patrick.net

Under the Federal Reserve Act, the Fed is exempt from federal, state, and local taxation, except for real estate taxes.

This exemption applies to its income, capital stock, and surplus funds.

Nobody really know how much capital stock is or who are shareholders or how income distribution looks like.

https://rudy.substack.com/p/consumers-are-collapsing

Nomi Prins

“The Federal Reserve was created to help Wall Street…It wasn’t created to help individuals who couldn’t get their money out of banks in the panic of 1907 in New York City. It was for people like JP Morgan, who wanted to make sure that his literal friends who ran other banks and insurance companies had a source of help should another panic happen.”

https://rudy.substack.com/p/the-false-security-of-consensus

“This is the problem with central banks the world over: they are in the business of imposing prosperity through financial means, rather than by treating prosperity as a co-product of actual growth. Their intentions are the best but what they are doing is incalculable harm.”

Jim Grant, 2011

(Source: My notes from a now-deleted Bloomberg interview with Grant and Jim Rickards)

https://ground.news/article/former-fed-gov-kugler-violated-trading-rules-while-at-the-central-bank-ethics-report-found

Former Fed Gov. Kugler violated trading rules while at the central bank, ethics report found

Adriana Kugler resigned from the Federal Reserve after Jerome Powell denied her request for a waiver regarding her financial holdings that violated ethics rules, according to a Fed official.

Kugler faced an investigation by the Fed's internal watchdog concerning her financial disclosures before her resignation in August.

Kugler acknowledged that her spouse's purchases of Apple Inc. and Cava Group Inc. shares violated investment rules, stating, 'my spouse made the purchases without my knowledge.'

Kugler's resignation allowed President Donald Trump to appoint Stephen Miran to the Fed's board amidst his pressure for lower interest rates.

Not sure its the Rothschilds, but there does seem to be something there.

Fed Funds rate is 3.75% to 4% before today's 0.25% rate cut. 9 voted for this and 3 against which may mean the next rate cut may only get 7 or 8 votes if conditions remain the same.

Patrick says

How one man can decide how much interest taxpayers must pay monthly to Rothschild family for money they never really had.

>Rothschild family doesn't want to get reduced or null "real cash flow" from interest rate year after year so:

Average Margin Between Fed Funds Rate & Inflation?
Short answer:
Across modern U.S. monetary history (1954–2025), the average margin between the Fed funds rate and CPI inflation is roughly:

✅ ≈ +1 to +2 percentage points
Meaning:

Fed Funds Rate ≈ Inflation +1% to 2%
This is consistent with the Fed’s long‑run behavior: keeping real interest rates slightly positive.

Independent is a another, nicer way of saying "Unaccountable"

Imagine if your personal income was overseen by an independent board you could neither fire nor direct nor replace unless they resigned themselves.