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The Elimination of The Federal Reserve Board
There’s been a lot of talk about shutting down the Federal Reserve Board from President Donald Trump even before President Trump’s 2024 presidential election on November 4th, 2024. The potential shutdown of the Federal Reserve Board talks is not decreasing but, on the contrary. There are more and more talking points about the potential fraud and political favors the Federal Reserve Board commits as well as the trillions of dollars the Fed prints. The Federal Reserve Board is known and has a reputation decades old that it works to benefit the big banks, Democrats, Black Rock, George Soros, high-powered politicians, and the liberal radical media. The Federal Reserve Board sets the monetary policy and has tons of power they do not deserve. Federal Reserve Board Chairman Jerome Powell thinks he is untouchable and President Donald Trump cannot fire him, nor can the President influence him or threaten him on how he should lead the Federal Reserve Board. President Donald Trump did express his advice to Jerome Powell that interest rates should be cut to firestart the economy despite soaring inflation and the depressing runaway U.S. economy. Jerome Powell ignored the comments from President Donald Trump and did not change interest rates. The U.S. dollar lost value and respect from countries around the globe 🌎 due to the Federal Reserve Board printing money and giving it to their friends. Can anyone please tell us viewers of GCA FORUMS NEWS about how serious it is abolishing the Federal Reserve Board and having the United States 🇺🇸 dollar backed by gold and silver? I am getting more confidence and respect for Elon Musk and the newly created Department of Government Efficiency (DOGE) in DOGE revealing and cracking down on the out-of-control CORRUPTION and FRAUD among federal government agencies and the hundreds of billions of dollars of taxpayer money being wasted, stolen, laundered, and not accounted for until now, where it is getting discovered from President Donald Trump’s aggressive crackdown on public corruption and fraud.
https://www.youtube.com/watch?v=mUgzGTV9QVU
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This discussion was modified 1 week ago by
Gustan Cho.
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This discussion was modified 1 week ago by
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4 Replies
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This section will outline the debates concerning the possible elimination of the Federal Reserve Board and the consequences of supporting the U.S. currency with gold and silver:
The Debate of Abolishing Federal Reserve Board Overview
The Federal Reserve Board (Fed) discussion has captured attention again, especially with President Donald Trump’s comments in the run-up to the 2024 Presidential Election. The main point of the criticism is that the Fed works mainly for the benefit of big banks and rich politicians, so there is a lot of suspicion about accountability.
Key Points of Discussion: Allegations Against the Federal Reserve:
- The Fed has become the enemy of the average American.
- This is because it serves only big financial and political interests.
- Accusations of corruption and bias suggest that something needs to be done or that it should be eliminated.
Monetary Policy Control
- The Fed is one of the most important players.
- This is because it controls monetary policy, the levels of which determine inflation, employment opportunities, and a country’s economic health.
- Concerns have been raised about politicians’ discretion and the degree of autonomy the Fed exercises, particularly regarding Chairman Jerome Powell’s decisions.
Impact of Monetary Policy
Critics, including Trump, are very vocal about the benefits of cutting interest rates and how it can lead to economic activity, all while inflation continues to be an issue.
Modernization of the Dollar
- Its Impact and Value on the Global Economic Stage.
- The argument for implementing a singular gold and silver standard.
Historical Context
- Reimplementing a gold and silver standard could ensure the U.S. dollar’s value.
- Supporters claim that utilizing these assets to support currency will convert trust into value, which can be beneficial.
Potential Benefits
- Excessively limiting the ability to print money through a gold and silver standard could help stabilize inflation.
- It could boost the dollar’s credibility internationally since other nations strive toward stable currencies.
Challenges and Criticism
- Changing the currency poses serious logistical and economic issues that must be addressed.
- Opponents state it could restrict the flexibility of monetary policy, causing increased difficulty in addressing an economic downturn.
The Effect of New InitiativesDepartment of Government Efficiency (DOGE)
- These initiatives seek to eliminate waste, fraud, and abuse at the federal level and consequently improve the efficiency of federal agencies.
- Those who question the use of taxes worry that transparency and accountability measures will only ensure proper allocation rather than misallocation.
- The questions concerning the Federal Reserve Board’s monetary policies, alongside the considerations regarding the gold- and silver-backed U.S. dollar, embody larger issues about the health of the economy, government responsibility, and social trust.
- These issues and others will continue to shape political discourse and public sentiment as the 2024 elections approach.
Trying to regain trust in federal institutions through new policies designed to fight widespread corruption might produce positive results.
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Federal Reserve Board Chairman Jerome Powell says that in 10 or 15 years many communities will not have lenders that will want to lend and some communities may not be able to get insurance companies to insure homes in certain markets such as Hurricane areas or Fire prone areas like many counties in California. Well, Mr. JEROME POWELL. You may not be around or dead and the Federal Reserve Board may be abolished by then. What he’s saying is a classic case of Jerome Powell talking out of his ass.
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Elon Musk calls for an audit of the Federal Reserve, arguing for full government transparency. He has criticized the Fed’s staffing and monetary policies, while Jerome Powell defends its operations. The debate raises questions about oversight and financial accountability of the Federal Reserve Board. Federal Reserve Board Jerome Powell thinks he and the Federal Reserve Board are not touchable. Powell said the money 💰 printing factory Federal Reserve Board has absolutely 💯 ZERO thing to worry about because they run a very tight ship. However, many critics of the Federal Reserve Board is one of the most, if not the top corrupt agency that is notorious of taking care of BIG BANKS and corrupt politicians. More to come in the coming days and weeks on Jerome Powell and the Federal Reserve Board 😎.
https://youtu.be/stiLvLui6Ag?si=mAhJ6u_8mScdLaAe
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This reply was modified 1 week ago by Gustan Cho.
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This reply was modified 1 week ago by
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Consumer Debt Soars. President Donald Trump thinks interest rates should get lowered for the economy to get on track. The President thinks tariffs and cutting rates should go hand in hand. However, Federal Reserve Board Chairman Jerome Powell disagrees and thinks even though inflation is high the economy is doing great and rates should not get cut. More on real estate and mortgage update.
https://www.youtube.com/live/R-97h3SRQik?si=rnazFP8tL-5ZXMej