Mr.Milkshake said:
Fraud. Top down. Nuke them all. Jpow and everyone back to at least bernake has been ****ing us dry
Gold, silver, and crypto prices agree.
DOJ going after Fedetal Reserve - subpoenas served
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Last: 3 days ago by PaulsBunions
Gold, silver, and crypto prices agree.
Old McDonald said:
powell rightfully cares more about preventing a recession than obeying trump, and that drives trump insane
Like two weeks ago, 4.3% GDP growth was announced for the most recent period. What are you even talking about? The recession fear talking point didn't happen. That was over like 6-8 months ago. You are still hanging onto that and didn't get the memo to move to the next fear?
The Marksman said:
J Powell pretending not to be partisan is laughable
Who nominated him as fed chair?
Yukon Cornelius said:
It always irks me when this type of topic is brought up and everyone conveniently forgets Obama had the IRS audit tea party donors.
Unforgivable.
Learn about the Texas Nationalist Movement
https://tnm.me
https://tnm.me
First off, Fed "independence" is unconstitutional. There is no 4th branch of the government.
Second, what if there are shenanigans going on? If Powell lied under oath, doesn't that matter?
Second, what if there are shenanigans going on? If Powell lied under oath, doesn't that matter?
Geminiv said:The Marksman said:
J Powell pretending not to be partisan is laughable
Who nominated him as fed chair?
Trump during term 1.
When he trusted a lot of the establishment to give him good advice.
You can turn off signatures, btw
Let's ask PBS:
https://www.pbs.org/video/the-history-and-purpose-of-the-federal-reserve-y0ocza/
Here's what your tax dollars were funding, btw.
https://www.pbs.org/video/the-history-and-purpose-of-the-federal-reserve-y0ocza/
Here's what your tax dollars were funding, btw.
Unemployment
I agree. No one was held accountable despite blatant proof obummer order an insane abuse of power to leverage a federal agency to persecute those solely on their political affiliation.
Ag with kids said:Geminiv said:The Marksman said:
J Powell pretending not to be partisan is laughable
Who nominated him as fed chair?
Trump during term 1.
When he trusted a lot of the establishment to give him good advice.
He got a lot of bad advice on political appointees from "republicans" who turned out to be deep staters or uniparty hacks.
MemphisAg1 said:
It's just more bad Trump. Very dumb.
He's leaving in May and Trump can announce his replacement any day.
I don't agree with pushing rates lower with GDP ~3%, inflation ~3%, and unemployment ~4.5% and interest rates at historical norms. Doesn't make sense.
That said, he sees it differently and can put his own guy in shortly. This runs a real risk of the bond market demanding HIGHER rates for the 10 year note and beyond, which will just keep mortgage rates at current levels or higher.
You're going to criminally indict the Fed Chair five months before his term ends? On questionable grounds?
Just so dumb... no need for it.
I see this through the lenses of debt repayment and the ability to a a budget and still spend large mounts of money.
The governments entire budget would be gone instantly with 10% interest. Entire budget would be debt repayment. 3% is 1/3 the debt payment.
K2-HMFIC said:If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none. It is now the independence and credibility of the Department of Justice that are in question.
— Senator Thom Tillis (@SenThomTillis) January 12, 2026
I… https://t.co/wDMH6twcD5
First Senator already made their statement…
13-11 R on Senate Finance Committee
Good! **** the Fed!
End the Fed...that is all.
President Trump is making America great again. Face it, looks like you will have to come to grips that Powell's nose probably ain't clean.
$2.5 BILLLION is totally normal for a building renovation... nothing to investigate. All hail the bureaucracy! Any investigation into it is obviously politically motivated.
Useful. Idiots.
Useful. Idiots.
ec2004 said:
This isn't about Powell. It's about the next Fed chair. It's a sign that independence will not be tolerated.
The twist is that lower rates will increase inflation which will make people more frustrated about the economy - which is the only thing voters seem to care about.
Are lower rates going to cause inflation like the tariffs did?
CrackerJackAg said:MemphisAg1 said:
It's just more bad Trump. Very dumb.
He's leaving in May and Trump can announce his replacement any day.
I don't agree with pushing rates lower with GDP ~3%, inflation ~3%, and unemployment ~4.5% and interest rates at historical norms. Doesn't make sense.
That said, he sees it differently and can put his own guy in shortly. This runs a real risk of the bond market demanding HIGHER rates for the 10 year note and beyond, which will just keep mortgage rates at current levels or higher.
You're going to criminally indict the Fed Chair five months before his term ends? On questionable grounds?
Just so dumb... no need for it.
I see this through the lenses of debt repayment and the ability to a a budget and still spend large mounts of money.
The governments entire budget would be gone instantly with 10% interest. Entire budget would be debt repayment. 3% is 1/3 the debt payment.
Somebody understands math. Nicely done, sir.
Yukon Cornelius said:
Unemployment
The current unemployment rate is considered full employment by any definition and just went down. We don't need nearly as many jobs created each month because of slowing population growth rate and much lower immigration.
The Fed and their Keynesian ponzy scheme have been incrementally stripping away our liberties and freedoms via inflation and dollar debasement for over 100 years; though they've probably been around since Babylon. We have to chase ever greater returns in fiat by gambling in a market that is manipulated by central banks just to stay ahead of this insidious inflation and keep dollar purchase power at par.
So, I have no love for the Fed or anyone trying to keep this evil cartel functioning. I'll add that a CBDC is just the next iteration of a failed fiat to keep us all distracted from the evil of central banking. Don't fall for it. Demand sound money and government that adheres to a budget.
I never know if Trump knows what he's doing or he knows exactly what he is doing. Whether he knows or doesn't know makes no difference to me. He is destroying the dollar fiat. And I'm perfectly okay with it. Let come what may.
So, I have no love for the Fed or anyone trying to keep this evil cartel functioning. I'll add that a CBDC is just the next iteration of a failed fiat to keep us all distracted from the evil of central banking. Don't fall for it. Demand sound money and government that adheres to a budget.
I never know if Trump knows what he's doing or he knows exactly what he is doing. Whether he knows or doesn't know makes no difference to me. He is destroying the dollar fiat. And I'm perfectly okay with it. Let come what may.
Good example of Senate oversight. Hope the senator holds firm. Gunboat diplomacy with Venezuela is one thing... trying to bully the Fed chair with criminal charges is another.
https://www.cnbc.com/2026/01/12/republican-sen-thom-tillis-vows-to-block-trumps-fed-nominees-following-powell-probe.html
Quote:
Sen. Thom Tillis (R-N.C.) said he will block any Trump Fed appointees, including for chair, in light of revelations that the Justice Department is investigating Jerome Powell for potential perjury charges.
"I will oppose the confirmation of any nominee for the Fed including the upcoming Fed Chair vacancy until this legal matter is fully resolved," he added.
https://www.cnbc.com/2026/01/12/republican-sen-thom-tillis-vows-to-block-trumps-fed-nominees-following-powell-probe.html
Well said. Not to mention those gains you do get also get a giant cut taken out of them via cap gains tax.
That's so dumb. To arbitrarily refuse to do your job because of another legal matter is peak political stupidity. If this is a giant nothing burger it will be proved out and the admin bear the consequences. To say you're going to refuse to let the fed have a chair while a criminal investigation goes on which can take years is absolutely absurd.
CrackerJackAg said:MemphisAg1 said:
It's just more bad Trump. Very dumb.
He's leaving in May and Trump can announce his replacement any day.
I don't agree with pushing rates lower with GDP ~3%, inflation ~3%, and unemployment ~4.5% and interest rates at historical norms. Doesn't make sense.
That said, he sees it differently and can put his own guy in shortly. This runs a real risk of the bond market demanding HIGHER rates for the 10 year note and beyond, which will just keep mortgage rates at current levels or higher.
You're going to criminally indict the Fed Chair five months before his term ends? On questionable grounds?
Just so dumb... no need for it.
I see this through the lenses of debt repayment and the ability to a a budget and still spend large mounts of money.
The governments entire budget would be gone instantly with 10% interest. Entire budget would be debt repayment. 3% is 1/3 the debt payment.
The 10 year treasury yield has gone up since Powell began cuts in September 2024. It was around 3.87% at that time; it's now around 4.16%. The Fed rate has gone from 5% to 3.75% during that same period. Smart people expect inflation to continue to rise, thus the yield.
CrackerJackAg said:MemphisAg1 said:
It's just more bad Trump. Very dumb.
He's leaving in May and Trump can announce his replacement any day.
I don't agree with pushing rates lower with GDP ~3%, inflation ~3%, and unemployment ~4.5% and interest rates at historical norms. Doesn't make sense.
That said, he sees it differently and can put his own guy in shortly. This runs a real risk of the bond market demanding HIGHER rates for the 10 year note and beyond, which will just keep mortgage rates at current levels or higher.
You're going to criminally indict the Fed Chair five months before his term ends? On questionable grounds?
Just so dumb... no need for it.
I see this through the lenses of debt repayment and the ability to a a budget and still spend large mounts of money.
The governments entire budget would be gone instantly with 10% interest. Entire budget would be debt repayment. 3% is 1/3 the debt payment.
This is Trumps primary goal. Get short term interest rates low so the debt can be refinanced as cheaply as possible. It's really the only thing that will keep the government out of default. I don't think Trump's team cares much about inflation. It actually works in favor of the government.
But the FRB renovation is outrageous even by DC standards and it's incredibly difficult to explain and justify where the money went. DOJ is right to go have a look. Powell could be committing fraud and also be under attack from Trump for policy. Both can be true.
Yukon Cornelius said:
That's so dumb. To arbitrarily refuse to do your job because of another legal matter is peak political stupidity. If this is a giant nothing burger it will be proved out and the admin bear the consequences. To say you're going to refuse to let the fed have a chair while a criminal investigation goes on which can take years is absolutely absurd.
He's not saying he can't have a chair during a criminal investigation. He's saying if you want a new chair then kill the criminal investigation on the current chair, or put up public proof which makes very clear that a criminal investigation is warranted. If Trump does, the senator will stand down.
It's clear to a blind man that this is just Trump trying to bully Powell into pushing rates lower than the FOMC believes is warranted, even though they already cut them three times recently. He's been insulting the man publicly for a year.
Quote:
He's not saying he can't have a chair during a criminal investigation. He's saying if you want a new chair then kill the criminal investigation on the current chair, or put up public proof which makes very clear that a criminal investigation is warranted. If Trump does, the senator will stand down.
Well since the DOJ had to get a subpoena to get documents from the Fed is fairly telling that an investigation is warranted.
So you are absolutely certain the probe by the DOJ will show Powell is 100% clean as a whistle?
You can only say that at this point by engaging full fledged TDS to call this a political ploy within minutes of it being announced.
Cmon son.
You can only say that at this point by engaging full fledged TDS to call this a political ploy within minutes of it being announced.
Cmon son.
I support an independent fed!
Like no more bailouts kind of independent!
Like no more bailouts kind of independent!
So he's trying to extort the legal process? That's not how criminal investigations go. You don't release proof to the public. It would taint the court proceedings. And if I'm not mistaken this going to a grand jury to review evidence to indict or not. So it's not even the DOJ who would issue the indictments. Turns out this senator recently had a tiff with Trump. Like o said previously this is just peak political grandstanding nonsense.
akm91 said:Quote:
He's not saying he can't have a chair during a criminal investigation. He's saying if you want a new chair then kill the criminal investigation on the current chair, or put up public proof which makes very clear that a criminal investigation is warranted. If Trump does, the senator will stand down.
Well since the DOJ had to get a subpoena to get documents from the Fed is fairly telling that an investigation is warranted.
Carter Page would like a word.
flown-the-coop said:
So you are absolutely certain the probe by the DOJ will show Powell is 100% clean as a whistle?
You can only say that at this point by engaging full fledged TDS to call this a political ploy within minutes of it being announced.
Like we've discussed before, TDS also exists on the right for those who defend Trump at the drop of a hat from any criticism, even when it's warranted.
I neither believe something is automatically wrong because Trump did it, or that it's automatically right because he did it. I evaluate each situation independent of the others.
I'm not saying that Powell is 100% clean. I don't know. But given what we know about the man, I think there's a very high probability (85%+) that he is clean.
And given what we've seen from Trump on this issue and his history of trying to bully Powell, sometimes the obvious answer is what you see right in front of you. It takes a special kind of super-dedicated Trump cheerleader not to acknowledge that this is likely just Trump trying to bully him. The track record is clear as day.
Yukon Cornelius said:
So he's trying to extort the legal process? That's not how criminal investigations go. You don't release proof to the public. It would taint the court proceedings. And if I'm not mistaken this going to a grand jury to review evidence to indict or not. So it's not even the DOJ who would issue the indictments. Turns out this senator recently had a tiff with Trump. Like o said previously this is just peak political grandstanding nonsense.
This is also a political issue being played out in broad daylight. Trump has been all over the court with it. Now he's getting some pushback politically.
HumbleAg04 said:
$2.5 BILLLION is totally normal for a building renovation... nothing to investigate. All hail the bureaucracy! Any investigation into it is obviously politically motivated.
Useful. Idiots.
Yes, you are. The renovation project, which began planning in 2017 during Trump's 1st term and broke ground in 2022, was ORIGINALLY estimated to cost $1.9b. With pandemic-era inflation, soaring construction costs for steel and labor shortages, the budget understandably ballooned.
But YOU and your MAGA useful idiots don't actual care about the fiscal part of it. If you did, where is the uproar about spending $1b retrofitting the Saudi jet into Air Force One? Where is the uproar about Trump passing MULTIPLE bills that added more to the US deficit than any other administration in US History? Where is the uproar about all the insanely useless spending on gaudy decorations and childish plaques throughout the White House? There is none. Because you see Trump point the finger (as usual) at SOMEONE HE APPOINTED for a project approved under HIS ADMINISTRATION.
By all means, look into any areas of wasteful spending you deem fit, but trying to extort the chair of the federal reserve with criminal charges because you want him to manipulate interest rates and put the global financial system at risk for your own short-term political gain is insane. Corrupting the Fed could destroy confidence in a multi -trillion dollar monetary system, but if Trump thinks he can personally profit from it, he'll do it without even blinking. Just like his record of shameless stock manipulation and crypto grifting while in office.
No he's not. This senator is throwing a temper tantrum like one of my kids. If Powell is clean just submit the docs and make Trump and his administration look like fools wasting tax payer money. But Powell going on Twitter to cry and this senator who has beef with Trump refusing to do his job and hold up a vacant chair is peak absurdity.
It seems that the Fed has its own Taj Mahal issues (it is a College Station thing).
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