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President Trump on Friday floated the possibility of firing Federal Reserve Chair Jerome Powell as part of his latest round of intense criticism of the leader of the central bank over its decision not to lower interest rates. Trump, in a lengthy post on Truth Social, railed against Powell, labeling him a “numbskull,” “a dumb guy,” “and an obvious Trump Hater.” Trump appointed Powell to the post in 2017. I fully understand that my strong criticism of him makes it more difficult for him to do what he should be doing, lowering Rates, but I’ve tried it all different ways,”...

@RandPaul Congress spends $2 trillion more than its revenues, the Fed then buys this debt. Congress then pays the Fed interest. The Fed then pays interest to big banks to keep cash reserves. This is how govt makes the rich richer. But it gets worse. According economist Judy Shelton: “44% of the more the Fed currently [pays to the big banks] goes to foreign banks.” So, as Congress drags our country into bankruptcy, the FED enriches rich foreign banks.

President Donald Trump is lashing out on social media. Jerome Powell is on the receiving end of today's ire. Powell, the Federal Reserve chair who is slowly cutting back interest rates to minimize the risk of continued inflation, is caught in the President's crosshairs after a paltry jobs report. US private payrolls increased far less than expected in May, the ADP National Employment Report showed on Wednesday. Private payrolls increased by only 37,000 jobs last month, a far cry from analyst projections and the worst private job hiring slump since March 2023. Economists polled by Reuters had forecast private employment...

First, the federal debt crisis has reached a breaking point, with skyrocketing interest payments now surpassing defense spending and on track to become the largest single budget item. This trajectory is unsustainable, signaling that a major financial reckoning is imminent. Second, the Trump administration views the US dollar as severely overvalued, believing it is crippling the economy and that urgent intervention is necessary…. Devaluing the dollar is a boon to debtors, especially the US government, allowing it to borrow in dollars and repay in dimes. Short of an outright default—which Washington is unlikely to do—a weaker dollar is the only...

Now you know why Trump is so eager to cut wasteful spending! The real mystery is why Democrats and RINOs are so determined to continue wasteful spending and not cut taxes. Trump inherited a fiscal disaster from Biden and Congress. Not to mention The Federal Reserve. Credit default swaps (CDS) for the USA are near Greece (and China) levels. ... Since Covid struck in 2020, US debt is up a staggering 56% ... And M2 Money is up 40% since Covid.

Is Saudi Crown Prince Mohammed bin Salman trying to sabotage Joe Biden’s reelection bid? It’s quite possible. The Saudi leader, known as MBS, has made clear his disdain for President Biden, and his fury over insults lobbed at him by this White House. He is a powerful force behind the current surge in oil prices, which could — if sustained — contribute to Biden’s defeat. Oil prices are soaring — up 19 percent since the start of the year. Since they lag behind crude oil, gasoline prices have only jumped 14 percent so far. But, unless oil markets take a...

Elon Musk said DOGE “should definitely” investigate after The Post’s exposé of the Fed’s $2.5 billion revamp of its Washington, DC, headquarters — a lavish project that the Tesla titan called an “eyebrow raiser.” The Post exclusively reported earlier this week how the Fed’s top brass were pushing ahead with the pricey renovations despite mounting losses on its balance sheet, catching the eye of President Trump’s austerity axman-in-chief. “Since at the end of the day, this is all taxpayer money, I think we certainly — we should definitely — look to see if indeed the Federal Reserve is spending two...

President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs, who warned of financial chaos and store shelves that could go bare, people familiar with the conversations said. The warnings — and the markets’ own volatility this week — seemed to have broken through. Trump backed down Tuesday from his threats to try to remove Powell from the job, telling reporters in the Oval Office: “I have no intention of firing him.” That prompted sighs of relief on Wall Street. A...

President Donald Trump on Tuesday said he has “no intention” of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. “None whatsoever,” Trump said in the Oval Office when asked to clarify that he did not seek Powell’s removal. “Never did.” The comment represents a dramatic shift for Trump, who has recently ramped up his rhetoric against Powell and declined to rule out the possibility of taking the unprecedented step of firing him. U.S. stock futures rose sharply across major indexes following Trump’s latest remarks. Trump, who has heaped pressure on the...

If Donald Trump is upset about higher interest rates, he should stop doing just about everything he can to undermine the U.S. economy in the eyes of the world. As the U.S. becomes a riskier place to do business because of tariffs and fiscal uncertainty, and the independence of the central bank comes under threat from the president, people will demand higher yields to make buying U.S. sovereign debt worth their while. Maybe you think Trump’s trade policy has merit or the Federal Reserve needs to be brought more firmly under the president’s control. That’s a separate question from how...

If the White House wanted a test of how firing Jerome Powell would go over in the markets, it succeeded on Monday. U.S. stocks and the dollar plunged while yields on long-term Treasurys climbed after President Trump renewed his attacks on the Federal Reserve Chairman. Monday was the first full trading day for markets to absorb National Economic Council director Kevin Hassett’s comments Friday that the White House is studying if Mr. Powell can legally be fired. On Monday Mr. Trump demanded again that Mr. Powell make “pre-emptive” interest rate cuts to avoid a slowdown. Cue the meltdown in stocks,...

In this explosive episode of Soar Financially, Dr. Judy Shelton—former economic advisor to President Trump and Senior Fellow at the Independent Institute—joins us to deliver a sharp critique of the Federal Reserve and propose bold reforms that could reshape the global financial system. We unpack the true role of the Fed, gold-backed bonds, currency manipulation, Bretton Woods 2.0, and how to restore monetary integrity in America. -Why is the Fed too powerful? Could gold-backed 50-year bonds anchor the dollar? And is the U.S. actually “cheating” in global markets? The Fed Is Too Powerful 00:43 - Meet Judy Shelton: Credentials &...

President Trump’s tariff war isn’t going well, with market ructions and evidence of a slowing economy. So it was probably inevitable that Mr. Trump would demand that the Federal Reserve ride to his rescue by cutting interest rates. The President took to social media Thursday morning to blast Fed Chairman Jerome Powell with his familiar nuance. “Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’ Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS,” Mr. Trump wrote. “Too...

Yesterday President Trump signed what could prove to be his most important executive order to date. The order addresses the so-called “independent agencies” of the Executive Branch–the SEC, the Federal Reserve, the FDIC, the Federal Trade Commission, the Federal Communications Commission, and so on. The purpose of the order is to bring these agencies under presidential control. It begins: Section 1. Policy and Purpose. The Constitution vests all executive power in the President and charges him with faithfully executing the laws. That is correct. The first sentence of Article II is: The executive Power shall be vested in a President...

Finding links to the Soros family in the Joe Biden White House should come as no surprise. In addition to George’s decades-long meddling in our politics, he spent tens of millions backing Biden and other Democrats in 2020, and Alex got in on the action too, throwing $700,000 at the would-be worst president of the 21st century. As documented in the book The Man Behind the Curtain: Inside the Secret Network for George Soros (2022), George planted his seeds of influence in the Biden White House even before Biden took office. During the transition, the incoming Biden administration assembled “Transition...

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This is why it fell apart.

Why is Elon Musk supporting Ron Paul leading an audit of The Federal Reserve such a big deal? Because The Fed has NEVER had a full audit, or full disclosure of monetary policy decisions Example: The Fed got caught doing HALF A TRILLION in swaps overseas with no oversight Federal Reserve Chairman Ben Bernanke was even questioned about giving this half a trillion in swaps to the central banks overseas: No one gave the approval and he says he doesn’t need approval, “We have a longstanding legal authority to do swaps with other central banks — It's not an emergency...

@TaraBull808 Elon Musk is considering to have Ron Paul head up an audit of The Federal Reserve

China’s spying campaign is pervasive and relentless. Former Federal Bureau of Investigation Director, Christopher Wray said, ““The PRC [People’s Republic of China] has made it clear that it considers every sector that makes our society run as fair game in its bid to dominate on the world stage, and that its plan is to land low blows against civilian infrastructure to try to induce panic and break America’s will to resist.” Well said by former Director Wray, but if the FBI and Department of Justice had spent less time spying on Catholics, Pro-Lifers, and School Board attendees, maybe they would...