Brilliant! By using “ Gain of function” terminology Bessent is equating the Fed and Powell to Fauci and his C19 manipulation and corruption. The Fed is a virus!! Expose the lie!
I noticed that too. Brilliant is right! In fact some financial expert I can't recall the name of said the Fed has caused every recession since its inception
I believe it should happen. There's a lot of corruption gonna be unearthed there. Let's get it all out in the open so we all can see what's been going on there for years. By all means do an internal review. Go for it.
The real question is, did that headquarters really COST $2.5 billion, or was that money paid out in ways that eventually lined the Fed big wigs pockets? Here in NY, taxpayer money is either fraudulently spent, or incompetently spent, probably a combination of both in most cases. A private group "paid" about $35 million for a project about 20 years ago ("Walkway Over the Hudson"). What was involved shouldn't have cost more than 4 or 5 million. After project completion, it became a NY State Park, with that 35 million transferred to the taxpayers of NY.
There’s more to this story. President Trump said on CNBC’s “Squawk Box” yesterday that Scott Bessent is no longer being considered for Federal Reserve Chairman.
“I love Scott, but he wants to stay where he is,” Trump said.
I'm always surprised how little anyone know about how the Fed actually operates. Bessent thinks that taxpayers pay for how the fed operates, but they don't take a dime of actual federal money. The Federal Reserve System, while it is a part of the federal government, is self-funded and does not rely on congressional appropriations. It covers its operating and capital expenses primarily through the interest earned on the government securities it holds.
The Federal Reserve is an entirely privately owned bank. It is not part of the federal government. They don't take a dime of federal money because they're the ones creating it out of thin air.
Brilliant! By using “ Gain of function” terminology Bessent is equating the Fed and Powell to Fauci and his C19 manipulation and corruption. The Fed is a virus!! Expose the lie!
I noticed that too. Brilliant is right! In fact some financial expert I can't recall the name of said the Fed has caused every recession since its inception
Big if true!
I believe it should happen. There's a lot of corruption gonna be unearthed there. Let's get it all out in the open so we all can see what's been going on there for years. By all means do an internal review. Go for it.
I love how the Trump team members this time around are competing to see who can be the most badass at their job
Tulsi - Kristi - Bessent - Lutnick - Homan - Burgum - Zeldin - to name just a few - jury still out on Kash, Bongino and Bondi but fingers crossed
...you don't say?...
The real question is, did that headquarters really COST $2.5 billion, or was that money paid out in ways that eventually lined the Fed big wigs pockets? Here in NY, taxpayer money is either fraudulently spent, or incompetently spent, probably a combination of both in most cases. A private group "paid" about $35 million for a project about 20 years ago ("Walkway Over the Hudson"). What was involved shouldn't have cost more than 4 or 5 million. After project completion, it became a NY State Park, with that 35 million transferred to the taxpayers of NY.
There’s more to this story. President Trump said on CNBC’s “Squawk Box” yesterday that Scott Bessent is no longer being considered for Federal Reserve Chairman.
“I love Scott, but he wants to stay where he is,” Trump said.
But we have to ask Powell to pretty please audit yourself?
The FED is creating fiat money. That's the scandal. Lol. Sheesh.
I'm always surprised how little anyone know about how the Fed actually operates. Bessent thinks that taxpayers pay for how the fed operates, but they don't take a dime of actual federal money. The Federal Reserve System, while it is a part of the federal government, is self-funded and does not rely on congressional appropriations. It covers its operating and capital expenses primarily through the interest earned on the government securities it holds.
Except, apparently, for their buildings.
Except, apparently, not, because they are funding that themselves.
The Federal Reserve is an entirely privately owned bank. It is not part of the federal government. They don't take a dime of federal money because they're the ones creating it out of thin air.
Anyone have a link to the full interview?
Internal review? Like an intelligence agency? How about a DOGE review?
When/if they find it, then President Trump should easily be able to FIRE Jerome Powell! I surely hope so!