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Started By
Message
re: Fed Reserve Blocks Trump Admin From Inspecting Renovation, Trump Says I'm Going
Posted on 7/24/25 at 10:26 am to NC_Tigah
Posted on 7/24/25 at 10:26 am to NC_Tigah
quote:Of course it didn't. The fools on here who believe everything that's posted on X, including sourced from pure garbage websites like gatewaypundit is disgusting.
while the Fed did not explicitly block the Trump administration from inspecting its renovation project,
quote:
it did decline a request from Trump officials for an on-site visit
If that's the case then why is on Fox.com's front page today saying this?:
quote:LINK
President Donald Trump will visit the Federal Reserve headquarters in Washington, D.C. on Thursday...
Trump is joining a group of administration officials touring the headquarters after it underwent $2.5 billion in renovations.
3
Posted on 7/24/25 at 10:28 am to notsince98
If you think residential houses in the South are using copper for anything other than possibly exterior water faucets or stemming from hot water heaters then I don’t know what to tell you, even now those have been replaced by PEX
Posted on 7/24/25 at 10:29 am to LSURussian
They certainly do but they aren’t the only ones who believe everything on X lol
Posted on 7/24/25 at 10:29 am to Major Dutch Schaefer
I bet Swampers skimming money off da top!
Posted on 7/24/25 at 10:32 am to LSURussian
quote:
He might since it's a fact that President Trump didn't object to the Fed's renovation plans in 2017 when he was POTUS the first time.
That was before Powell was Chairman of the Fed. Janet Yellen was Chair when the renovation plans were first approved.
So what? He's the president of the executive branch and the sole head of the US government. There's no "set it and forget it" principle that exempts federal agencies from the continuing supervision and control of the President just because there was some degree of approval at some point in the past.
The idea that the Fed can do whatever it wants and run up whatever costs it wants on its vanity office project, without supervision, is a nice metaphor for the core problem with the Fed. It's an anti-democratic and unconstitutional institution that should be brought back under the control of the American electorate.
Posted on 7/24/25 at 10:32 am to idlewatcher
What is Trump going to do, say he
cold get a better deal on Sheetrock from a supplier he knows in Queens?
Earthshaking…
cold get a better deal on Sheetrock from a supplier he knows in Queens?
Earthshaking…
Posted on 7/24/25 at 10:33 am to LSURussian
quote:
He might since it's a fact that President Trump didn't object to the Fed's renovation plans in 2017 when he was POTUS the first time.
He also wasn't razor-focused on cuts to government bloat and obvious money laundering schemes in 2017. It took having an election stolen from him, being fraudulently prosecuted and being shot, to get him good and pissed off and ready to go scorched earth.
Posted on 7/24/25 at 10:36 am to LSURussian
quote:
He might since it's a fact that President Trump didn't object to the Fed's renovation plans in 2017 when he was POTUS the first time.
Thats when it was 1.9bil
Now its 2.5bil and thats the issue now
Posted on 7/24/25 at 10:36 am to rob0710
quote:
We have all been told it's a government agency.
No you haven't.
Posted on 7/24/25 at 10:37 am to notsince98
I was thinking for discharge , you know like flushing the terlit.
quote:
Pex would be ok but not PVC. You do not use PVC for potable water
Posted on 7/24/25 at 10:37 am to Rip Torn
quote:Thank you. The internet can provide a wealth of good information if you're not craving confirmation bias on everything you believe.
Since you are so well versed in it
quote:$1.9 billion in 2017 and $2.5 billion now.
what was the original approved budget and what is it now?
Both figures are ridiculously high in my opinion.
The cost increase has been attributed to labor and material costs (post COVID vs. pre-COVID) along with a previously unknown factor of massive asbestos and lead paint toxins once the tear down began.
The lead toxins had seeped deep into the soil under the renovation site which required a complete excavation and proper disposal of the contaminated soil followed by replacing it with uncontaminated soil.
It still seems to me the cost is unreasonably high.
Posted on 7/24/25 at 10:38 am to Major Dutch Schaefer
I'm still amazed at how many of the DC bureaucrats still believe they are in the drivers seat and they are still running the show. Trump's got the wheel now and the Bureaucratic State Skunks are riding in the backseat, crammed in the trunk or kicked to the curb.
Posted on 7/24/25 at 10:46 am to TigerIron
quote:I agree with you.
The idea that the Fed can do whatever it wants and run up whatever costs it wants
The Fed should be and is supervised by both the Executive and Legislative branches of government, including annual audits by the CBO and Inspector General.
If it makes you feel slightly better about the costs, the Fed is not on the Federal government's budget. No taxpayer funds are used by the Fed for its building renovations.
It has to use its own self generated funding, mainly from fees it collects from commercial banks for providing services to them and from the interest it earns on its Treasury securities portfolio, to cover its expenses, including construction costs.
This post was edited on 7/24/25 at 10:48 am
Posted on 7/24/25 at 10:55 am to LSURussian
quote:Because Trump ignored the declination. POTUSes have visited the Fed in the past. He's slated to arrive there at 4pm EST.
If that's the case then why is on Fox.com's front page today saying this?:
Posted on 7/24/25 at 11:00 am to NC_Tigah
They are going in come hell or high water! Hopefully the reserve guard stands down and doesn’t escalate.
Posted on 7/24/25 at 11:01 am to NC_Tigah
quote:Fair enough. So this thread's title is 100% fake news.
Because Trump ignored the declination.
The Fed did NOT block Trump from touring the Fed's building.
That would be akin to Jamie Dimon ordering the POTUS to not enter his bank's HQ in New York.
Posted on 7/24/25 at 12:03 pm to idlewatcher
quote:
Imagine having a builder President come audit your building
Oh shite... I totally forgot about that. Powell F'd.
Posted on 7/24/25 at 12:09 pm to udtiger
quote:
Trump has been in the construction game for a loooooooong time, so they won't be able to bullshite him on this.
That’s probably the biggest reason why they are so reluctant.
Posted on 7/24/25 at 12:48 pm to LSURussian
quote:
It has to use its own self generated funding, mainly from fees it collects from commercial banks for providing services to them and from the interest it earns on its Treasury securities portfolio, to cover its expenses, including construction costs.
It can only "generate funding" because it has governmental powers over the money supply and the banking system. Since it has governmental powers, it's part of the government, and since it's part of the government it should be and constitutionally is subject to the supervision of the head of the government, the President.
Posted on 7/24/25 at 12:53 pm to rob0710
quote:
So is the Federal Reserve public or private? We have all been told it's a government agency. Or is that another lie?
The Federal Reserve is neither part of the Federal government, nor do they hold currency in reserve.
The Fed is the US-based branch of the western Central Banking clan that serves as the issuer of an open-ended credit card in possession of their sole customer - the United States Government.
The US Treasury takes out unlimited cash advances against that "credit card" with no collateral/security against it. It's simply numbers on a spreadsheet that are conjured up out of thin air.
There is just as much financial basis for Republic/Imperial credits in the Star Wars universe as their is the Federal Reserve Note that masquerades as the US Dollar.
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