Post
Conversation
![David Watson 🥑](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="96" height="96"><rect fill-opacity="0"/></svg>)
Post your reply
Federal reserve is not a an agency. Its a system of private reserve banks. The fact that the Board of Governors is appointed by the President is an oversight mechanism to make up for their monopoly right to distribute currency on behalf of the Treasury Department.
President Trump issued an executive order indicating that he will focus on using the Alien Enemies Act to combat international cartels that have become entwined with “mafia states”.
AH I SEE YOU ARE NOT FAMILIAR WITH THE "distinct historical tradition of the First and Second Banks of the United States." MATT
Does anything really matter except the ability to bring force to bear, when it comes to politics and governance?
On that note, notice how Trump won't fire Hegseth no matter what.
Constitutional law is just making things up which is why the President is free to disagree with the Supreme Court any time he sees fit
Literally everyone in America except elite law school professors has always understood this.
Read the constitution! Is setting the rates at which it lends to banks an “executive power?”
Automated
Fed's unique status = constitutional. Not exec power, but delegated thru private banks.
CFPB/FTC "independence" = power grab by D.C. bureaucrats dodging oversight.
Trump-era cuts saved $28.7B. Dismantle bloated agencies, restore Constitution.
The established common law principle of “the King gets to do whatever he wants except totally tank my and my fellow justices’ 401ks”.
The law is what people in power say it is. Minorities have always known this, glad to see the rest of the country figuring it out.
If the president does it, it’s not illegal, is having a good run
have you ever done a piece on things we really should have put into a Constitutional amendment by now if it wasn’t so hard to pass one?
Up there with "affirmative action is constitutional, but only for 30 more years"
the fed is not a government agency. it's a public-private partnership that grants us an advantage over all fully government-owned central banks, because private equity always has a personal incentive to succeed financially, whereas government economists don't profit from results.
They've done it all along.
The conservatives on the court back in Bush v Gore, who were in favor of Federalism in most cases, instead opted to intervene in a State judicial matter in that one instance.
It's always political bias.
"The Constitution says what we say it says"
On the one hand a shocking amount of our government's design is predicated on the notion that everyone involved is acting in good faith and...hahahahaha.
OTOH I dont know how to safeguard against that.
If Trump did fire Powell, at least 4 of the justices would say he has the authority to do so.
Kind of Bush v Gore all over again.
Our guy gets the job ... ymmv ... no precedent (psych!).
Constitutional law has always just been making stuff up. Nobody has ever said otherwise.
so is "we're not deciding the merits and still need full briefing" while issuing an order that only makes sense if they have decided to overrule existing precedent. (did the same thing in Dobbs)
Hey, they have investments they don't want to tank just like everyone else. 
“The U.S. Constitution” by U.S. Comics brings our founding document to life by describing the reasons behind each amendment and the rights those amendments protect for all Americans. Discover the 100-page graphic novel from U.S. Comics. kingstonecomics.com/products/the-u
0:59
"U.S. Constitution" graphic novel
Fwd isn't independent. It was enacted by Congress, supposed to be overseen by Congress and can be dissolved by Congress.
You should learn more about the Fed. It's unique. Quazi-private. And a fascinating history, pre-Fed.
That could have been said about this court almost from the day John Roberts arrived. But Democrats wanted to show they were better than Republicans ranting about 'unelected judges!!' so they enable ethically & actually corrupt judges like the SCOTUS 6.
Fed is actually independent. Others are departments of gov. get your facts straight.
Please tell me where in the Constitution it details executive agencies that are somehow not part of article II. Because I don’t see that section.
This entire shitshow and Trump’s power is the consequence of the “corporations are people too” interpretation.
A little remedial Fed lesson:
unlike the independent agencies, the operation budget of the federal reserve is not subject to the congress appropriation or approval (power of the purse), so that's a good argument to say it's NOT one of the three branches of the federal government provided the constitution.
Three co-equal branches of government, each in equal deferential service of the Bond Market.
A Fed that is not accountable to voters is unconstitutional. If it was, it might be the most influential branch of government.
