This guy is obviously a bad steward of money if he spends 2.5 billion dollars on renovations.Should someone that overpays by 10-30x for renovations be in charge of all the money?This seems on it's face retarded. Why not put someone in massive credit card debt in charge? Is it really arguable that someone with this little reality in his head runs all the money?
>>61631859What is ML?
What is GP?
>>61631883Gay Powell?
>>61631859On what basis do you say the Fed is overpaying for the renovations?Here is a an article about the renovations. Some extracts:>Construction on the Marriner S. Eccles Federal Reserve Board Building and the adjacent Federal Reserve East Building involves adding new office space, removing asbestos and lead, and replacing antiquated mechanical systems. Neither the Eccles Building — an austere edifice designed by Paul Cret and dedicated by Franklin D. Roosevelt — nor the East Building has been fully renovated since they were built almost a century ago. >Parts of the job call for deep excavation. Expanding the Fed’s campus involves converting a parking garage underneath the Eccles Building into additional office space. A five-story addition on the north side of the Fed’s East Building also boasts four extra floors below ground — a common trick in Washington, where heights are capped and historic vistas are protected. Below the south lawn of the East Building, a 318-space parking garage is being added. According to the Fed, the water table was higher underground than builders had predicted. >Building a new basement below an existing structure is a huge undertaking. Berkel and Company Contractors, a specialty foundation contractor, had to physically lower the slab on which the building stands, supporting the structure while excavating the ground beneath it>As landscape architect Phia Sennett wrote on the website of the National Trust for Historic Preservation, the Tidal Basin and surrounding area were filled from sediment dredged from the Potomac River and built over a series of creeks. To complete the Smithsonian’s National Museum of African American History and Culture — more than 60% of which is below ground on the National Mall — architects had to design an enormous “bathtub” to keep the water table out. https://www.bloomberg.com/news/articles/2026-01-12/why-the-federal-reserve-s-renovation-costs-2-5-billion
>>61631859Figures the one non-jew to head the fed is a completely worthless cocksucker. Get this fucker out and put a Jew back in who knows what they're doing.
>>61631859>if he spends 2.5 billion dollars on renovations.it is literally not real money who cares
>>61631905>bloomberg>no actual numbers mentioned in reference to anythingSo, like I said...why not just put a person with massive credit card debt in charge?If you are in debt and losing money do you remodel your hovel for $38,000 or do you just keep it the same because it obviously serviceable for edgelording online?
>>61631919If you had cared to read the article, you would have seen that it contains some reference numbers.Extracts:>The project was always going to be tricky, with initial cost estimates pinned at $1.9 billion. >Excavating underneath historic structures is expensive work. A proposal to shore up the Smithsonian Institution’s 19th-century Castle against seismic rumbling with an expansion below ground totaled $2 billion before the plans were shelved. Building along the National Mall is tough as well. Much of the land didn’t exist a century ago. >As landscape architect Phia Sennett wrote on the website of the National Trust for Historic Preservation, the Tidal Basin and surrounding area were filled from sediment dredged from the Potomac River and built over a series of creeks. To complete the Smithsonian’s National Museum of African American History and Culture — more than 60% of which is below ground on the National Mall — architects had to design an enormous “bathtub” to keep the water table out.>Construction costs for that building, which opened in 2016, reached $540 million, 50% more than an initial estimate. The price tag for the National September 11 Memorial and Museum, another project with daunting underground requirements and multiple stakeholders, rose to $1 billion before construction was halted in 2011. Its final costs were reported at $700 million.
>>61631931kekThanks for making my point.They have no ability to budget or even accurately forecast the costs of a single building renovation.Yet they are in charge of the entire ordeal here?topkek I've got a business worth probably 5-7 million dollars and I am extremely good at forecasting the price of things within 5%.I built two warehouses a few years ago and estimated them at $250, 000 each and I ran under by about $8,000 on each.
>>61631931Literally no one competent or capable overruns by 50%.It's fraud or total incompetence.
>>61631859>Demands neoclassical buildings>doesn't want to pay neoclassical cost
>>61631859He should have already been fired for the high inflation we had. Maintaining price stability is the one and only good reason for the fed to exist, and he couldn't even manage that despite the fact that all monetary expansion in the US is thanks to his shareholders.
>>61631859all just part of the plan
I don't mean to be a negative nancy or anything, but at least renovations in the US actually happen according to regulations and usually don't go that much over budget or timeframe. In communist shitholes like Europe, contracts mean fuck all and it is expected that initial projections over budgets and time constraints are long surpassed and it is so ordinary that it is almost standard practice. SMART means nothing and there is a heavy air of systematic corruption when it comes to government funding of constructions.
>>61631905Not to be a blatant rightoid but the cost overruns are public knowledge. Like it or not, if the FED bills the UNITED STATES for terrazo floors marble walls and a new stone fountain, they have a right to ask why. What's really scary is JPow's response to the investigation - he immediately goes in front of a camera and says nothing, just moral grandstanding, then immediately after global bankers sign a resolution of solidarity behind Jerome... personally, just from a finance perspective, that turns my blood to ice. Something big is coming
>>61631999>>61632005dunning kruger at work.
>>61632005So trump and his ballroom?
>>61631859You should be kissing his ass for the soft landing.
>>61632958Bigly. Very bigly.
>>61632958Because it's very obvious that the fed govt is being weaponized to go after him for not doing Trump's bidding. Denying this is disengenuous.
>>61633664>never even seen $250k let alone spent it
This is one of those things where trump unironically knows a shit ton about, he was a builder for decadesJ pow could have saved BILLIONS if he just hired an actual construction manager instead of larping as one
>>61633725Oh look, someone coming into the discussion to troll and make useless comments. Disregard.>>61632005What world do you come from? You sound like a larper. And even if true a warehouse is leagues away from a fed building. They have more to worry about than running plumbing and electrical>T. Dod pm with TS clearance Sensitive fed projects are a lot more complex than your fork lift ware house.
>>61633735Lololololololololol trump is notorious for being a horrible shitty grifting builder with money going missing, over budget, over deadline, and with many people left to pound sand after not getting paid. god damn, MAGA fags have drunk the Kool aid HARD
>>61633745>>61633754 Speaking of larpers, weve caught an Ivan doin a little agipropEnjoy the rubles while they last
>>61633767Cringe. At least try.
>>61633745Yea, but you don't say anything to the guy I responded to that made the same level of comment.hmmm...Sorry butthurt faggot. They are robbing you blind. MAYBE at least don't like it and ask for more.
>>61633774No, his post actually made sense. You don't know what it means, do you lol?
>>61632254>they'll outlaw private ownership of gold>but not silver for some reason, silver is fine, keep stacking bros>also buy chainlink
>>61631905>On what basis do you say the Fed is overpaying for the renovations?Shut the fuck up, retard.Fed can meet on Zoom while they WFH just like everybody was forded to during the plandemic.There is no need for them to have ANY building at all.If they need an office, there is WeWork or its modern equivalent. Just rent it.If they need a safe, there are more than enough banks and other institutions that are happy to accommodate them for a fraction of the cost.Being a Fed employee can be done entirely from ones own bedroom or home office.There is no need for ANY building whatsoever, let alone one that costs billions(!) just to renovate LMAOAgain, fuck you.
>>61631915all that>not real moneythat the Fed was printing over nearly two decades suddenly did show up on your grocery bill, for example.But I understand why you say it's not real. None of that money ever made it to your pocket.>inb4 billionaire portfolio anon chimes in
My head canon is that he trusted Trump since he had appointed him, but then Trump lied to him about key facts in his fiscal policy decisions so he looked like an idiot saying the inflation was temporary. Trump tried to roll him under the bus. Now he’s trying to fight back.
>Hurr durr the price has gone up from originally estimated a decade agoSays the orange beef jerky after 2 terms of fucking up the value of the dollar
>>61633990Wow crazy that the President issued a executive order banning work from home and requiring neoclassical buildings
Building and renovating historic, memorable structures that will last for generations is a good expenditure of taxpayer dollars. No one's life has been made worse by the fact that a beautiful, old building still exists. Innumerable lives have been made worse by the replacement of historic architecture by mass-produced modern architecture.2.5 billion is the cost of a single B2 bomber. 2.5 billion is what we send to Israel in a month. We spend money on this scale so frivolously and uncaringly, on bullshit projects that don't even see the light of day half the time, if you are complaining about this expenditure you're simply retarded and looking for something to be angry about.
>>61634039That's because most POTUS are retarded.
>>61634081All these billion dollar buildings paid for by tax dollars you will never be inside of in all of your life.They do not serve a purpose for you as well as 99.999999whatevertherfuck% of the population.Those buildings are not infrastructure, they are not an requirement.Therefore shit like that should be crowdfunded by charity with a hefty (25%+) tax slapped onto the donations, to be paid by the donor.And no donation can come from ANY governmental entity.Let's see how necessary those buildings are then.
>>61631859He printed for Blackrock. He made everybody poor
>>61631859https://www.youtube.com/watch?v=XfAE5emMCs8
>>61631999retard
>>61631859>jerome powell is the only person that made the decision and planning behind $2.5B of renovating a bank building therefore he is "in charge of all the money" (wrong)why should we take the opinions of nigger retards at face value, or any value for that matter?
>>61631859>>61631913>>61632005>>61632253>>61633735Literal israeli government shill thread to run damage control for the fact that Trump is handing control over the Federal Reserve to Blackrock so they can print the dollar to zero and enact total goyim enslavement.
>>61634081>never once is allowed to enter the building ever and will be escorted from the premises for getting even close to the door
>>61635636What a great country where retards can run multimillion dollar businesses from the middle of nowhere. So glad I live in MURICA.
>>61635994I run my business. I make the decisions.Not ALL of them, but when someone fucks up, it's my fault. I know you love communism but...this basically means you've never been in charge of anything or any significant projects.Like ACTUALLY in charge.
>>61634081Everyone wants to destroy the fed building though
>>61631859back to pol shill you retarded turd
>>61638990you lost retardpretend to be maga on x, pajeet
>>616318592.5b IS a lot of moneynow lets see how much trump has sent to israel
>>61631859If you believe this bullshit then you are exactly the type of retard sucker grifting psychos depend on.
>>61631859>2.5 billion dollars on renovations.except the renovations were likely for armor plating and security so that the fed never is able to be audited even by force. they don't want anyone to know how badly they've been fucking people.
>>61631859Our Federal Money Temple should be so magnificent that it inspires fear and terror amongst the heathens
>>61631859the "cost overruns" were caused by inflation directly attributable to trump himself
>>61631859J. Powell WILL drop the rates, and he will SAVE US.
