Trump Allies Target Fed's Independence: WSJ

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News Date: April 27, 2024

Some members of Trump's team are devising plans to restructure the Federal Reserve, which could grant the president direct influence over interest rate decisions and potentially remove the current Fed Chair, Jerome Powell, from office before his term ends in 2026.
This move is part of a broader strategy by Trump's allies to diminish the Federal Reserve's independence if he secures a second term, amidst internal disagreements among his advisers on how forcefully to challenge the central bank's authority.
> WSJ report<
This effort follows the federal government's actions in 2020, during Trump's tenure, where large portions of the financial markets were nationalized, with the Federal Reserve providing the necessary funds.
Notably, BlackRock was entrusted with executing the trades, effectively merging the Federal Reserve and Treasury into a singular entity.

Stephen Miller: DOGE Dividends to Be Settled in Congress

February 20, 2025:
Stephen Miller, White House Deputy Chief of Staff, on DOGE dividend checks:
"It's all going to be worked on through the reconciliation process with Congress."
February 19, 2025:
President Donald Trump speaks at FII Institute's Priority Summit in Miami:
"There's even under consideration a new concept where we give 20% of the DOGE savings to American citizens".

Elon Musk is reportedly considering a bold plan to distribute $5,000 checks to every American, funded by savings generated through the Department of Government Efficiency (DOGE).
Dubbed the 'DOGE dividend,' the initiative aims to return value to taxpayers following significant budget cuts and reforms.
The proposal suggests that taxpayers have long felt their hard-earned money was misused by previous administrations. By compensating them directly, the plan seeks to boost tax morale and restore confidence that their contributions are being used effectively.
Musk's idea draws inspiration from past government stimulus efforts, such as the checks issued under the Trump administration, which provided crucial support to millions.
If implemented, the DOGE dividend could mark a new chapter in government accountability and efficiency, reflecting Musk's vision of streamlining operations while ensuring citizens benefit directly from fiscal improvements.
Details on how the plan would be funded and executed are still emerging, but the proposal has already sparked widespread discussion about the role of government spending and taxpayer value.

Countries Repatriating their Gold

In recent years we have seen the likes of Germany, Austria, Belgium, Venezuela, and the Netherlands each repatriate their gold from various locations.
Hungarian National Bank is set to repatriate 100,000 ounces of gold from England.
The pace does appear to have been picking up since Venezuela decided to repatriate its 180 tonnes of gold in 2011.
Also Inspired by Polish example, Slovakia considers repatriating gold from the UK.
Serbia, later on, joined Slovakia in this Sudden Eastern European Gold Repatriation trend.
Countries across the globe are trying to shake off their dependence on the dollar by buying up yellow metal.
Countries around the world are looking for precious metal to cure their dollar dependence.
The main switches are China and Russia. But Eastern Europe is now joining in for its own reasons like many.
Source: youtube.com

Germany Basic Income of $1,400 every month experiment

As part of the study, 120 people will receive E1,200, or about $1,430, each month for three years - an amount just above Germany's poverty line - and researchers will compare their experiences with another group of 1,380 people who will not receive the payments.
Source:themindunleashed.com

Gold's Central Bank Buying and Possible Revaluation

Jim Grant is writing about Gold again: The press infatuation with pronouncing Gold dead, Central Bank purchases and history, Gold's performance in 2022 as inflation hedge (not so good), the potential for European Central Bank revaluations.
Also, The Governor of the Dutch central bank stated the gold revaluation account ensures the solvency of his central bank in an interview on television about prospective losses.
Sources: vblgoldfix, gesara.news

Trump's Fed Nominee Advocates a Gold-Backed Currency, Even a Crypto One

Judy Shelton, President Trump's nominee for the Federal Reserve board of governors, has advocated for getting back to a gold standard, possibly "in a very cryptocurrency way." In an interview, Judy Shelton told reporters:
"I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve."
Source:cointelegraph.com