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Ron Paul Liberty Report

Who’s The Boss? Trump, Powell, or the “Market”?

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.2K Ratings

🗓️ 8 November 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

This week, Fed Chairman Jerome Powell was asked if he would step down if President Trump asked him to resign. Powell answered “No.” The law does not permit the president to fire the Fed chairman. Powell didn’t mention, however, that The Federal Reserve is unconstitutional to begin with. No power was ever granted to the federal government to create a monopoly bank that manipulates interest rates and counterfeits money. So the big issue is not who has more authority over the other; the president or the Fed chairman. The issue is that the Federal Reserve should not exist at all!

Transcript

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0:00.0

Hello everybody and thank you for tuning into the Liberty Report.

0:04.4

With us today we have Chris Rosini, our co-host. Chris, welcome to the program.

0:09.2

Happy Friday. Great to be with you, Dr. Paul.

0:11.1

Good. I don't know how we can make news today. It looks like all the news came out last week.

0:16.2

Everybody knows what's going to happen from here on out.

0:19.6

But I'm obviously being very facetious. Things are

0:22.7

in flux, even though victory has been declared and a lot of happy people are about that. And

0:29.4

we'll wait and see. I keep arguing that the market forces will determine what will happen.

0:35.4

Not today or tomorrow, but, you know, within weeks or months,

0:39.0

that it'll be all, all the questions will be ironed out. But, you know, there were quite a few

0:44.8

things that went on this week, obviously the election, but there was also the Federal Reserve

0:51.4

Board meeting. That came up and they have this full discussion.

0:57.4

I watched the interview on the chairman after the announcement.

1:05.2

And I have never seen a chairman so flustered in my life.

1:10.4

You know, he was like he was responding, you know,

1:13.1

the conservative Republican stations have been reflecting and getting comments made by the liberals

1:20.3

who were actually crying and all this sort of thing. They were very upset with it. Well, Powell was

1:27.1

very, very upset.

1:28.3

But he wasn't joining the language as much, but he exuded it even stronger.

1:36.3

Because there were a couple times they asked him questions that were serious, and he said, no.

1:42.3

And then they'd ask him again, no, no, he can't do that, skits the law.

1:48.4

It was pretty amazing. He was pretty unhappy because in truth, he didn't have the answers.

...

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