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Thread: Fed chair Jerome Powell says he'll refuse to leave if asked to resign

  1. #1

    Fed chair Jerome Powell says he'll refuse to leave if asked to resign

    https://x.com/LibertyLockPod/status/1854626399031628085
    The Bastiat Collection · FREE PDF · FREE EPUB · PAPER
    Frédéric Bastiat (1801-1850)

    • "When law and morality are in contradiction to each other, the citizen finds himself in the cruel alternative of either losing his moral sense, or of losing his respect for the law."
      -- The Law (p. 54)
    • "Government is that great fiction, through which everybody endeavors to live at the expense of everybody else."
      -- Government (p. 99)
    • "[W]ar is always begun in the interest of the few, and at the expense of the many."
      -- Economic Sophisms - Second Series (p. 312)
    • "There are two principles that can never be reconciled - Liberty and Constraint."
      -- Harmonies of Political Economy - Book One (p. 447)

    · tu ne cede malis sed contra audentior ito ·



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  3. #2
    This could turn into something epic.

    Expose the Fed as a private entity.
    "An idea whose time has come cannot be stopped by any army or any government" - Ron Paul.

    "To learn who rules over you simply find out who you arent allowed to criticize."

  4. #3
    He sounds dead serious.

    I wonder if Trump will:

    ____________


    Mises Institute

    An Agorist Primer ~ Samuel Edward Konkin III (free PDF download)

    The End of All Evil ~ Jeremy Locke (free PDF download)

  5. #4
    "An idea whose time has come cannot be stopped by any army or any government" - Ron Paul.

    "To learn who rules over you simply find out who you arent allowed to criticize."

  6. #5

  7. #6
    Powell was asked again if the POTUS has the power to fire or demote him.

    Powell replied that it's not permitted under the law.

    Which law?

    Ask some goddam follow-up questions you $#@!ers.
    "An idea whose time has come cannot be stopped by any army or any government" - Ron Paul.

    "To learn who rules over you simply find out who you arent allowed to criticize."

  8. #7

  9. #8
    Quote Originally Posted by PAF View Post
    He sounds dead serious.

    I wonder if Trump will:

    You must spread some Reputation around before giving it to PAF again.
    9/11 Thermate experiments

    Winston Churchhill on why the U.S. should have stayed OUT of World War I

    "I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"

    "We as a country have lost faith and confidence in freedom." -- Ron Paul

    "It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
    Quote Originally Posted by Brian4Liberty View Post
    The road to hell is paved with good intentions. No need to make it a superhighway.
    Quote Originally Posted by osan View Post
    The only way I see Trump as likely to affect any real change would be through martial law, and that has zero chances of success without strong buy-in by the JCS at the very minimum.



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  11. #9
    Powell is right. Only Congress can impeach him.
    Unless that happens, he will serve as Chairman until his term expires in May, 2026.

    This swings both ways. I wouldn't make such a big deal about it.
    "When Sombart says: "Capitalism is born from the money-loan", I should like to add to this: Capitalism actually exists only in the money-loan;" - Theodor Fritsch

  12. #10
    Quote Originally Posted by Snowball View Post
    Powell is right. Only Congress can impeach him.
    Unless that happens, he will serve as Chairman until his term expires in May, 2026.

    This swings both ways. I wouldn't make such a big deal about it.
    Call in Ron Paul to audit him....That should keep him busy for the next two years.

  13. #11
    Quote Originally Posted by Todd View Post
    Call in Ron Paul to audit him....That should keep him busy for the next two years.
    *That* would probably convince him to resign, LOL.
    Quote Originally Posted by timosman View Post
    This is getting silly.
    Quote Originally Posted by Swordsmyth View Post
    It started silly.
    T.S. Eliot's The Hollow Men

    We Are Running Out of Time - Mini Me

    Quote Originally Posted by Philhelm
    I part ways with "libertarianism" when it transitions from ideology grounded in logic into self-defeating autism for the sake of ideological purity.

  14. #12
    https://x.com/elonmusk/status/1855121289230664116


    https://x.com/RonPaul/status/1854974343249346927
    This week, Fed Chairman Jerome Powell was asked if he would step down if President Trump asked him to resign. Powell answered “No.” The law does not permit the president to fire the Fed chairman.

    Powell didn’t mention, however, that The Federal Reserve is unconstitutional to begin with. No power was ever granted to the federal government to create a monopoly bank that manipulates interest rates and counterfeits money.

    So the big issue is not who has more authority over the other; the president or the Fed chairman.

    The issue is that the Federal Reserve should not exist at all!

    Watch below:

  15. #13
    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst

  16. #14
    Here we go, the threats and warnings.

    Round em up and throw em in prison.

    https://web.archive.org/web/20241109...6-76ab523f324b


  17. #15
    Quote Originally Posted by Occam's Banana View Post


    Putting the federal reserve under the direct control of the president is perhaps the best way to make it even worse.


    $5 says that's the plan that gets floated.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  18. #16
    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst



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  20. #17
    Quote Originally Posted by unknown View Post
    Here we go, the threats and warnings.

    Round em up and throw em in prison.

    https://web.archive.org/web/20241109...6-76ab523f324b

    Poorly worded.

    Trump gave the warning? Or Trump received the warning?

  21. #18
    Quote Originally Posted by Intrepid View Post
    Poorly worded.

    Trump gave the warning? Or Trump received the warning?
    The bankers were warning Trump, more details in the article.

  22. #19
    Quote Originally Posted by unknown View Post
    The bankers were warning Trump.
    Trump's Top 10 donors:


    Timothy Mellon, Billionaire, reclusive heir to the Gilded Age-era Mellon family fortune is the nation’s biggest political donor this cycle, having given at least $172 Million

    Kenneth Griffin, Billionaire, founder and CEO of the hedge fund Citadel - $101,405,484

    Paul Singer, Billionaire, founder and co-CEO of the hedge fund Elliott Investment Management - $59,299,100

    Jeffrey Yass, Billionaire, co-founder of Susquehanna International Group, a quantitative trading firm that’s held a notable stake in TikTok’s parent company, ByteDance - $96,122,180

    Stephen Schwarzman, Billionaire, CEO of Blackstone, the world’s largest private equity firm - $39,103,046

    Miriam Adelson, Billionaire, megadonor and widow of casino magnate Sheldon Adelson - $137 Million

    Elon Musk, Billionaire, in addition to vocally endorsing Trump on X, the social media platform he owns - $133 Million

    Richard & Elizabeth Uihlein, Billionaires - $137,775,196

    Timothy M. Dunn, CrownQuest Operating, Billionaire - $35,415,200

    Rob Bigelow, Aerospace, Billionaire - $34,991,500
    ____________


    Mises Institute

    An Agorist Primer ~ Samuel Edward Konkin III (free PDF download)

    The End of All Evil ~ Jeremy Locke (free PDF download)

  23. #20
    Elon Musk reposts call to end the US Federal Reserve Bank:


    https://cointelegraph.com/news/elon-...l-reserve-bank



    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst

  24. #21
    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst

  25. #22
    Quote Originally Posted by Snowball View Post
    Powell is right. Only Congress can impeach him.
    Unless that happens, he will serve as Chairman until his term expires in May, 2026.

    This swings both ways. I wouldn't make such a big deal about it.
    Well, the GOP controls both houses so maybe?...but i'm not holding my breath.

    We're being governed ruled by a geriatric Alzheimer patient/puppet whose strings are being pulled by an elitist oligarchy who believe they can manage the world... imagine the utter maniacal, sociopathic hubris!

  26. #23
    Was hoping to see this turn into a thing.

  27. #24
    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst



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  29. #25
    Quote Originally Posted by TheCount View Post
    Putting the federal reserve under the direct control of the president is perhaps the best way to make it even worse.

    $5 says that's the plan that gets floated.
    The Federal Reserve shouldn't exist at all - but it does, and it wields executive power.

    Mike Lee is right: in grade-school civics-class fantasy land, the President is supposed to be the "chief executive", so ... *shrug*

    (I suppose one could argue that allowing POTUS to fire the Fed chair would make the Fed at least marginally less unaccountable than it already is.)



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