Trump To Reclaim Fed Reserve From Rothschild Family

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

11C1P

11C1P

Yellow Jacket
Messages
1,192
Reaction score
260
Points
208
Location
North Dakota
United-States
If he does it, how long until he becomes the next president to be assassinated? Thing is, it doesn't sound like the long term plan is to end it, just wrest control out of some international oligarchy & put it under direct control of politicians. That might be fine when your party is in power, but not so much when it isn't. Not to mention it takes a lot of time, effort & materials to build a house, but a can of gas & match can take it down in no time. The dems really love their gas & matches too.


https://yournewswire.com/president-trump-reclaim-federal-reserve-rothschild/


President Trump has vowed to reclaim control of the Federal Reserve from the Rothschild family, freeing it from crippling regulations that has held America back for decades.

Trump says the Federal Reserve has been allowed to cause interest rates to soar, create huge dept, and slow the growth of the economy for far too long.

https://www.cnbc.com/2018/07/20/trump-poised-to-take-control-of-the-federal-reserve.html

Dick Bove: Trump poised to take control of the Federal Reserve

President Trump sharply criticized the Federal Reserve this week, saying interest rate increases are hurting the economy.

Trump will have the opportunity to fashion the central bank in the image he would like as he has four vacancies to fill on the board of governors.

The result could be a more politicized Fed.
 
Jackson survived their attempts, they are not infallible.
Unless he appoints Ron Paul as Treasury Sec, he'd be better to abolish the Fed and return the authority to "coin money" to those lazy ass shits in congress.
 
It's true that Trump has the opportunity to appoint most of the positions on the board, but he's not well grounded on monetary theory and I really don't have any faith that he really understands the issues. He lacks the baseline knowledge to really guide his selection process, so he's going to be relying on others to hammer out the candidates list. I'm not as optimistic as the articles in the OP that much is going to change.
 
IDK, every time I am convinced that he's just an insecure bully that shoots from the lip, I'll read something that makes me think that he's gaming the Deep State.

"Keep your friends close but keep your enemies closer"- Vito Corleone
 
I think it's going to be a matter of who has his ear at the time he gets around to making his shortlists for the appointments. Seems like Sen. Rand Paul is now besties with Trump, but I don't know that the relationship extends past the current alignment on (Russia) foreign policy. Who is advising him on financial/tax/monetary matters? I honestly don't know.
 
Well, that's just it. Every time he appoints another Deep State clown (like Bolton), we don't know if Trump is listening to them or just bringing them onboard to keep the DS off guard and wondering what's up.
I read where Trump may be listening to Rand Paul about foreign policy, as he should. Maybe he might pick up some sound advice about our failing monetary system, as well.
There is so much going on behind the scenes that bolsters my optimism. Disclosure of the truth is happening but TPTB what is to trickle out over the next 100 years. Something strange is going on in the MSM when they release a video from the Dept of Defense showing a UFO and the so-called journalists are not snickering, laughing and making jokes.
I believe there are "white hat" operatives in the DS that are fighting the good fight on our behalf. Maybe Trump knows this, maybe he doesn't. Based on things he said during the campaign, I think he is holding his Trump cards (pun intended), very close to his chest. He has to because he has so many enemies right next to him.
 
I know, it's hard to stay optimistic when the news that we are fed looks bad. But that's what they want. You're not going to hear about the victories that are taking place behind the scenes by the good guys who are fighting the DS.
Which is why so many alternative news sites have been kicked off platforms like Facebook, YouTube, Twitter, et al.
I suggest that when you feel overwhelmed and that Trump has been compromised, think back to two years ago when it looked like Hillary would be elected and what would it be like now, if she had.
 
I just now saw this bit of old news:
11/30/2017

President Donald Trump has nominated Carnegie Mellon University professor Marvin Goodfriend to be a member of the Federal Reserve Board of Governors.
...
Click to expand...

https://mises.org/power-market/marvin-goodfriend-nominated-fed-board-governors

His nomination is still pending. You might remember this guy from the cashless society thread:
...
Another major speech was by an economist named Marvin Goodfriend, from Carnegie Mellon University. His speech was called The Case for Unencumbering Interest Rate Policy at the Zero Bound.

... In short, it’s a way to impose negative interest rates on physical cash.

It’s true that Goodfriend is an academic, not a policymaker. ...
Click to expand...

https://www.pmbug.com/forum/f4/drumbeats-cashless-society-2945/index2.html#post32270
 
The New York Sun seems to think there is still hope...
It looks like this could be the moment at which President Trump makes his move in respect of the Federal Reserve. We say that because the chatter we hear is that he’s considering nominating to its board of governors the economist Judy Shelton. The Sun endorses her heartily. It would mark a brilliant start to redeeming his campaign promises in respect of monetary policy and our central bank.

Ms. Shelton is no stranger to readers of Sun editorials — or the editorial page of the Wall Street Journal. She has long since emerged as one of the most articulate, but measured, advocates of the idea that our economic troubles spring in large part, if not exclusively, from the fiat nature of our currency. And that we need to bring back into our political economy the idea of sound money.

We wrote about Ms. Shelton when she delivered at Jackson Hole a speech challenging the notion that the gold standard was “crazy.” And also when, two years ago, she issued in the Wall Street Journal an op-ed piece about how Mr. Trump is right in suggesting that monetary manipulation is a real problem. We called her “The Woodpecker” for the way she has kept hammering away at the issue.
...
Click to expand...

More: https://www.nysun.com/editorials/trumps-ideal-nominee-for-the-fed/90559/
 
First a follow up on the Goodfriend nomination:
Marvin Goodfriend's future as a Federal Reserve governor appears either in doubt or at least in limbo.

President Donald Trump's move in late 2017 to appoint the Carnegie Mellon economist as a central banker ran into a dead end last year when the nomination died in the Senate.

Though the White House recently sent a lengthy list of renominations Wednesday to the Senate, Goodfriend's name was not on it, putting his status in doubt, according to a Bloomberg report.
...
Click to expand...

https://www.cnbc.com/2019/01/17/goodfriends-nomination-to-the-fed-appears-in-doubt.html

Next, looks like Trump wants friends, whether they are qualified or not (I doubt the Senate confirms this one):

U.S. President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank’s board of governors, a move that would put a Trump loyalist inside the world’s most important financial institution.
...
Before joining the conservative Heritage Foundation think tank, Moore had worked as an editorial page writer at the Wall Street Journal. He also was an adviser to Trump’s presidential campaign and holds a master’s degree in economics from George Mason University.

“I have known Steve for a long time – and have no doubt he will be an outstanding choice!” Trump wrote on Twitter on Friday.

Elsewhere on Twitter, some conservative economists and fellow Fed critics were less effusive.

“Trust me, Steve knows absolutely nothing about the Federal Reserve or monetary policy,” Bruce Bartlett, a supply-side economist who served in the Republican administrations of Ronald Reagan and George H.W. Bush, said on Twitter.

“Stephen Moore is unfit to serve on the Fed board,” monetary economist George Selgin, director of the libertarian Cato Institute’s Center for Monetary and Financial Alternatives said on Twitter.
...
Click to expand...

More: https://www.reuters.com/article/us-...ll-critic-for-spot-on-fed-board-idUSKCN1R30E2
 
President Trump said Thursday he intends to nominate former GOP presidential candidate Herman Cain to the Federal Reserve's board of governors, signaling his desire to remake the nation's central bank after complaining about it for months.

The selection of Mr. Cain, following the president's decision to nominate his former campaign adviser Stephen Moore, marks an effort to install two Fed critics and loyal Trump supporters on the central bank's powerful seven-seat board.
...
Click to expand...

http://gata.org/node/18982

Idiocracy in motion...
 
If Trump can choose the feds board members, it rather goes against the view that the Fed are actually in control and the president is just a front man ........

Or is the whole thing a charade and even the all powerful seven seat board are marching to a tune decided by shadowy others ?
 
Trump (POTUS) nominates, Senate has to confirm. Once confirmed, neither POTUS nor Congress has any control over them (can't fire them for example).
 
Cain is out:
Donald Trump shelved his plan to put Herman Cain on the Federal Reserve amid opposition from his own party, ...
...
Cain, 73, is bowing out after a path to Senate confirmation appeared blocked. A fourth Senate Republican said earlier this month he’d oppose Cain. With Republicans holding 53 seats in the 100-seat chamber and Democrats united in their position, the loss of four Republican votes would have killed his chances of securing the necessary support.
...
Click to expand...

https://www.bloomberg.com/news/arti...an-cain-for-federal-reserve?srnd=economics-vp

BTW, The New York Sun is still advocating for Judy Shelton: https://www.nysun.com/editorials/the-right-nominee-for-the-fed/90659/
 
The gold market could have at least one new ally within the Federal Reserve after U.S. President Donald Trump nominated Judy Shelton to be a board of governor of the U.S. Central bank.
...
Trump’s second nominee is Christopher Waller, who is currently the vice president and director of research at the St. Louis Federal Reserve.

According to some market analysts, President Donald Trump’s nominees should have no problem being confirmed by the Senate. Shelton received senate approval for her current position.
...
Click to expand...

https://www.kitco.com/news/2019-07-...-Ally-Judy-Shelton-For-Fed-Governor-Spot.html
 
Greenspan was a gold supporter before and after his term at the Fed ...

gold was in the bear market in 1987-2001, i.e., for the most of Greenspan’s tenure. It should not be surprising, as Greenspan had a reputation for being strongly anti-inflation (and indeed inflation diminished significantly compared to the 1970s). At the same time, Greenspan firmly led the Federal Reserve through several events with major economic repercussions, including two US recessions, eagerly providing liquidity to the financial markets (such a stance was later named Greenspan put). Actually, he was given a share of the credit for the longest official economic expansion in U.S. history (March 1991–February 2000).

Gold started to soar in 2001, when Greenspan – in response to the burst of the dot-com bubble, September the 11th attacks and various other corporate scandals, initiated the series of interest rate cuts that pushed the federal funds rate in 2004 to unprecedented then level of 1 percent. Greenspan’s loose monetary policy at the time overlapped with an expansionary fiscal policy conducted by George W. Bush.

Greenspan served as the Fed Chair until 2006, but his impact on the gold market continued. The series of interest rate cuts from 2001-2004 helped to pump the real estate bubble, which burst in 2007, putting the world into the Great Recession in 2008. The financial crisis boosted the gold prices even more.

Before his service at the Fed, Greenspan was very close to Ayn Rand and the libertarian movement. In 1966, he even wrote a brilliant article titled “Gold and Economic Freedom” in which he emphatically stated that “Gold and economic freedom are inseparable”
Click to expand...
 
Greenspan lived through the days when the world understood gold was money. People growing up today have only ever known fiat money. It's going to be a rude awakening for a lot of people when fiat fails.
 
...
Judy Shelton, one of President Donald Trump’s most recent picks for the Federal Reserve board, challenged an article of faith regarding the U.S. central bank in private comments to a bank executive last month: that it should operate free of political influence.

Shelton shared her views on monetary policy and the Fed with Beat Siegenthaler, global macro adviser for UBS Group AG, after speaking at an event on Oct. 18 in Washington on the sidelines of the International Monetary Fund annual meetings.

“I don’t see any reference to independence in the legislation that has defined the role of the Federal Reserve for the United States,” Shelton told Siegenthaler, according to a transcript of the interview.

Shelton confirmed she had spoken with Siegenthaler and a UBS spokesman declined to comment. The transcript was shared with the bank’s institutional clients, according to a person familiar with the matter.

If people were to read the law, “they would see that it demands that the Board of Governors of the Federal Reserve work hand-in-hand with Congress and the president to meet certain strategic economic goals for the U.S.,” Shelton added.

It is unusual for someone the president intends to nominate for the Fed board to speak publicly before the Senate considers her for the post, and even rarer for a Fed nominee to question the central bank’s independence. The remarks may complicate Shelton’s nomination, should Trump proceed to send it to the Senate. The White House has yet to officially nominate Shelton or another person Trump has said he intends to put on the Fed board, the St. Louis Fed’s director of research, Christopher Waller.

Some Republicans on the Senate Banking Committee, which would consider Shelton’s nomination, have expressed concerns about her to the White House, citing her unconventional views on monetary policy, according to people familiar with the matter. Shelton and Waller’s paperwork was expected to be sent to the Senate in September, but now may be delayed until next year as the White House waits for the candidates to complete ethics requirements, the people said.
...
Click to expand...

https://www.bloomberg.com/news/arti...elton-cast-doubt-on-central-bank-independence

Honesty isn't going to help her swim with the sharks.
 
PMBug said:
First a follow up on the Goodfriend nomination:

...
President Donald Trump's move in late 2017 to appoint the Carnegie Mellon economist as a central banker ran into a dead end last year when the nomination died in the Senate.
...
Click to expand...

https://www.cnbc.com/2019/01/17/goodfriends-nomination-to-the-fed-appears-in-doubt.html
...
Click to expand...

Marvin Goodfriend, ..., died on Dec. 5, 2019. He was 69 years old.
...
Click to expand...

https://www.cmu.edu/news/stories/archives/2019/december/marvin-goodfriend-remembrance.html
 
President Trump on Thursday announced his intent to nominate Judy Shelton and Christopher Waller to be governors of the Federal Reserve Board after senators rejected several of his previous choices for the central bank.

The White House formally announced Trump’s decisions to nominate Shelton and Waller six months after the president declared his intent to appoint them in a July tweet. It is unclear if Trump has submitted the nomination to the Senate, which is the first step toward confirmation.

The GOP-controlled Senate is likely to approve both Shelton and Waller to be Trump’s fourth and fifth additions to the Fed board. ...
Click to expand...

https://thehill.com/policy/finance/...nces-intent-to-nominate-waller-shelton-to-fed
 
Yeah I saw that.
Good news if Judy Shelton is approved.

But how long might she hold out with positive views on gold once appointed ?
 
4474065261_4f95455a3d_z.jpg
 
Republican lawmakers expressed concern about Judy Shelton, President Trump’s nominee for the Federal Reserve, casting doubt on the confirmation chances of a candidate viewed as a potential next Fed chair.

Ms. Shelton faced skepticism from both Republicans and Democrats on the Senate Banking Committee, with lawmakers questioning whether she would protect the Fed’s independence and pressing her about previous policy positions she had espoused, including a return to the gold standard.

“I’m concerned,” Senator Richard C. Shelby, Republican of Alabama, said after the hearing when asked which way he was leaning on her confirmation. Senator John Kennedy, Republican of Louisiana, and Senator Patrick J. Toomey, Republican of Pennsylvania, also expressed uncertainty about whether she would win their support.
...
Because Ms. Shelton would need a simple majority vote to move onto confirmation by the full Senate, only one Republican would need to object to potentially dash her chances of moving forward. The committee has 13 Republicans and 12 Democrats, and it is not clear that any of the Democrats would support her bid.

“They asked substantive, tough questions,” Sam Bell, the founder of Employ America, said of the Republican senators. Mr. Bell’s group has been pushing for Fed nominees who are focused on lifting employment and has vocally opposed Ms. Shelton.

“The aura, after the hearing, is that there’s serious bipartisan skepticism,” he said.
...
Click to expand...

https://www.nytimes.com/2020/02/13/business/economy/judy-shelton-fed.html
 
Yeah, she is not mainstream enough in her thinking ..........

Exactly what you need if you are going to be ahead of the herd.

So unless she supports the Ctrl+P approach she is a threat to 'stability'
 
Well well...
The Senate Banking Committee is expected to mark up Judy Shelton’s nomination to the Federal Reserve next Tuesday, a signal she is expected to pass the panel along with Christopher Waller, another Fed nominee.

Shelton, whose nomination has run into Senate GOP opposition because of her unorthodox views, has been held up for weeks because of skepticism from Sens. John Kennedy (R-La.) and Richard Shelby (R-Ala.), two members of the Banking Committee.

Senate Banking Committee Chairman Mike Crapo’s (R-Idaho) expected notice of a markup for Shelton and Waller next week is a sign they have the votes to pass the committee, which has 13 Republican members and 12 Democrats.
...
Click to expand...

https://thehill.com/homenews/senate...ittee-to-take-action-on-embattled-fed-nominee
 
It's hard for me to support anyone who is nominated to the Fed. That system is a snake pit. A nominee who is worthy of selection should be openly and boldly saying, "End the Fed! No ifs, ands or buts," which would immediately end their chances of being nominated. In other words, the Fed Res System is not going to be fixed from the inside.

Cleanse the inner vessel is not thinking that aligns with the plans of our oligarchs.

Kneel, troglodyte!
 
The saga continues...

A group of former Federal Reserve staffers, including economists, lawyers and bank presidents, sent a letter to U.S. senators Thursday asking them to reject the nomination of Judy Shelton, one of President Donald Trump’s picks for the Federal Reserve Board.

... The letter, which is still open for signatures, was signed by 44 former Fed staffers as of Friday morning. The list included former vice chairman Alan Blinder and at least three previous Fed bank presidents, including Richard Fisher, former president of the Dallas Fed.
...
The Senate Banking Committee confirmed Shelton’s nomination last month with a 13-12 party-line vote, despite a rocky confirmation hearing in mid-February, when several senators expressed concerns about placing the longtime Fed critic in a role that would give her a say on U.S. monetary policy.

Shelton’s nomination must now be approved by the full Senate, where the deciding votes may come from a handful of moderate Republicans. At least four Republicans would need to vote against Shelton to sink the nomination.

U.S. Senator Susan Collins of Maine and Senator Mitt Romney of Utah have both said they would vote against Shelton’s nomination. ...
Click to expand...

www.reuters.com

Former Fed staffers urge U.S. Senate to reject Shelton nomination

A group of former Federal Reserve staffers, including economists, lawyers and bank presidents, sent a letter to U.S. senators Thursday asking them to reject the nomination of Judy Shelton, one of President Donald Trump’s picks for the Federal Reserve Board.
www.reuters.com www.reuters.com
 
I was amused when I saw that letter

Theres an arrogance in the entitled class that is going to make their eventual wake up so much fun :)
 
Judy Shelton, President Donald Trump’s controversial nominee for the Federal Reserve board, doesn’t yet have enough support in the Republican-controlled Senate to win confirmation, said Senator John Thune, the chamber’s No. 2 GOP leader.

Shelton -- who’s drawn significant criticism for policy views outside the mainstream -- remains a priority for the White House, Thune told reporters at the Capitol. Republican leaders will move forward on her nomination before the November election if she can gain the 51 votes needed, he said.

“We’re still working it,” said Thune of South Dakota. “It’s the Federal Reserve, it’s important so obviously we want to get it done. But we’re not going to bring it up until we have the votes to confirm her.”

The nomination would be blocked if four Senate Republicans join Democrats in opposing her. Two Republicans -- Mitt Romney of Utah and Susan Collins of Maine -- have said they won’t back her elevation to the Fed. Senator Lisa Murkowski, an Alaska Republican, “is still in the process of vetting her nomination,” spokeswoman Karina Borger said in an email. Tennessee Republican Lamar Alexander, who is not seeking re-election, hasn’t said how he would vote and spokesman William Heartsill declined to comment.
...
Click to expand...

www.bloomberg.com

Judy Shelton Lacks Confirmation Votes for Fed Board, Thune Says

Judy Shelton, President Donald Trump’s controversial nominee for the Federal Reserve board, doesn’t yet have enough support in the Republican-controlled Senate to win confirmation, said Senator John Thune, the chamber’s No. 2 GOP leader.
www.bloomberg.com www.bloomberg.com
 
Judy Shelton’s nomination to fill a vacant seat on the Federal Reserve Board “moved closer to confirmation Thursday after Senate Majority Leader Mitch McConnell set in motion the procedures needed to secure a final vote,” which could come “as soon as next week,” the Wall Street Journal reported. “Mr. McConnell’s decision suggests a high likelihood that she has the votes needed for confirmation, according to political analysts.”
...
Click to expand...

www.americanbanker.com

Shelton one step from the Fed; Goldman partnership adds 60 new members

A procedural move by Mitch McConnell sets up a full Senate vote as early as next week; the class is the smallest in two decades, and white men make up the smallest percentage ever.
www.americanbanker.com www.americanbanker.com

What a rollercoaster.
 
It's on. It's off. It's on. It's off again...

Judy Shelton's controversial nomination to the Federal Reserve suffered a possibly fatal blow Tuesday in a key procedural vote in the Senate.

The upper chamber voted 50-47 against a move that would have advanced the nomination by limiting debate, typically a death knell because the opposition simply could block the vote from ever coming to the full floor.

The only avenue for Shelton to get through would be if Senate Majority Leader Mitch McConnell can get at least 50 votes together. Following the vote, McConnell moved to preserve his right to bring Shelton's name up again for consideration.

In case of a 50-50 split, Vice President Mike Pence would be called on to break the tie.

An effort to reconsider would be complicated by the Republicans losing a seat in the Senate when Arizona Democrat Mark Kelly takes Martha McSally's place after the Thanksgiving holiday. That would mean a Shelton vote likely would have to take place by next week.
...
Click to expand...

www.cnbc.com

Shelton Fed nomination fails key Senate procedure vote, possibly ending her chances

The Senate voted against a move to limit debate on the nomination, typically a death knell.
www.cnbc.com www.cnbc.com
 
You must log in or register to reply here.
Back
Top Bottom