The Federal Reserve was installed to solve the problem of how to pay for the San Francisco earthquake of 1906. In 1907, JP Morgan summoned the bankers to his office on 23 Wall Street to arrange a rescue/bailout [much like in 2008]. Final negotiations were held 600 miles south of Washington on Jekyll Island in Georgia; in other words, in secret. They created the Fed in order to have the power of creating money out of thin air, creating neverending debt which is passed on to each successive generation of Americans.
I agree with Brad Deal: https://www.quora.com/Are-the-Rothschilds-still-owning-the-US-Federal-Reserve
"The FED is not audited. There is a pervasive rumor that 21 Trillion dollars is missing. In this world of black projects, and the newly classified budgets of seemingly innocuous agencies the question begs a serious audit, if not a criminal investigation. But we all know this will never happen. The "National Security" blanket of obfuscation is being used more and more to cover inconvenient budgets.
The FED is not accountable to anybody for its actions. Once appointed, the board of governors can act in any way it desires. There is no mechanism to force them to act in the electorate's best interests at the expense of their sponsor banks. Contrarily, the banks, the member banks only seem to prosper under the auspices of the Federal Reserve Board, while the country suffers from continual monetary manipulations."
I agree with Brad Deal: https://www.quora.com/Are-the-Rothschilds-still-owning-the-US-Federal-Reserve
"The FED is not audited. There is a pervasive rumor that 21 Trillion dollars is missing. In this world of black projects, and the newly classified budgets of seemingly innocuous agencies the question begs a serious audit, if not a criminal investigation. But we all know this will never happen. The "National Security" blanket of obfuscation is being used more and more to cover inconvenient budgets.
The FED is not accountable to anybody for its actions. Once appointed, the board of governors can act in any way it desires. There is no mechanism to force them to act in the electorate's best interests at the expense of their sponsor banks. Contrarily, the banks, the member banks only seem to prosper under the auspices of the Federal Reserve Board, while the country suffers from continual monetary manipulations."
Listen to Mr. Scott’s Speech, the Chairman of the Senate Banking Committee held on 2/11/2025 Mr. Scott confronted Powell about biases face by conservative companies who needed business loans and were denied them under Joe Biden’s administration. 2/3rds of Americans have less than $1,000 in their savings accounts due to Bidenomics. To date, nobody has been fired and Powell refuses to step down.
"Powell, a Republican, was appointed by Trump in 2017 and reappointed by President Joe Biden in 2021. He has faced consistent criticism from Trump, who has called for the chairman’s firing on multiple occasions. In 2018, Trump considered replacing Powell after the Fed raised interest rates. A year later, the former president called Powell an “enemy” over a disagreement about interest rate cuts. Trump claimed in 2020 he had the authority to remove Powell as chairman, saying Powell had “made a lot of bad decisions, in my opinion,” according to CNN. Powell said this summer he intends to serve the remainder of his term. Trump has pushed against the independent nature of the Fed, saying in August he believed the “president should have at least say” on interest rates while boasting his own economic instincts, saying they were better than that of the Fed or Powell" [Source: https://www.forbes.com/sites/antoniopequenoiv/2024/11/07/can-trump-fire-jerome-powell-fed-chairman-says-he-wont-resign-if-trump-asks/]
Key takeaways from Fed Chair Jerome Powell’s congressional hearing: https://www.cnn.com/2025/02/11/economy/fed-chair-powell-senate-testimony/index.html
“Central banks are hoarding gold, purchasing it in amounts that rival the shopping spree of a recently divorced hedge fund wife, who got free access to a credit card and the ex’s settlement money.” https://www.wealthresearchgroup.com/kneeling-down-powell-follows-strict-rothschild-orders/
"Powell, a Republican, was appointed by Trump in 2017 and reappointed by President Joe Biden in 2021. He has faced consistent criticism from Trump, who has called for the chairman’s firing on multiple occasions. In 2018, Trump considered replacing Powell after the Fed raised interest rates. A year later, the former president called Powell an “enemy” over a disagreement about interest rate cuts. Trump claimed in 2020 he had the authority to remove Powell as chairman, saying Powell had “made a lot of bad decisions, in my opinion,” according to CNN. Powell said this summer he intends to serve the remainder of his term. Trump has pushed against the independent nature of the Fed, saying in August he believed the “president should have at least say” on interest rates while boasting his own economic instincts, saying they were better than that of the Fed or Powell" [Source: https://www.forbes.com/sites/antoniopequenoiv/2024/11/07/can-trump-fire-jerome-powell-fed-chairman-says-he-wont-resign-if-trump-asks/]
Key takeaways from Fed Chair Jerome Powell’s congressional hearing: https://www.cnn.com/2025/02/11/economy/fed-chair-powell-senate-testimony/index.html
“Central banks are hoarding gold, purchasing it in amounts that rival the shopping spree of a recently divorced hedge fund wife, who got free access to a credit card and the ex’s settlement money.” https://www.wealthresearchgroup.com/kneeling-down-powell-follows-strict-rothschild-orders/