@LawrenceLepard Don't need 27k employees to set interest rates in the free market.
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JohnnyMac
177 posts
@callajohn99 wouldn’t work. interest rates should be set in the free market.
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They make it all sound so noble when in fact it is a protection racquet for the Government and the Banks. My book explains this clearly. Makes me sick. The Fed needs to fail. And it WILL! Bitcoin fixes this.
Nick Timiraos@NickTimiraos
Former Philadelphia Fed president Patrick Harker offers a personal reflection upon Powell's decision to not leave the Fed board as his term as chair concludes: "Fed independence is not an abstraction. It is the daily practice of making decisions on the merits.... It is maintained by chairmen who absorb pressure and keep the room functioning, and sometimes by chairmen who delay their own retirement to keep the room standing. Jay has done both." linkedin.com/pulse/jay-powe…
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@BarronTNews_ Start canceling certain secret service assignments to save money maybe start with Obama and the Clinton's.
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Reports say some Secret Service support staff have gone unpaid and agents have had to cover work expenses on personal credit cards while reimbursement is delayed.
That’s unacceptable.
The people protecting leadership shouldn’t be dealing with that.
Fix it and make them whole.
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@Cointelegraph @SenThomTillis why is it any different then you trading stocks??
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🇺🇸 LATEST: Senator Thom Tillis warns he will vote against the Senate crypto bill unless it includes ethics language restricting officials' use of digital assets.
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@SenThomTillis Hes retiring soon. He will stick it to Trump on the Clarity and Save America Act. Self righteous!!!
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I have been clear from the start: the U.S. Attorney’s Office criminal investigation into Chair Powell was a serious threat to the Fed’s independence, and it needed to end before I could support Kevin Warsh’s confirmation. I welcome the Inspector General's investigation. This is a necessary and appropriate measure, and I have confidence it will be conducted thoroughly and professionally.
I take the Department of Justice at its word: the investigation is closed, and any appeal of Judge Boasberg’s ruling will be with respect to legal principles and not for the purpose of reissuing subpoenas. Only a criminal referral from the inspector general would cause a reopening of the investigation.
With these assurances, I look forward to supporting Kevin Warsh’s confirmation. He is an outstanding nominee, and it is time for the Federal Reserve to move beyond this distraction and return its full attention to its mission.
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@EleanorTerrett @fund_defi @SECGov How come we have not heard from @POTUS on this issue that basically got him elected. Pass the Clarity Act!!!
@SecScottBessent
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🚨NEW: A coalition of more than two dozen crypto firms and advocacy groups led by @fund_defi is calling on the @SECGov to turn recent guidance on DeFi interfaces into formal rulemaking, warning that informal statements aren’t enough to provide long term certainty.
The push follows staff guidance released earlier this month from the SEC’s Division of Trading and Markets suggesting that certain non-custodial user interfaces like DeFi front ends and wallets may fall outside broker-dealer requirements.
The group says that without formal rules, future SEC leadership could expand the definition of “broker” to include software developers and infrastructure providers, warning the move could chill innovation and deter the development of tools that improve market access and efficiency for investors, a concern echoed by SEC Commissioner @HesterPeirce.
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Kevin Warsh is a great nominee to be Chairman of the Federal Reserve, and I look forward to supporting him out of committee once the DOJ drops their bogus investigation into Chairman Powell that threatens the independence of the Fed.
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We have bipartisan support. We have the president’s support. This is our moment. Let’s get this done.
Club for Growth@club4growth
Momentum is building for CLARITY. Club for Growth sent letters to Senate Banking members urging immediate markup of the CLARITY Act. Over 100 crypto firms also urged the Senate to move forward on market structure legislation. It’s time to move from uncertainty to clarity. The Senate should act now! 👉clubforgrowth.org/wp-content/upl…
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@OCOCReport Nobody making money in crypto other then the Trump family. This will not end well!!!
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Forbes: Trump now worth $6.5B (+$1.4B since taking office).
Don Jr. & Eric Trump each went from ~$40-50M to $300-400M range via crypto. Broader Trump family wealth has nearly doubled to as high as $10 billion
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@Sen_Alsobrooks You are a puppet for the banksters. Jamie Dimon is proud of you.
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Kevin Warsh could not answer my very simple questions regarding the independence of the Federal Reserve – and couldn’t defend Governor Lisa Cook’s tenure.
I’m a no.
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@ChadSteingraber @Sen_Alsobrooks A bankster puppet for Jamie Dimon.
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@ChadSteingraber @Sen_Alsobrooks needs to be challenged and voted out in November!!!
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Sen. Angela Alsobrooks is leading the bank blockade.
A final compromise continues to evade negotiators.
Monday, Sen. Thom Tillis (R-N.C.) told Scott the committee should markup this legislation no sooner than May, pointing to outstanding problems in the talks he’s been leading with Sen. Angela Alsobrooks (D-Md).
Bank opposition to a draft developed in mid-April is the latest reason for delay.
Punchbowl News@PunchbowlNews
First in the VAULT: A coalition of crypto companies and trade associations urged the Senate Banking Committee to “swiftly” schedule a markup of legislation that would overhaul the market structure of the financial system. @BrendanPedersen has the details: punchbowl.news/article/vault/…
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@mrnguyen007 @SenatorTimScott @SenThomTillis @SenLummis @WhiteHouse @realDonaldTrump Vote accordingly this November!!!
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A question for all American Crypto HODL! 🇺🇸
Are you happy with how US Congress handled the clarity act?
@SenatorTimScott @SenThomTillis @SenLummis @WhiteHouse @realDonaldTrump 🇺🇸
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🚨NEW: The crypto industry is ramping up pressure on @BankingGOP, urging them to move forward with a Clarity Act markup ASAP.
Blockchain Association@BlockchainAssn
1/ Today, @BlockchainAssn and @crypto_council, joined by a broad coalition of more than 120 organizations from across the digital asset ecosystem, urged the Senate Banking Committee to move forward with a markup on market structure legislation. Years of bipartisan work have brought Congress to an important moment. The U.S. needs clear, durable rules that protect consumers, provide certainty, and reinforce American leadership in digital asset innovation.
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🇺🇸 LATEST: The American Bankers Association has requested 60 more days to comment on rules tied to the GENIUS Act stablecoin bill, potentially delaying implementation.
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@SenWarren Would you care to release how much you paid in taxes on all your trading gains?
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If you paid even a penny in federal income tax last year, you paid more than:
Tesla
Southwest
Disney
Live Nation
HP
United
PayPal
CVS Health
Palantir
Citigroup
PG&E
3M
That's right. They paid $0 in federal income tax.
It's time for big corporations to pay their fair share.
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