patrick.net

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