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Posted on 01/15/2026 9:03:22 PM PST by jfd1776
As President Trump has argued his case against Federal Reserve Chairman Jerome Powell in the public square, high-ranking members of the global banking community have rallied to Powell’s defense.
Trump’s argument is that Powell is either incompetent or improperly partisan, as he dithered while a Democratic regime spent the country into oblivion and now he’s refused to accelerate needed reductions in interest rates during a Republican administration. In Trump’s eyes, there has to be a reason for that, and it’s unacceptable behavior.
On top of that, Powell’s supervision of the renovation of the Fed’s national headquarters (the Eccles Building) has undergone incredible cost overruns, which President Trump – as a skyscraper builder himself – considers utterly shocking. So he has called for criminal investigations of Powell for his alleged mismanagement of this project, which has already cost over $2.5 billion, an incredible sum for a building renovation.
The last two Fed Chairmen and a host of private bankers have rushed to Powell’s defense, issuing statements to the press in support of an independent central bank. Mainstream newspapers have editorialized about the importance of keeping such agencies out of the toxic clutches of elected officeholders.
And even from far across the oceans, central bank presidents from the UK, the EU, Australia, South Korea and others issued a joint letter of solidarity with Jerome Powell. They leapt at the opportunity to stand up and be counted as part of a public slap at President Trump.
Nothing new there.
If one reads between the lines, one notices something else – an undercurrent that has run through more and more stories, about more and more agencies, whenever they’ve been in the news in recent years.
“This is such an important issue (banking, land management, environmental regulations, food safety, fill in the blank), that it’s important to trust the professionals, and protect it from the toxic influence of politics.”
The only thing about that sentence that’s toxic is the mentality that would think such thoughts in the first place.
We are talking here about creations of the government – these are administrations with massive power to regulate human life and endeavor – but they were created, either by presidents or by past congresses, to be “independent bodies.”
It doesn’t matter whether we’re talking about the Federal Reserve Bank, which the government created to regulate banking and monetary policy… or the Environmental Protection Agency, which the government created to regulate how manufacturers run their factories… or the Centers for Disease Control and Prevention, which the government created to make recommendations (often the kind you can’t refuse) about vaccinations and workplace protocols – or dozens of other such agencies and bureaus.
The Left’s view of such entities is always the same: once the government created them originally, they deserve to become self-operating forever after, generously funded by the taxpayer of course, but otherwise completely free of any control or oversight by any person or group selected by the people who actually pay for them.
There is an old saying in conservative circles, coined by the former UPI chief and National Review editor John O’Sullivan, and known as O’Sullivan’s Law: “All organizations that are not actually right-wing will over time become left-wing.” This isn’t a matter of simple bad luck; it’s a matter of intent.
For the first hundred years or more of our nation’s operation under the Constitution, both Congress and the Presidency provided oversight, carefully watching the operations, spending, and policies of the various elements of the executive branch. As the leadership of those branches switched back and forth between the parties, different eyes and different attitudes would take turns watching the federal departments of war, state, treasury, and justice.
Government was still small then, small enough for such proper management to actually be… manageable.
But no longer.
We can date the change to one specific, horrible year: 1913, the year that began the Wilson administration, the income tax, the Federal Reserve Bank, and the 17th Amendment. That awful year turned the Constitution on its head, as the last of the ropes that had tethered Washington, D.C. to the state governments were permanently severed, allowing the city of bureaucracies to at last be unencumbered by the will of thoughtful voters.
As agencies propagated throughout the 20th century, they grew more and more independent from the government that established them. It’s almost unavoidable now; with so many such entities, there’s simply no time in the calendar for Congress and the President to carefully study what each one does, audit its books, review its regulations, and debate its value. There’s time for the president to appoint an administrator, and for Congress to allocate some funding; then they have to turn their attention to the next one.
And yes, we now know, this is by design.
If the FDA is independent of our elected president, it can approve lab-created imitation chicken and beef, it can approve putting insects in our food, it can approve an injection calendar for children that totals almost a hundred vaccines by the time they’re out of school.
If the National Labor Relations Board is independent of our elected president, it can issue rulings empowering corrupt marxist unions (that daily disobey such fundamental SCOTUS rulings as Beck and Janus), despite the electorate having voted for freedom and opportunity for America’s workers, and it can continue to support the Leftist practice of ensuring that everything funnels money and campaign work into the Democratic Party.
And yes, if the Federal Reserve is independent of our elected president, it can restrict or expand the money supply in ways that help or hurt the party in power; it can force the closure of independent banks and force the absorption or merging of others. An independent Fed can make it so easy for the government to borrow money that it becomes impossible for the private sector to do so, because there’s nothing left to borrow.
There is a reason why all the central bankers in the world are marching in lockstep on this issue, and it’s the same reason that the Democratic Party and the mainstream press are in agreement.
This isn’t a Republican or Democrat issue, and it isn’t even a monarchist versus republic issue, or a Western Hemisphere versus Eastern Hemisphere issue.
The Trump movement – call it Republican, call it populist, call it MAGA, it doesn’t matter – believes that if government created something, it needs to answer to the electorate. Period.
And the globalists – call them marxists, call them the swamp, call them the deep state, it doesn’t matter – desperately want as many functions of government as possible to be untouchable by “politicians,” and be nestled safely in the hands of the elite technocracy. Period.
We may want to feel that the more important things are, the more they should be “independent” of the crass world of politics, but that’s only because we’ve been conditioned to believe that politics is crass.
What could be more important than the power to operate the court system, or the power to run the army and navy, or the power to declare war? Nobody claims that these powers are so “important” that they should be “independent” of political decision-making, because it would be a ridiculous point to argue.
But wherever they think they can make the argument, they do. Because their goal is a wild, uncontrolled, unrestricted archipelago of powerful agencies, answerable to nobody you know, operated by nobody you can identify – just run in the background by NGOs, the lobbyists, the global clubs. This isn’t conspiracy theory – though thirty years ago, it would certainly have sounded like it.
No, we now see the evidence every day, as agency chiefs fly around the world (on the taxpayers’ dime) to join hands with their fellows in other countries and do to us exactly what the EU, the UK, Mercosur and ECOWAS and so many more all want to do to their people. Every day.
The difference is, the United States ratified a Constitution that doesn’t allow that sort of thing. Our Constitution doesn’t allow any agency of our federal government to take marching orders from foreign organizations, and we finally have a President who’s standing up to the idea.
The past year has been an enlightening time. Every time President Trump makes a proposal that sounds dubious, and we voters sit back and contemplate the issue, an amazingly homogenous chorus arises in self-righteous, elitist opposition that makes our decision crystal clear.
President Trump makes all the right kinds of enemies.
As the Left screams louder and louder that the taxpayers have no right to run our own federal agencies, all it does is embolden the rest of us to respond, “Oh, Yes We Do.”
Copyright 2026 John F. Di Leo
John F. Di Leo is a Chicagoland-based international transportation and trade compliance trainer and consultant. President of the Ethnic American Council in the 1980s and Chairman of the Milwaukee County Republican Party in the 1990s, his book on vote fraud (The Tales of Little Pavel), his political satires on the Biden-Harris administration (Evening Soup with Basement Joe, Volumes I, II, and III), and his first nonfiction book, “Current Events and the Issues of Our Age,” are all available in either eBook or paperback, only on Amazon.
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
A very thoughtful take on our federal behemoth. As you said, it’s crystal clear.
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