Jerome Powell Isn’t the Problem, the Real Problem is…

Authored by Devvy Kidd not AI

July 28, 2025

This past week has been some roller-coaster ride with President Trump dealing with a mountain of problems created by illegitimate president, Hussein Obama, who promised to “transform America” when he ran for president in violation of the U.S. Constitution and old Uncle Joe Biden.

As President Trump has been working long hours every day (at age 79) to improve the lives of Americans and restore our economy and having a serious war with Jerome Powell regarding interest rates.

Initially it was reported Trump was going to fire Jerome Powell, “President Trump has backed off of his threats to fire Federal Reserve Chair Jerome Powell — for now. “The president appeared to reach a breaking point with Powell last week when he told Republican lawmakers he would likely be nixing the Fed chair soon. But he has since backed off, while officials and outside voices have warned about such a move’s impacts to the markets., July 23, 2025, The Hill

Jerome Powell’s term of Chairman ends in May 2026 but he can remain on the Board of Governor’s until Jan. 2028.

While the cat fight is going on, the real issue is abolishing the privately owned unconstitutional “FED” that creates inflation, deflation, stagflation, recessions and depressions. (Read The Coming Battle) The “FED” is what caught my attention in 1992 and I’ve been writing about it ever since.  If someone would have told me almost 32 years ago my main focus would be the “FED”, I would have laughed myself silly.

Art 2, Section 8, Clause 5 U.S. Constitution; “Congress shall have the power ‘coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures”.  This authority is vested only in the U.S Congress.  On April 19, 1982, the U.S. Court of Appeals for the Ninth Circuit ruled that the Federal Reserve Banks are privately owned, locally controlled corporations (Lewis vs United States, 680 F.2d 1239)

In reality what Congress has done to you me, our children and grandchildren is nothing short of what thieving outlaws in the old West did on a daily basis, kissed and blessed by rotten, corrupt members of both parties – most of whom have no understanding of the issue.

“Paper is poverty…it is only the ghost of money, and not money itself.” Thomas Jefferson to Edward Carringon, 1788. ME 7:36.

So few Americans have any understanding (like me) until I became aware of how the “FED” came about, who was behind it and most importantly: what is fiat currency? How do you create “money” out of thin air?  It’s not just “We the People”, the profound ignorance by members of Congress (AOC at the top): regarding one of the most important things in his country, our currency, is inexcusable.

In doing a ton of learning and research I read a lot of old dusty books the robber barons hope most wouldn’t read.  One of them was Secrets of the Temple by William Greider.  Testimony at the House Banking Committee, Oct. 7, 1993;

“The veil of secrecy certainly does enhance the mystique surrounding the Fed and the general ignorance about it.  Otherwise confident and intelligent people including members of Congress – defer to the Fed’s wisdom mainly because they do not understand it.  They are understandably intimidated by its mystery and power.

“And, as every governor freely acknowledged to me, the Fed also makes mistakes just like the rest of us mortals.  The difference is that the mistakes can have devastating impact on the lives and fortunes of millions.  It can sink viable business enterprises and force debtors to the wall and put millions of people out of jobs.  It can reward some investors and punish others.

“Given these vast powers, it is fatuous to pretend that the Federal Reserve can somehow be insulated from politics.  And, indeed, it is not.  As any candid governor will tell you, the institution is bombarded constantly with pleas and demands and unsolicited advice from selected interests.

“As a matter of style, lobbying the Fed is done more delicately and discreetly than, say, lobbying Congress or the White House, but the private and semi-private dialogues surrounding monetary policy go on continuously – between the Fed and financial markets, bank and brokerages and other major players, both foreign and domestic.

“The only players who are let out of this conversation are the American people and to a large extent their elected representatives.  Instead, they are provided a frustrating stream of evasive euphemisms and opaque jargon and platitudinous generalities and, sometimes, even downright deception.

“As more than one Federal Reserve governor confided to me, it would be very difficult – perhaps impossible – for the fed to have an honest discussion of monetary policy with Congress or the public because the level of ignorance is so profound.”

No?  One of the most fascinating and historical books I’ve read and wrote about in a column is Debt Ceiling Battle – More of the Same, May 1, 2023 (Doesn’t this remind you of the ‘big beautiful bill’, spending and waste?)

It’s a long story but let me give you a few excerpts from All The Presidents’ Bankers:  The Hidden Alliances That Drive American Power by Nomi Prins.  The author has done an amazing favor for Americans.  Besides the Table of Chapters, she provides the names of key bankers and a quick bio on each one which is quite important.

Then The Original 1929 “Big Six”, all banks you will recognize and then Key Political Officials.  At the end of Prins’ book is a mammoth list of notes for source references and finally a very helpful Index. The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin is also considered one of the most important and bestselling books on this issue.

How many times have we heard from Democrats (in Congress or the White House) how greedy the banks are and how none of them want anything to do with Wall Street?  Do you remember back in 2011, the Occupy Wall Street 59-day shout-out about economic inequality, big money in politics from the banks?

Well, who was president back then?  Oh, that’s right.  We didn’t have one as Hussein Obama was ineligible to run for the presidency.  He simply usurped the office through fraud and deceit while Republicans trembled and did nothing for fear of being called a racist.  The Constitution no longer matters to a huge percentage of Americans including elected officials; local and state to Congress including state and federal judges.

All The Presidents’ Bankers, pg 411: “Bankers believed Democratic candidate Barack Obama would help them more than his opponent, John McCain – particularly at Goldman Sachs, Obama’s largest corporate contributor for the 2008 election.”  Pg. 412: “In classic Democratic Party fashion, Obama promised to “reign in Wall Street forces and their risky practices” while taking their contribution money.”  Wonder how many of the Occupy Wall St. protesters voted for Obama?

What makes Prins’ book so extraordinary (I couldn’t stop reading) is the massive amount of research she did, second only to Dr. Edwin Vieira’s, Pieces of Eight – The Monetary Powers and Disabilities of the United States Constitution; A Study in Constitutional Law which should have won a Pulitzer Prize in Economics. (Read at Internet Archives)

Much of what Prins writes I already knew but not a whole lot of early history; or have forgotten since school days if it was even taught. Prins meticulously explains for anyone to understand the world of banking shenanigans and crimes.  She uses the actual words from major players in their letters and meetings. After the Federal Reserve Banking Act of 1913 was passed, it’s all gone to hell over the decades.

Scheming on the part of the biggest banking tycoons is eye-popping.  How they manipulate presidents and Congress to see things their way in order to accumulate unimaginable wealth.  In reality, presidents wanted to use the bankers, too.  A big incestuous cabal.  But what goes up, must come down.

President Andrew Jackson took on the robber banker barons:

“You are a den of viper and thieves.  I intend to rout you out.”  Jackson was discussing the recharter of the Second Bank of the United State. 1832.  WH Archives:

“Henry Clay, Daniel Webster, and other Whig leaders proclaimed themselves defenders of popular liberties against the usurpation of Jackson. Hostile cartoonists portrayed him as King Andrew I. [Note: Now President Trump is called Hitler and other nonsense.]

“Behind their accusations lay the fact that Jackson, unlike previous Presidents, did not defer to Congress in policy-making but used his power of the veto and his party leadership to assume command.

“The greatest party battle centered around the Second Bank of the United States, a private corporation but virtually a government-sponsored monopoly. When Jackson appeared hostile toward it, the Bank threw its power against him.

“Clay and Webster, who had acted as attorneys for the Bank, led the fight for its recharter in Congress. “The bank,” Jackson told Martin Van Buren, “is trying to kill me, but I will kill it!” Jackson, in vetoing the recharter bill, charged the Bank with undue economic privilege.

“His views won approval from the American electorate; in 1832 he polled more than 56 percent of the popular vote and almost five times as many electoral votes as Clay.

“Jackson met head-on the challenge of John C. Calhoun, leader of forces trying to rid themselves of a high protective tariff.

“When South Carolina undertook to nullify the tariff, Jackson ordered armed forces to Charleston and privately threatened to hang Calhoun. Violence seemed imminent until Clay negotiated a compromise: tariffs were lowered and South Carolina dropped nullification.”

Simply explained and screwed again.  (Deceased) Congressman John William Wright Patman’s words from a speech he made on September 290, 1941, entered into the Congressional Record. Patman was a Democrat who sat on the United States House Committee on Banking and Currency.  He was always after the “Federal” Reserve.  (Emphasis mine)

“When our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money… I am saying to you in all sincerity, and with all the earnestness that I possess, it is absolutely wrong for the Government to issue interest-bearing obligations. It is not only wrong: it is extravagant. It is not only extravagant, it is wasteful. It is absolutely unnecessary.

“Now, take the Panama Canal bonds. They amounted to a little less than $50,000,000 — $49,800,000. By the time they are paid, the Government (OUR tax dollars) will have paid $75,000,000 in interest on bonds of less than $50,000,000. So the Government is paying out $125,000,000 to obtain the use of $49,800,000. That is the way it has worked all along. That is our policy. That is our system. The question is: Should that policy be continued? Is it sane? Is it reasonable? Is it right, or is it wrong? If it is wrong, it should be changed.

“The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money, but now, under our system, we will sell bonds to commercial banks and obtain credit from those banks.

“I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue. I make that statement after years of study.

“We have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is, because it says `Federal Reserve’. It belongs to the private banks, private corporations. So we have farmed out to the Federal Reserve Banking System that is owned exclusively, wholly, 100 percent by the private banks — we have farmed out to them the privilege of issuing the Government’s money. If we were to take this privilege back from them, we could save the amount of money that I have indicated in enormous interest charges.” *End*

Full text of “Congressman McFadden on the Federal Reserve Corporation” May 23, 1933: “Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.

“This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.” Rest at link.

President Trump appears to have changed his mind about firing Jerome Powell.  Likely one or more of his attorneys explained the process regarding the Fed’s Board of Directors and the legal process.

Fed Chair Jerome Powell accused of lying to Congress over $2.5B ‘Palace of Versailles’ HQ revamp, June 30, 2025

President Trump then goes on a tour with Jerome Powell on July 24, 2025, to see the new golden palace being renovated using debt since OUR treasury currently is $36.2 TRILLION in debt!  President Trump posted this on his Truth Social: (WHAT?)

“It was a Great Honor to tour the Renovation (and some new Construction!) of the Federal Reserve Building with Chairman Jerome Powell, Senator Tim Scott, and others. It’s got a long way to go, would have been much better if it were never started, but it is what it is and, hopefully, it will be finished ASAP. The cost overruns are substantial but, on the positive side, our Country is doing very well and can afford just about anything — Even the cost of this building!”

Perhaps President Trump is giving Powell enough rope to hang himself (metaphor) with a big smile.

We’ll never be financially independent, stop being raped in interest to rent our own hard-earned dollars – and stop all the fake “money” being spent on wars in foreign lands until the “Fed” is abolished.  YOUR children will grow up drowning in borrowed debt so CON-gress can spend borrowed debt and then borrow more for unconstitutional cabinets, agencies and  programs while overlooking the massive fraud and waste.

Of course, CON-gress refuses to even consider cutting off the chains around our neck. It’s nice Sen. Rand Paul and a few others have been calling for a full audit of the “Fed” but that can be done AFTER the Federal Reserve Banking Act of 1913 is abolished and its physical assets sold off with the money going to the people’s purse, the U.S. Treasury.

It’s most unfortunate President Trump literally hates Rep. Thomas Massie for not voting for more spending over the years. Once again, Rep. Massie has another bill that will die in December:

1. R. 1846: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES, March 5, 2025

Mr. Massie (for himself, Mr. Biggs of Arizona, Ms. Boebert, Mr. Burlison, Mrs. Cammack, Mr. Cloud, Mr. Crane, Ms. Greene of Georgia, Ms. Hageman, Mr. Perry, and Mr. Roy) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes. *Rest at link* It has all of 10 cosponsors and as usual, my Rep. Jodie Arrington isn’t one of them.

Massie isn’t the first:  2007 – H.R.2755 introduced by then Rep. Ron Paul: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.  O co-sponsors.

I bring this up because tens of millions of Americans hope many of President Trump’s EO’s will become law and recorded in the Federal Register.  Tragically for our country, partisan judges have declared war again against Trump’s EO’s and authority as defined in the Constitution.

For a thorough, comprehensive education on the Fed, the income tax, education, Medicare, SS, the critical, fraudulent ratification of the Seventeenth Amendment and more, be sure to order my book by calling 800-955-0116 or click the link, “Taking Politics Out of Solutions“. 400 pages of facts and solutions. Order two books and save $10.00

© 2025 Devvy Kidd – All Rights Reserved

E-Mail Devvy: [email protected]

Related:

It’s being reported one million free loaders have crossed back across the border and the jobs they stole from Americans are now available with Americans lining up to apply for those jobs which is great news.  Next we’re going to have to deal with the disaster being planned called blockchain and our currency.

President Trump can only serve this last term and dealing with all these foreign squabbles is not good for our country – especially the Iran insanity.  I pray I’m wrong, but I believe there’s going to be planned violence (worse than what we’ve seen since 2021) by illegals and the brain washed who support them AND Muslims.  Remember, Islam is a political party, see page 5. They’re making huge strides here just as they’ve ruined most of Great Britain, France and other countries as they strive for their “world caliphate”.

Jamie Dimon Sent Donald Trump a Warning About Meddling With the Fed – Business Insider, July 15, 2025 – “On Tuesday, the JPMorgan CEO touched on the feud between Trump and the Fed chair. Dimon said it’s important for the central bank to maintain its independence, referring to Trump’s threats to fire Powell or announce a new Fed chair months in advance, a move that could undermine Powell’s decision-making.”

Blockchain : “a digital database containing information (such as records of financial transactions) that can be simultaneously used and shared within a large decentralized, publicly accessible network.

“The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.”  Hackers just love all this cyber, digital technology (not to mention OUR government spying on us) and they’re very good at what they do:

Russian Hackers Breached 632,000 DOJ And Pentagon Email Addresses In Massive MOVE Cyberattack, Report Says, Oct. 30, 2023 //  Big Brother is Watching You // Data Centers: The Growing Danger  // Every Move You Make…I’ll Be Watching You

I know I’m aways recommending books and here’s two:  The Secrets of the Federal Reserve by Eustace Mullins. and America’s Protectionist Takeoff 1815-1914 by Michael Hudson (excellent).

Video: Federal Reserve’s Transfer of Wealth, Dr. Edwin Vieira – Short

The Road Not Taken by Dr. Edwin Vieira

Podcast:  Dr. Vieira – The Evolution of the Federal Reserve –  Excellent

Video: Elon Musk SHOCKS the Deep State & Calls to “END THE FED” with Ron Paul in charge

The Future of Money: The Fed, Big Banks, and Bitcoin:  The Federal Reserve Protection Racket, New American, April 1, 2025 (You can also listen)

Structure of the Federal Reserve, Jan. 6, 2025, Congress.gov

WATCH: Fed Chair Jerome Powell Tries to Argue with Trump when Confronted on Cost of Federal Reserve Headquarters Renovation, July 24, 2025: “Powell is under fire for the cost of renovating the Fed’s DC headquarters. The cost ballooned from $1.9 billion to $2.5 billion. He currently also faces a criminal referral to the Justice Department from Congresswoman Anna Paulina Luna (R-FL).”