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This story hasn’t gotten enough coverage in the midst of all the Epstein and RICO Grande headlines, but it’s an important one. From Business Insider:
"The Trump administration is criticizing the Federal Reserve's renovation project amid a feud with the independent institution over interest rates. Federal Reserve Chair Jerome Powell defended the bank's $2.5 billion headquarters renovation budget in a letter Thursday, in response to accusations from a top Trump administration official who alleged mismanagement and potential legal violations. "While periodic work has been done to keep these buildings occupiable, neither building has seen a comprehensive renovation since they were first constructed," Powell wrote of the Federal Reserve's Washington, DC headquarters built in the 1930s.
The Federal Reserve was spending $2.5B on a building. Read that again.
That, by itself, is mental and cause for overwhelming outrage from the people. I know we’ve all lost our sense of scale when it comes to government spending, but $2.5B is a massive amount of money. Especially for a building that houses an institution that really shouldn’t exist.
Worse, from a narrative standpoint, Jerome Powell is defending this boondoggle building, as if a majority of the country isn’t anxiously awaiting the abolition of his institution.
We shouldn’t have the Fed at all – but we certainly shouldn’t be paying for them to reside in a palace while they actively exploit and bankrupt the full faith and credit of the people of the United States of America.
Don’t just shut down the project. Prosecute the fraudsters that approved it.
And End the Fed. Let's do that National Bank thing that Peter Navarro has been talking about instead.
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