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.

https://rudy.substack.com/p/choosing-long-term-pain-over-crisis

Eventually, after some real critical thinking and common sense, we all realize it’s the banks vs. the people. Enabled by a government that actually hates you.

https://x.com/JSanchezTorron/status/2006707985679004066

A promissory note can function as currency as long as the debt is not repaid. This is the logic on which the Bank of England was founded, the first successful modern central bank. In 1694 a consortium of bankers made a loan of 1,200,000 pounds to the king. In return, they received the royal monopoly on the issuance of banknotes. In practice, this meant that they could issue promissory notes for a portion of the money the king owed them to any citizen of the kingdom who wanted to buy them, or deposit their money in the bank: in effect, circulating, or "monetizing" the newly created royal debt. This turned out to be quite a business for the bankers (they charged the king 8% annually on the original loan and charged simultaneous interest on the same money to the clients who borrowed it), but it only worked as long as the original loan was never canceled. To date, the loan has not been repaid. It will never be repaid. If it ever happened, the British monetary system would cease to exist.

David Graeber
'Debt: The First 5,000 Years'

Gold and Silver are just getting warmed up. India officially accepts silver to back real estate transactions. BRICS backing their currency play with gold and silver. China supplies 70% of worlds silver and all exports will now go through CCP. Silver does not have substitutes, so companies that rely on it must buy or die.

Will we be wiping our asses with federal debt notes before the end of 2026? Seems likely.

Yes, even if salary inflates along with prices, you do not get richer but you pay more in taxes. Unfortunately, people feel rich when salaries and home prices inflate. One can feel smug now that the $600k home he bought 10 years ago is now valued at $1million, but in reality he still has the same home but now pays taxes like a million dollar homeowner.

HeadSet says

Yes, even if salary inflates along with prices, you do not get richer but you pay more in taxes. Unfortunately, people feel rich when salaries and home prices inflate. One can feel smug now that the $600k home he bought 10 years ago is now valued at $1million, but in reality he still has the same home but now pays taxes like a million dollar homeowner.

And in some point your property taxes will surpass your SS retirement, despite house paid off. Then you may be homeless.

HeadSet says

Yes, even if salary inflates along with prices, you do not get richer but you pay more in taxes. Unfortunately, people feel rich when salaries and home prices inflate. One can feel smug now that the $600k home he bought 10 years ago is now valued at $1million, but in reality he still has the same home but now pays taxes like a million dollar homeowner.

That’s American economy in a nutshell. We inflate prices of everything and call it markets.

REpro says

And in some point your property taxes will surpass your SS retirement

Ozempic Santa points the way.

The FED is unlikely to be eliminated, as it plays a main (biggest ever) role in controlling the money supply and managing currency stability. Powers no administration is realistically willing to just give up. Trump doesn't want to end the FED, he just wants to control it. While political leaders may pressure for lower interest rates to stimulate growth or increase asset prices, the Federal Reserve remains the main vehicle for money printer when government spending exceeds budgets, and assholes in Congress constantly exceed budgets. The real variable is not whether the Fed exists, but how much influence a president can exert over its policy decisions and how much it prevents inflation.

Whole system is screwed up and corrupt. We have been buying our own debt, think about it, that's Zimbabwe level crap.

https://x.com/Ambar_SIFF_MRA/status/2010703497709187338

https://www.coffeeandcovid.com/p/late-admissions-monday-january-12

And there it was. Unlike the Times’ useless article, Luna’s July 2025 press release explained: (1) when Powell lied to Congress; (2) exactly what he said that wasn’t true; (3) which documents proved the Fed Chair lied under oath; and (4) which specific laws he allegedly broke, right down to the statute number (to wit: perjury and making false statements to federal officials).

The dustup centers on the Federal Reserve’s hyper-luxury $2.5 billion renovation of its headquarters building. According to Rep. Luna, the project includes swanky features like a VIP dining room, private elevators, a yoga retreat, premium marble, Disneyesque water features, and a rooftop arboretum where stressed fed governors can blow off steam by hunting kidnapped taxpayers.

During his sworn Congressional testimony, Powell denied that any of those features were included in the “final plans.” But Ms. Luna found the final plans and, contrary to Powell’s claims, dang it, the sumptuous features were right there. Thus: five Pinocchios. ...

Powell’s tenure as Fed Chair expires in May, though he could still cling on until 2028 as one of the twelve Fed governors.

But if the DOJ develops evidence that Powell did lie, it would give Trump “cause” to legally fire him. Just saying.

Powell is FULL OF SHIT.

There is no "Indictment", there's a subpoena for information about budgets and cost overruns, related to the new Fed Building.

1. Powell is the one who decided to disclose the existence of the grand jury subpoena, not the government. The government is generally prohibited from discussing grand jury proceedings.

2. Contrary to Powell’s statement, service of a subpoena on the Fed is not a threat to indict him. Subpoenas are investigative tools. It’s possible that the government separately advised Powell that he was a “target” of the investigation, but he didn’t say that.

3. Nowhere in the statement does Powell say his testimony to Congress about the Fed construction project was truthful and accurate.

https://x.com/MetaLawMan/status/2010816276508082343?s=20

US Attorney "Judge" Jeannine Pirro

The United States Attorney’s Office contacted the Federal Reserve on multiple occasions to discuss cost overruns and the chairman’s congressional testimony, but were ignored, necessitating the use of legal process—which is not a threat.

The word “indictment” has come out of Mr. Powell’s mouth, no one else’s. None of this would have happened if they had just responded to our outreach.

This office makes decisions based on the merits, nothing more and nothing less. We agree with the chairman of the Federal Reserve that no one is above the law, and that is why we expect his full cooperation.

https://x.com/USAttyPirro/status/2010886969518170452?s=20