It sure isn't the American people either.