Free Republic

Lisa Cook is, or was, a member of the Board of Governors of the Federal Reserve. President Trump wrote Cook a letter, firing her for cause, i.e., mortgage fraud. He announced the firing on Truth Social:Rather than going quietly, Cook responded by suing Trump and others, alleging that grounds for her firing do not exist and asking for declaratory and injunctive relief to that effect. It alleges that Trump’s grounds for firing Cook are pretextual, and the firing is an attack on the Fed’s vaunted independence. The Cook cases raises several issues. The Federal Reserve Act says that the president...

If the Chinese yuan were to become the global reserve currency, it would, in essence, give the CCP the ability to cripple entire nations.In July 1944, 44 delegates from Allied countries came together during World War II in Bretton Wood, New Hampshire. The goal? Devise an international currency system to manage foreign exchange that would disadvantage no country and effectively facilitate post-war rebuilding and commerce. The outcome: The U.S. greenback would be the world’s reserve currency.It has been almost 80 years since, and all nations have been better off with a United States dollar-dominated world. World gross domestic product (GDP)...

"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! Should I let you go on, you will ruin fifty thousand families, and that would be my sin!" —President Jackson, explaining his unwillingness to allow the Second Bank of the United States to continue, in a quote that could easily describe President Trump's mindset with respect to today's Federal Reserve Big-League Betrayal: Assisted by President Wilson, a Banking Cartel Ascends to PowerIn 1913, President Wilson signed the Federal...