The Rogue Federal Reserve: America's Unelected Economic Overlords

As the Federal Reserve operates unchecked, it undermines democracy and prioritizes The Pentagon & Wall Street interests over the economic well-being of the Villagers.

Politico Reporter: If Trump asked you to leave would you go?

Jay Powell: No

Politico Reporter: You're not required to leave?

Jay Powell: No

Question on the table:

If the Fed doesn't answer to the President of the USA, who does it answer to?

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See video below where Politico’s Victoria Guida asked a simple question to the Almighty Jerome Powell.

In a stunning display of bureaucratic arrogance, Federal Reserve Chairman Jerome Powell recently declared that he would not step down even if asked by a newly elected president. This brazen assertion of power lays bare the true nature of the Fed: an unaccountable, quasi-governmental entity that operates above the law and beyond the reach of democratic processes.

The Illusion of Independence

For decades, we've been fed the myth that the Federal Reserve's independence is crucial for economic stability. In reality, this "independence" is nothing more than a smokescreen for unchecked power. The Fed, with its ability to manipulate interest rates and print money at will, wields more influence over the American economy than any elected official.

This so-called independence has allowed the Fed to pursue policies that benefit Wall Street at the expense of Main Street, all while claiming to act in the public interest. The revolving door between the Fed and the financial sector ensures that the interests of banks are always well-represented, while the average American is left to deal with the consequences of their decisions.

Above the Law, Beyond Accountability

Powell's defiant stance reveals a disturbing truth: the Fed considers itself above even the highest office in the land. This unelected body, operating in the shadows of the financial system, believes it can ignore the will of the people as expressed through their chosen representatives.

The Fed's power to create money out of thin air and manipulate the value of our currency is a power that would make any monarch envious. Yet, unlike elected officials who must answer to voters, the Fed's decision-makers face no real consequences for their actions, no matter how disastrous.

The Great Monetary Experiment

Since its inception in 1913, the Federal Reserve has presided over the systematic devaluation of the dollar, periods of crippling inflation, and a series of boom-and-bust cycles that have wreaked havoc on the American economy. Yet, somehow, we're expected to believe that this institution is essential for our economic well-being.

The Fed's recent forays into "unconventional" monetary policy, including massive asset purchases and near-zero interest rates, amount to nothing less than a grand experiment with the American economy as its unwitting subject. The long-term consequences of these actions are unknown, but if history is any guide, they're unlikely to benefit the average citizen.

Time for a Reckoning

It's high time we questioned the wisdom of entrusting our economic fate to an institution that operates with such impunity. The Federal Reserve's claim to independence is a fig leaf for unaccountable power, and its actions have far too often served the interests of the financial elite rather than the American people.

As we just finished up another election cycle, we must demand that our representatives address this fundamental flaw in our system. The Fed's unchecked power is incompatible with democratic principles and sound economic management. It's time to bring this rogue institution to heel and restore true accountability to our monetary policy.

The American people deserve better than to have their economic future dictated by unelected bureaucrats who answer to no one. It's time to end the Fed's reign of economic tyranny and return control of our money to where it belongs: in the hands of the people and their elected representatives.

end of segment

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