The Federal Reserve has enjoyed secrecy and autonomy since its creation.
That has led to trillions of dollars stolen from U.S. taxpayers.
But Donald Trump just said these shocking words that sent a panic through the Fed.
The Federal Reserve has operated in a shroud of secrecy and with almost no oversight for decades.
Americans are currently witnessing the worst plundering of a country’s wealth in the history of civilization, led by the out-of-control Federal Reserve.
Today, we stand at over 18 TRILLION in taxpayer dollars in bailouts and loans agreed to by Congress, the Obama and Bush Treasury Departments and the out of control Fed.
This doesn’t include the billions in taxpayer dollars and thousands of American lives lost in never-ending wars, all possible because of the Fed’s never-ending supply of money.
That’s because the Federal Reserve is the “enabler” of Washington’s spending problem.
Without the Fed’s easy money policies, politicians could not continue kicking the can down the road, bailing out “too big to fail” corporations, or expanding the welfare-warfare state.
And Big Government boondoggles like “ObamaCare” would quickly implode.
Congress knows that if taxing and borrowing can’t get them out of a jam, the Fed will be there to bail them out.
President Trump ran on a platform of a full audit of the Fed, and trying to rein in their secrecy and full autonomy to manipulate the economy both here and around the world.
And now President Trump has taken the first steps to get the Fed under control.
Just recently President Trump named his choices to fill Federal Reserve Governor vacancies.
He named Herman Cain and Stephen Moore.
These picks sent shockwaves through the Deep State establishment and the Federal Reserve itself.
The President realizes the American people have had enough of the Fed’s secret deals and decisions that hurt hardworking Americans and destroy our economy.
And both of these nominees share that philosophy and strong skepticism of the Fed.
Resistance to these nominees is coming from both parties as Never Trump Republicans are of course joining with Democrats and moderate, cowardly establishment Republicans.
According to an article in the Atlantic:
“But Cain and another prospective Fed nominee, Stephen Moore, deviate sharply from the norm, he says. Both are Trump loyalists.
“Moore advised Trump during the 2016 presidential race. He co-wrote an op-ed piece last month that praised Trump’s “pro-growth policies” and blamed the Fed for both stock-market gyrations and interest-rate hikes—aligning himself with Trump.
“Cain served on the board of directors for the Federal Reserve Bank of Kansas City in the 1990s. As a candidate in the 2012 election, he famously embraced a “9-9-9” tax plan that scrapped the current system with one based on flat taxes.”
In other words, Trump has nominated two people with knowledge, experience and the ability needed to serve on the Fed, who do not tow the Fed’s un-American line of secrecy and meddling in the economy to push leftist social programs and never-ending wars.
While an ‘Audit the Fed’ bill languishes in both Houses of Congress, the President has decided to make moves to get the Fed under control.
We will keep you updated on this important story.