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In an unprecedented move that shattered 111 years of Federal Reserve history, President Donald Trump fired Fed Governor Lisa Cook over alleged mortgage fraud, triggering a constitutional crisis that has Wall Street in panic mode. Cook, the first Black woman to serve on the Fed Board, is refusing to leave her office and has hired high-profile attorney Abbe Lowell to challenge what she calls an "illegal action." This isn’t just another Trump firing – it’s a direct assault on the supposed independence of America’s central bank.
The explosive allegations center on Cook allegedly claiming two primary residences – one in Michigan and another in Atlanta – on separate mortgage applications filed just two weeks apart. Federal Housing Director Bill Pulte, who referred the case to the DOJ, revealed the damning evidence on Maria Bartiromo’s show: "She declares Michigan as her primary principal residence. Then literally two weeks later, she goes to an Atlanta condo, secures a loan and also declares that as her primary residence."
Gary Franchi here with this segment from RAW FEED, bringing you the truth mainstream media won’t touch. While MSNBC’s Rachel Maddow plays the race card and CNN refuses to cover the actual fraud allegations, we’re exposing what’s really happening. Cook hasn’t denied the allegations – not once. Instead, her lawyer claims Trump lacks authority, setting up a legal showdown that could redefine presidential power over the Fed.
The stakes couldn’t be higher for everyday Americans struggling under crushing interest rates. Alex Jones revealed grand juries are already convening in Pennsylvania, Virginia, Missouri, New York, and Florida. "The subpoenas are going out and the grand juries are convening as we speak," Jones reported. "This is Trump taking the gloves off." The EU-controlled Federal Reserve has been weaponizing monetary policy against Trump’s recovery, keeping rates artificially high while Europe enjoys cuts.
Your support keeps independent journalism alive during this historic battle. While corporate media spins for the Fed, we’re delivering unfiltered truth. Support Next News Network at https://www.givesendgo.com/Keep-Next-News-Alive or via PayPal at https://www.paypal.com/donate?campaign_id=BAC78BHT6NPU6. Join our channel membership at https://www.youtube.com/channel/UCLoNQH9RCndfUGOb2f7E1Ew/join for exclusive content and help us expose the Fed’s century-long stranglehold on America.
Nobel Prize-winning economist Paul Krugman’s response reveals the establishment’s terror: "We are all Lisa Cook." Former Fed Vice Chair Lael Brainard called it an "unprecedented attack on the independence of the Federal Reserve." But what independence? As Johnny St. Pete exposed, the Fed was created in secret on Jekyll Island in 1910 by seven bankers plotting to control America’s money supply. "Not federal, no reserves," he explained. "Legal counterfeiting" that steals value from every dollar you earn.
Trump’s letter to Cook cited Section 12 U.S.C. 242 of the Federal Reserve Act, stating governors can be removed "for cause." His administration determined mortgage fraud constitutes sufficient cause, especially for someone overseeing America’s mortgage markets. "We need people that are 100% above board," Trump declared at today’s Cabinet meeting. "It doesn’t seem like she was."
The timing is crucial. Roger Stone reports that for the first time in 15 years, the U.S. ran a surplus in June thanks to Trump’s tariff negotiations. "The idea of repealing the 1913 Federal Income Tax Act is not just a random thought," Stone wrote, connecting the dots between tariff revenue replacing income tax and ending the Fed’s control. Every piece of this puzzle points to Trump’s ultimate goal: liberating America from the private banking cartel that has enslaved generations through debt.
Fed Chair Jerome Powell’s silence speaks volumes. Financial analysts note Cook focuses entirely on process, not innocence. Yahoo Finance’s John Hilsenrath observed: "She’s denied the president’s authority to fire her, but she hasn’t denied the allegation." Even establishment voices can’t ignore this glaring omission. Meanwhile, markets wobble as investors realize the Fed’s untouchable status is crumbling.
This is bigger than one governor. It’s about whether unelected bankers can commit crimes while controlling your economic future. The Federal Reserve has operated as an unaccountable fourth branch of government for over a century, creating booms and busts while profiting from both. Now Trump is saying enough. If you’re accused of fraud, you don’t get to manipulate America’s money supply. Period.
Catch the whole RAW FEED live stream at https://youtu.be/b1SXFSCtRKk
