LOL Powell had the nerve to respond to the subpoena saying that the Fed serves the public.https://www.nbcnews.com/politics/trump-administration/fed-jerome-powell-doj-investigation-rcna253517and Powell's response:https://www.federalreserve.gov/newsevents/speech/files/powell20260111a.pdf
>>525811646>4 administrationsLet's see... >Trump>Biden>Obama>BushNo fear or favor? Fat chance.
Going after Powell is probably not a good idea. Trump’s advisers would have told him this if they weren’t all sycophants, but that’s what you get with professional podcasters and jeets.
>>525811930You can't dismantle the system from within the confines of the system. You have to make it irrelevant entirely, keep pushing new narratives, move on before the fallout has a chance to land and shift the overton window until it's beyond the control of anyone else. Get in the way and become roadkill.
<<<--Powell's full response
>>525812085>nooo you don't get it you need to make the system even more corrupt in order to fix it
the Fed serves the public.sure
i have to go in about a half hourjust wanted to post this<<<<——-https://archive.4plebs.org/pol/thread/504503488/ The now-bankrupt Federal Reserve is building a $2.5 B complex in Washington DC and funding it with borrowed US taxpayer money. The Fed is fucking broke and putting Italian beehives in its extravagant rooftop gardens and building private elevators to VIP dining rooms, yet bloviating about the importance of citizens being able to communicate in a republic. lolTo add to the elitism and absurdity, Elon Musk, with his toothless, empty threats on his way out the door of DOGE, glibly stated, “someone should look into the Fed.” Really? Is that it? What an absolute fucking joke.It is fucking amazing that Trump’s economic advisor (Miran) wants to now indebt the US with 100 year TOKENIZED bonds, so we can be skimmed for another fucking century by these insolvent frauds.https://nypost.com/2025/04/27/business/federal-reserve-blows-2-5b-on-palace-of-versailles-hq/https://archive.is/fpJ4JThis project DWARFED all other government building projects ever. And the real kicker is the broke-ass Fed is BORROWING this money from taxpayers for the project. And an update: Powell just got caught lying to Congress about this and revealed during the hearing that IT IS NOW $3.1 BILLION Wtf pic rel (i think this is what the subpoena is about)and another update, lol, now it's like $4Ti'll be able to have a better thread tonight
and another update, lol, now it's like $4TI meant $4B
>>525812085Trump's intentions is not to dismantle the fed, but to lower interest rates for his kike buddies while everyone else struggles to live with inflation. If it does implode, it'll be unplanned and a total mess for everyone involved
>>525812571>the Fed serves the public.look at this fucking risk free skim for banks, for those entrusted to issue our fucking currenciesholy fuck one quarter of BoA's Investment income comes from fucking IORBaka QE aka UBI for the NYFed and the failures of 2008
>>525811646Yeah, it serves them a heaping pile of bullshit.
>>525813045>but to lower interest ratesno loli too have tried to look at it from this angle and in now way do the banks benefit from lowering the FFRthey just park the reserves at the Fed instead freeing up money NEVER MOTIVATES THE FED TO LEND MORE AND SERVE THE CITIZENS
>>525811646MEGA KEK.Reminder:
AND the fucking incompetent Fed thinks their IORB and RRP policies bankrupting the Treasury is A RUNNING TALLY THAT THEY ARE TO BE REPAID (today, the bankrupt Fed franchise is ~$245 B in the hole)so essentially, the NYFed is trying to ROB US TWICE kek WITH THE SAME FUCKING CON
>>525813277this is untrue'fiat' isn't the problemWHO IS ISSUING the 'fiat' IS THE PROBLEM and that the Fed's private fiat IS INTEREST-BEARING is the fucking problemFIAT, CREDIT-BASED INTEREST-FREE US NOTES ISSUED BY THE US TREASURY WORK FOR THE PEOPLE AND ARE INTENDED TO BE AN INTEREST-FREE TOOL TO FACILITATE COMMERCEFIAT, DEBT-BASED, USURIOUS, INTEREST-BEARING FEDERAL RESERVE NOTES ARE FUCKING BORROWED FROM THE PRIVATELY-INCORPORATED NY FEDERAL RESERVE FRANCHISE AND ONLY ENRICH THE NYFED’S PRIMARY DEALERS AND THEIR CRONY/POLITICAL ILK AND ENSLAVE THE POPULATION IN BOND DEBT Fiat is given value BY A NATION'S CITIZENS.If the nation's treasury is the one issuing it, fiat is not a problem.
Notice on the top half of pic rel the NYFed squeezes out the citizens' currency and pays its ilk IORB and RRP instead, while also buying houses and bonds.The NYFed clearly prioritizes enriching its private owner banks over the citizens having a currencywhy doesn't Trump ever mention this?b/c fucking Trump thinks the NYFed is the housethe FUCKING US TAXPAYER IS THE FUCKING HOUSE
Now the Federal Reserve franchises have their dream come true, note the right side of the chart, high reserves and high IORB at the same timethe last time they tried to have both, JPM got raided by the FBI for rigging treasury and silver markets which caused the repo spike, all big banks failed again quietly and got bailed out again for trillions in Sept/Oct 2019 and then we had covid, which shut down the economy and conveniently hid their illiquidity lolIORB and RRP are fucking why the fed won't cut rates
The fucking failed, greedy loons from the NYFed that caused the 2008 collapse have changed all of the laws to benefit themselves and are now trying to remove the currency FROM THE PEOPLES' HANDS by eliminating cash.The broke fucking Federal Reserve had one fucking job, to provide the citizens with fiat currency for commerce and now they don't even have enough collateral to request more fiat. lololPic rel is the Rand Paul IORB report: The Fed’s Corporate Welfare Program Released Wednesday, December 10, 2025>Chairman Rand Paul Releases New Report Revealing Hundreds of Billions in Taxpayer-Funded Payments to Domestic and Foreign Banks Through the Federal Reserve’s Interest on Reserve Balances Program (IORB)https://www.hsgac.senate.gov/wp-content/uploads/2025.12.09_IORB-Report-VFINAL.pdf>“At a time of persistent and self-imposed worsening losses at the Fed, the manipulators of the American economy continue to pay banks to do nothing but have their funds sit in a safe,” said Dr. Paul. “How can anybody, especially the populist Republicans and the entire Democratic Caucus, defend such a subsidy when supposed income inequality and the national debt is at the top of the political agenda?”
>>525813203>in no* wayRand Paul’s End the Fed’s Big Bank Bailout Act: S2113https://www.paul.senate.gov/wp-content/uploads/2025/06/SIL25743.pdfThe End the Fed’s Big Bank Bailout Actamends Section 19 of the Federal Reserve Act to eliminate the Fed’s authority to make IORB interest payments. Senator Paul argues this simple change could save more than a trillion dollars over the next decade.Rand Pauls’ S.2327 - Federal Reserve Transparency Act of 2025https://www.congress.gov/bill/119th-congress/senate-bill/2327To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes.July 17, 2025Mr. Paul (for himself, Mr. Scott of Florida, Mrs. Blackburn, Mr. Risch, Mr. Cruz, Mr. Young, and Mr. Barrasso)
ok i gg see you anons laterA reminder, Federal Reserve Notes are what are being issued to worthless oblivion and>the US dollar is a fucking UNITWe need to AGAIN issue debt-free, Treasury-issued US Notes like we did before (and during) the bloodsucking, obsolete Federal Reserve. We need to AGAIN issue debt-free US Notes that are pegged to a basket of commonly-used weighted commodities, distributed by a series of state banks.We can:1 nationalize Fed banksOR2 dissolve Fed and have a series of state banksOR3 issue US Notes simultaneously AGAIN and eventually recycle worthless Federal Reserve Notes out of circulationOR4 YOU CAN RIGHT NOW: use cash/barter/stack/use credit unions/use cold wallets, these five things IMMEDIATELY transfer power directly to the peopleUSE CASH, NO MATTER WHAT COUNTRY YOU ARE IN, cash IMMEDIATELY puts the power in the hands of the people. Treasury-issued paper fiat (aka cash):>is permissionless>is private>is anonymous>has no transaction fees>works in power outages>doesn’t need the internet>don't need to be a coder to use it>doesn't depend on another party having a device>everyone knows exactly how much they have>has no transaction limits or thresholds for reporting>money laundering is harder with physical cash, due to transport>is inclusive, it does not see race>is harder to use in ransoms>can’t be hacked>don’t need to remember a password to use it>IS the ultimate in payment platforms>using cash helps people to save money and budget>puts the power directly in the hands of the people >keeps the currency near the REAL goods and services>less paperwork>is face to face, not face to screen>makes government theft harder>using cash forces the debt-based Federal Reserve to serve the citizensBoycott businesses that do not take cash.NEVER USE YOUR PHONE TO PAY. Barter is the real torpedo to these fucking clowns.
>>525811646Anyone who saw Powell cut rates by 50 bps in the meeting before the 2024 election knows the Fed works for the DNC and it's billionaire class. Historically, when cutting rates, 25 bps is the standard. They only will cut by more in dire emergencies (covid) or financial crisis' (gfc). But they did one to help pump the markets for Kamala. There must be consequences for that.
>>525811646it's going to be hilarious when MIGA cattle lose their job when zion don seizes control of the fed and promptly crashes the economy.
>>525814154KYS retard. That's exactly what he was saying. The gov issued the currency.
>>525814221what is RRP?
