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E. Grogan's avatar

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.

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Jeanne Dukes's avatar

Nope. Not how it works. Trump is no more constitutionally literate than the rest of them.

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kam's avatar

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.

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Lugh's avatar

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.

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OTOH/IMHO's avatar

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 (!!!)

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J Boss's avatar

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.

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Old Gyrene's avatar

No they do not, but the Supreme Court does.

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J Boss's avatar

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.

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Old Gyrene's avatar

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.

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tresho's avatar

"Trump is no more constitutionally literate than the rest of them." You seem to believe no one is 'constitutionally literate'.

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Lugh's avatar

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.

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astera's avatar

It's called, "jury nullification."

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Poolside at the Decline's avatar

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...

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Jeanne Dukes's avatar

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.

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OTOH/IMHO's avatar

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!

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E. Grogan's avatar

And you know this how? And how does it apply to the Federal Reserve or Loy Brunson case?

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Jeanne Dukes's avatar

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.

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E. Grogan's avatar

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.

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Jeanne Dukes's avatar

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.

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E. Grogan's avatar

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.

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Jeanne Dukes's avatar

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

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VHMan's avatar

You raised the point (conflating patriotism and constitutional knowledge) I was about to make earlier, but stayed my hand.

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OTOH/IMHO's avatar

Well, each elected representative, as well as all federal appointments, including military officers, take an oath to "support and defend the Constitution." This would seem to imply that if they were not up on what was in it at the time, they voluntarily took it upon themselves to find out what they were supporting. It would make a lot of sense to require all of them, just as one has to do to get a drivers license, to pass a written test before they could be finally confirmed in office.

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Cankerpuss's avatar

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.

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Jeanne Dukes's avatar

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?

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Cankerpuss's avatar

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.

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Jeanne Dukes's avatar

I don't disagree.

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Nov 11
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E. Grogan's avatar

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 You’ve Never Heard Of

https://www.youtube.com/watch?v=loGnB7gNVXI&list=PLOvlNdozlwNqXDW1DzDpfXaiBKnoWPq0J&index=5&t=2s

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Jeanne Dukes's avatar

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.

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