Lisa Cook deserves to be fired by President Trump for her mortgage fraud issues on three properties she claimed as her primary residence. Cook was one of 7 Board of Governors for the Federal Reserve, and was appointed by Biden to bring even more Keynesian economics to a micromanaging Fed that doesn’t need it. Trump, as our elected president, is trying to ignite a red-hot economy, which he has been successful in doing, and the Fed has been in the way with its fake interest rate levels. Fake because, as we have been talking about, the Fed does not deserve the kind of independence it insists on, which is the key premise Lisa Cook has in her lawsuit against Trump. She has been serving a 14-year term, which she believes to be an entitlement. So it’s time to shake things up and start going after these people, even if it’s just for spitting on the sidewalk. Any ethical scrutiny should be applied to the Fed Board of Governors and the bank presidents who are part of the Fed regarding their involvement in our currency management. And a Board of Governors member of the Fed who gets involved in outright mortgage fraud is more than fair game for termination. And any others like Lisa Cook, who is engaged similarly. I have not traditionally been an anti-Fed person, unlike Ron Paul, who has been advocating for this stance for an extended period. I liked Alan Greenspan as a chairman back in the day, and I think there are opportunities for proper management of a nation’s currency. However, the Fed has turned out to be a disaster, exposed even more by the strong economy of Trump, just a half year in. For the second quarter, real gross domestic product increased at an annual rate of 3.3%. Unemployment remains steady at 4.1%, and inflation stands at 2.4%. But it could be better, a lot better, if the Fed weren’t in the way.
The Fed Chairman, currently Jerome Powell, is more of a token position appointed by the president to serve as a kind of press secretary for the Fed in general. The 7 Board of Governors and the Federal Reserve Bank Presidents hold most of the power on monetary policy. And those Governors are appointed as well by the President. In this case, it was Biden who appointed Cook, a well-known Keynesian economist. It is, I would say, nearly impossible to get through college and not be exposed to Keynesian ideas. Most experts in economics share the same views because they were all taught the same flawed theories. I had the same exposure in college, and I never liked it. Unless an economist reads widely, they don’t have access to free-market thoughts in economics emerging from the university system. That made Cook dangerous as an appointment by a Biden administration that was never really in control of itself. Biden was out of touch and was put in office through election fraud. And he was old and always sleeping, giving a bunch of 20-year-old kids the ability to run his presidency through an autopen. So, it was a perilous time that led to Cook being in office in the first place. And her nature was exposed through this mortgage fraud issue that gives Trump a perfect off-ramp to correct that position, which is so critical to monetary policy. We need more free market contributions to our economy. Not more central planners who choke off economic activity to protect centralized bankers with more security at the expense of innovation.
It is a tall order to eliminate the Fed, given its dubious creation in 1913, but not impossible. In that case, the best scrutiny is reserved for this Board of Governors, because the trick is to let people believe they are managing the Fed by electing a president who then appoints the Chairman and the Governors. However, after that appointment, the Fed expects independence from any further scrutiny, and Lisa Cook believes that, as a member of that mighty inner circle, she was immune to any job performance standard. So getting rid of her is suitable for the short-term message that the Fed is on the clock, and that there is an expectation of performance. Trump has every right to fire her, and that shock wave needs to happen in all its glory. Because there are numerous other characters involved in the Fed who abuse their power and often cover it up, managing money should be the top priority in any government. However, as it is now in America, we are tied to globalism and many socialist and communist governments through central and international banking, which really drags down the American economy in unhealthy ways. And Trump is challenging their ability to hold back our economy with phony interest rates meant to cover massive corruption that has taken place through voluminous temptations to print money through quantitative easing disconnected from the gold standard. The Fed cannot be allowed to print a large amount of cash, launder it through Wall Street, and conceal the devaluation behind high interest rates, thereby engaging in a global micromanagement of money. The hint at the problem is in Lisa Cook’s fundamental issue. If she is willing to commit mortgage fraud by lying about her primary residence. What would she be willing to do in a much more serious situation, such as managing American finances and avoiding the power structure of global Marxists who seek consolidated international power through the banks?
The premise of Lisa Cook’s very arrogant lawsuit against the Trump administration is primarily the issue of independence. That an American president can’t tamper with the Fed, that managing money must be bigger than the whims of American election cycles. That arrangement is only suitable for international bankers who don’t want the politics of individual countries to wreck their grip on global currency. We need accountability with the Fed in America, and a lot more of it. So Trump can appoint members to the Board of Governors—he can also fire them. And he should whenever possible. If they stumble a bit, as Lisa Cook did, throw them out and make a big deal about it. Punish them. However, don’t let them think they are entitled to the job, as is evident from Lisa Cook’s lawsuit. She believes her appointment by an illegal president shields her from social scrutiny, and it does not. The answer to many of the world’s problems is greater accountability, especially at the Federal Reserve. We need to abolish the Federal Reserve and have Congress directly involved in the coining of money, as outlined in the Constitution. They should never have punted the task to these truly evil, centralized bankers with international interests. The Fed was an experiment at best. And while we have that debate, the first step is to manage the members who are already there, and let people get to know who they are and what they do. And Lisa Cook has shown a tendency toward corruption, even if it’s lying about a primary residence. Little lies indicate a propensity to commit bigger lies, so Trump was right to fire her. Hopefully, soon, many more like her will follow.
Rich Hoffman

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