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56
Why does Jerome Powell still have a job despite trump trying to fire him?
posted 270 days ago by DaddyStop 270 days ago by DaddyStop +56 / -0

Asking because it makes no sense to me. The only reason I can come up with is because our government has zero control over our money.

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▲ 8 ▼
– Pbman2 8 points 270 days ago +8 / -0

You are correct. The govt has very little control

The FED is privately owned and is for making a profit.

This is why I say,END THE FED.

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– esoptron 3 points 270 days ago +3 / -0

the federal reserve isn't federal and there is no reserve.

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– Megaboom2025 1 point 270 days ago +1 / -0

And yet the gov pays for it

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– DaddyStop [S] 1 point 270 days ago +1 / -0

I already understood this. My question remains. The obvious person will be tempted to say because the president cannot fire people from private companies.

Can someone explain why Jerome Powell is able to keep his job despite many powerful as well as normal people being onto the charade?

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– Pbman2 2 points 270 days ago +2 / -0

They have control of the money,that's a lot of power in DC.

Congress doesn't have the balls to fuk with them. The last guy who tried was shot in the head,down in Texas....

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– DaddyStop [S] 1 point 270 days ago +1 / -0

Damn. Didn't know that one.

Edit oh. JFK.

Well they tried doing it to Trump too but they missed.

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– Pbman2 2 points 270 days ago +2 / -0

They are too fond of the exploding head shot. In the case of Trump I'm sure he also had a lot of body armor. But they still wanted it on film.

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– deleted 1 point 270 days ago +1 / -0
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– Pbman2 1 point 270 days ago +1 / -0

No one in congress has the balls to fuk with them.....

Trump is trying to fire a director for fraud,and they are ignoring him.

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– Panzershrekt 4 points 270 days ago +4 / -0

“In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades. This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.”

Article from 2020

Imagine for a moment that if Trump allowed the steal to happen, and some sort of continuity of government plan were in place for the next 4 years, they would still need access to the Fed. Enter Trump's appointment of Powell.

Biden et al tried to get rid of Powell as well, with a fake little trading scandal leaked by none other than Biden-appointed vice-chair Lael Brainard. The play was to give her Powell's job. Why then, go through this much trouble after delaying Powell's reconfirmation for a whole year? Why reconfirm him at all?

Maybe they had no choice.

I believe this thing with Powell is as much kayfabe as it was with Elon. Interest rates had to be high to forestall a worse economic situation... kinda like Operation Warp Speed. Something Powell promised Biden he wouldn't do to gain his confirmation. Until the next day, when Powell increased interest rates.

The Fed is necessary for destroying the central banking system worldwide from within.

And here's something to chew on for a bit. Imagine if Larry Fink of BlackRock had been turned over the last couple of years and was forced to work for the white hats. An interesting chess piece to have sitting at the head of the WEF all of a sudden, wouldn't you say?

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▲ 1 ▼
– DaddyStop [S] 1 point 270 days ago +1 / -0

Good post and definitely something to think about.

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– NanaQ45 3 points 270 days ago +3 / -0

We don't control the federal reserve because they control us. It's the inversion of what we thought it was. Babylonian money magic.

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– bubble_bursts 3 points 270 days ago +3 / -0

Trump hasn't fired Powell afaik, just Lisa Cook.

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– DaddyStop [S] 2 points 270 days ago +2 / -0

Has he been trying to fire Powell though? I had a friend tell me that he had been. Haven't looked into any stories about this specific subject though.

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– bubble_bursts 3 points 270 days ago +3 / -0

He hasnt and Bessent confirmed multiple times that since Powell's term will end in a few months, once the replacement is announced, it will effectively change him to soften up. So we just have a couple months, and that seems to be part of the plan.

Remember, high interest rates is hurting ECB more than Americans.

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– Bibloop 3 points 270 days ago +3 / -0

Is he going to fire Powell on Monday? And no arrest yet :( I’m beginning to think.. idk.. all we do is wait

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– photobuf 2 points 270 days ago +2 / -0

Just me thinking out loud, maybe Powell is working with Trump! When Trump seems to come out so loudly against someone, he causes the Democrats to rally to to their aid! Powell could be one of the actors that is going to bring the Fed to a close. Of course this would not be the first time I was thinking out my butt either! Kek

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▲ 2 ▼
– weholdthesetruths 2 points 270 days ago +2 / -0

You must be new.

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– Pbman2 4 points 270 days ago +4 / -0

Nothing wrong with that. If we get new people that's a great sign that our work is paying off.

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– DaddyStop [S] 2 points 270 days ago +2 / -0

I'm not new to any of this. I was asking to see what other people had to say and this they them decided to reply without being helpful... effectively wasting their time because I don't care if they think I'm new or not and attempt to tell other strangers on the internet.

Probably a person that struggles with being happy if I had to make a wild guess.

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– weholdthesetruths 2 points 270 days ago +2 / -0

Jeez Nancy it wasn’t some massive dis. So you don’t know how the unconstitutional federal reserve system works yet. Watch a few Ron Paul videos and you’ll be up to speed in no time. Most of us know about this already. Your post came off…well…like a new guy. It was a joke but it was only funny to me because it was true.

Don’t worry, you’ll get over it.

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– weholdthesetruths 2 points 270 days ago +2 / -0

Didn’t say there was anything wrong with it.

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– Mightyspark2024 3 points 270 days ago +3 / -0

that's ok too. The more, the merrier.

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– deleted 2 points 270 days ago +2 / -0
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– Revodude 1 point 270 days ago +1 / -0

Fake bad job, etc. numbers can all be blamed on Powell. While all good news is because of Trump. I think Powell's time is up in May as chair. But as one of the governors, his time doesn't expire until Jan 28. A good chance that the Fed will expire before that.

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