Why Comparing Trump’s Tariffs To The Smoot-Hawley Act Is Dishonest

Trump's tariffs will work — but they'll work even better with the Federal Reserve's help.

FACT CHECK: No, Trump Has Not Ordered The Federal Reserve To Begin Minting Quarters Without Ridges

A viral post shared on X claims President Donald Trump has purportedly ordered the Federal Reserve to begin minting quarters without ridges. 🚨BREAKING🚨 Donald Trump orders federal reserve to begin minting quarters w/o ridges This change comes as a result of a signed petition from 88 jewish advocacy groups claiming that quarters w/ ridges threaten […]

Time to dismantle the Fed’s debt-based dollar scam



A banking cartel is haunting our society with its ability to create, destroy, and control money — the Federal Reserve. It must be abolished and replaced with a more rational and fair system.

Money is the lifeblood of modern civilization. It enables us to establish contracts, assess the worth of goods and services, and trade efficiently. But what exactly is money, and who creates the U.S. dollar?

Our monetary system is a mechanism for transferring wealth to urban elites who produce nothing.

The first step in understanding money is dispelling the notion that a valuable asset like gold backs it — because it doesn’t.

The dollar is valuable for two reasons. First, it is backed by the “full faith and credit of the U.S. government,” meaning its worth derives from its ability to tax people to pay its debts. Second, the federal government only accepts tax payments in U.S. dollars, creating an inherent demand for the currency.

Despite these factors, the federal government creates very little of our money. The U.S. Treasury prints paper bills and mints coins, but physical cash accounts for only about 10% of our total money supply.

The hidden mechanism of money creation

Most of our money comes from debt — and that’s a problem.

Modern money is almost entirely created through lending. Every non-cash dollar must eventually be repaid to a private bank with interest. In other words, most U.S. money is simply a collection of IOUs owed to private financial institutions.

Commercial banks operate under a system called “fractional reserve banking.” They are private businesses that only hold a small amount of cash reserves and issue loans often exceeding 900% of their small cash reserves. When a bank issues a loan and deposits it into a borrower’s account, new “money” is created out of thin air.

An unelected financial cabal

Over 100 years ago, a group of powerful financiers met on Jekyll Island, off the coast of Georgia, to draft a plan that would give them — rather than Congress — control over America’s monetary system. The result was the Federal Reserve Act of 1913, which created the Federal Reserve — a private banking cartel disguised as a government agency.

The Federal Reserve is not part of the U.S. government. It is a privately held bank consortium, accountable only to its shareholders. The Federal Reserve’s transactions have never been fully audited, and its decisions require no approval from any government official. Congress has outsourced its constitutional control of the American money supply to some of the wealthiest people in the world, arguably the greatest financial crime in the history of this country.

When the federal government spends more than it collects in taxes, it borrows the difference. It issues Treasury bills to borrow money from investors or the Social Security trust fund. In some cases, it issues Treasury bills directly to the Federal Reserve. The Fed then creates money by adding numbers to an account without tangible backing. This process leaves the government — and ultimately taxpayers — responsible for repaying the Federal Reserve with interest.

Leveraging their monopoly on money creation, private banks earn vast sums from interest on loans that far exceed what they hold in reserves. U.S. banks currently have $3.3 trillion in reserves yet carry $12.5 trillion in outstanding loans. Borrowers pay real interest on imaginary money, funneling nearly half a trillion dollars annually into bankers’ pockets.

This is why skyscrapers bear the names of banks. Bankers get rich on money that doesn’t belong to them. Our monetary system transfers wealth to urban elites who produce nothing. The interest they collect is a one-way street paved with gold.

The Fed and inflation

Since the Federal Reserve’s creation, the federal government has continuously eroded the U.S. dollar through reckless borrowing. We have now accumulated $38 trillion in debt, and inflation has soared to over 3,000% since 1913, eroding the purchasing power of ordinary Americans.

The tidal wave of newly created “magic money” inflates the total money supply, devaluing existing dollars and making everyday goods more expensive. The Federal Reserve’s shareholders profit because they collect interest on government-issued debt, while bureaucrats, lobbyists, and corporations tied to federal spending rake in the cash. The rest of us, however, pay for their legerdemain through higher taxes and the devaluation of our wealth.

In the last two years alone, the wealth of the bottom 50% of Americans grew by just $1.5 trillion, while the wealth of the top 1% gained $11.8 trillion. Empowered by its control over money, the wealthiest elite has consolidated ownership of media conglomerates, major industries, and political influence. Elites have rigged the system, ensuring that the magical goose laying their golden eggs is never threatened by ordinary people.

Boom-bust — a banker’s best friend

Massive government borrowing coincides with colossal money creation, triggering economic booms. Speculative bubbles form in stocks and real estate, but these booms always lead to busts.

When debt-laden consumers default on loans, the money supply shrinks, and the economy grinds to a halt. Bankers and politicians, armed with insider knowledge, navigate these cycles with ease — profiting from the economy’s expansion and collapse. Meanwhile, the average American suffers job losses, foreclosures, and financial ruin.

We do not elect the elites who control this system. We are simply the drones who ultimately pay for it through higher taxes, inflation, and economic instability. The top 0.1% in America now controls as much wealth as the bottom 90%.

As Thomas Jefferson wrote in 1816, “The banking institutions are more dangerous to our liberties than standing armies.” He foresaw the threat posed by private banks controlling the nation’s currency, predicting they would “deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”

It is time to end this system of financial serfdom. The power to issue money should be returned to the people where it rightfully belongs.

Fed vice chair exits role as DOGE gears up for audit



Federal Reserve Board Vice Chair for Supervision Michael Barr resigned from his position last week after he previously claimed that he wanted to avoid a potential "dispute over the position" with the Trump administration.

Barr's resignation follows reports that the Department of Government Efficiency is preparing to audit the Federal Reserve.

'Asking a Magic 8-Ball whether we should change rates is ACTUALLY better than the Fed!'

In January, Barr sent a letter to then-President Joe Biden, stating that he planned to exit as vice chair on February 28 or earlier if a successor was confirmed. He noted that he would "continue to serve as a member of the Federal Reserve Board" after stepping down.

In a press release announcing his decision, Barr called it "an honor and a privilege to serve as" vice chair, which he noted was a position "created after the Global Financial Crisis to create greater responsibility, transparency, and accountability for the Federal Reserve's supervision and regulation of the financial system."

"The risk of a dispute over the position could be a distraction from our mission. In the current environment, I've determined that I would be more effective in serving the American people from my role as governor," Barr declared.

Bloomberg reported that Vice Chair Philip Jefferson and Governor Michelle Bowman remain on the committee. The media outlet noted that President Donald Trump will likely have to appoint an existing board member as the next vice chair for supervision since a new vacancy is not expected until next year.

Elon Musk, a critic of the Federal Reserve, indicated last month that the DOGE is preparing to conduct a review of the central bank.

"All aspects of the government must be fully transparent and accountable to the people. No exceptions, including, if not especially, the Federal Reserve," Musk wrote in a post on X.

He has repeatedly called the Federal Reserve "absurdly overstaffed."

According to a September 2023 report from Reuters, the central banking system employs roughly 24,000 people.

Federal Reserve Chair Jerome Powell has pushed back on Musk's overstaffing claims.

"We run a very careful budget process where we're fully aware. We owe that to the public, and we believe we do that," Powell told Fox Business in January.

Musk has also scrutinized the Fed's system for determining rate changes.

"Asking a Magic 8-Ball whether we should change rates is ACTUALLY better than the Fed!" he stated.

Musk has argued that lowering rates would "materially benefit lower income earners."

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Rand Paul, Mike Lee, and Glenn Beck float possible audit of Fort Knox. Elon Musk indicates he's game.



Elon Musk, the head of the U.S. Department of Government Efficiency, signaled an interest Monday in auditing the Fort Knox United States Bullion Depository after Republican Sens. Rand Paul (Ky.) and Mike Lee (Utah) and Blaze Media co-founder Glenn Beck pressed the issue.

According to the U.S. Mint, the fortified vault adjacent to the Fort Knox Army installation south of Louisville, Kentucky, presently holds 9.2 million pounds of gold, a figure that includes half of the U.S. Treasury's gold. The New York Post indicated that the value of the reserves on-site are roughly $425 billion.

There have long been calls to undertake a comprehensive audit of Fort Knox — something that does not appear to have taken place in decades.

'Surely, a full audit every 25 years is not too much to ask.'

Roughly 20 years after three gold compartments were opened at the depository for an allegedly thorough audit, a committee of auditors from the U.S. General Accounting Office and the Treasury Department launched a review of the gold holdings at Fort Knox on Sept. 24, 1974.

The GAO later recommended that the treasury secretary task the director of the mint with performing routine audits of the gold. Audits apparently took place for years thereafter on a cyclical basis, at least up until the mid-1980s.

Former Rep. Ron Paul (R-Texas) noted during a 2011 congressional hearing, a year after introducing legislation that would have the fort audited, that "because the government has for so long refused to provide substantive information on its gold holdings, it is not surprising that so much confusion abounds, both within and without the government."

"While the Mint and the inspector general trust the accuracy of the audits performed between 1975 and 1986, this still means that at least two-thirds of the gold reserves were last audited over a quarter-century ago," continued Paul. "Surely, a full audit every 25 years is not too much to ask."

Paul's son, Kentucky Sen. Rand Paul (R), advocated over the weekend for an audit of Fort Knox after the right-leaning financial news site ZeroHedge got the ball rolling again Saturday on audit talk.

'There should be no reason why the American people cannot see them with their own eyes.'

ZeroHedge noted, "It would be great if @elonmusk could take a look inside Fort Knox just to make sure the 4,580 tons of US gold is there. Last time anyone looked was 50 years ago in 1974."

Musk responded, "Surely it's reviewed at least every year?"

Sen. Paul stated, "Nope. Let's do it."

Sen. Mike Lee similarly pushed for an audit, both noting that he has repeatedly been denied access to the depository and raising the possibility that for all the public knows, the contents of the Kentucky vaults could be Pez candies.

Glenn Beck pushed the matter further, noting in letters Monday to President Donald Trump, to White House Chief of Staff Susie Wiles, and to the Treasury Department, "Though on paper, America is the world's largest holder of gold, there has been no full, independent audit of these reserves in over 70 years. This has led to widespread speculation, conspiracy theories, and a growing distrust in our institutions."

"At a time when Americans are more skeptical than ever of their government and financial elites, a simple yet profound act of radical transparency could be a game-changer," continued Beck, proposing that he take a camera crew into the depository to document and verify America's gold reserves.

"If our reserves are indeed secure, as the government claims, there should be no reason why the American people cannot see them with their own eyes," added Beck.

— (@)

After questioning whether the American public's gold was still there, Musk signaled support for Beck's idea, writing, "Yeah!"

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Media reaction is 'a shame': Trump’s Treasury secretary SHUTS DOWN reporter trying to attack DOGE



While the Biden government hired 80,000 new IRS agents to make sure you followed every one of their complicated tax laws, President Trump ordered the DOGE to audit the government — and now Democrat politicians and the media are freaking out.

The reaction speaks volumes about where their true priorities lie, and Glenn Beck of “The Glenn Beck Program” is tired of it, especially following a judge’s attempt to block even Treasury Secretary Scott Bessent from accessing Treasury data.

But Bessent isn’t backing down, and even recently defended the DOGE against a Bloomberg reporter, who pressed Bessent on Elon Musk.


While the reporter insinuated that Elon was doing something wrong, Bessent replied that he and Elon “are completely aligned in terms of cutting waste and increasing accountability and transparency for the American people.”

“I believe that this DOGE program, in my adult life, is one of the most important audits of government or changes to government structure we have seen,” Bessent said firmly. “I think that there are gigantic cost savings for the American people here, and I think it’s unfortunate the way the media wants to lampoon what is going on.”

“These are highly trained professionals, you know, this is not some roving band going around doing things. This is methodical, and it is going to yield big savings,” he added.

Glenn is shocked at the reporter's hostility throughout the interview.

“Did you hear a nonhostile question coming from the Bloomberg reporter?” he asks.

“No,” Pat Gray answers, adding, “But he handled it in a nonhostile way.”

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Former deep-stater accused of sharing US economic secrets with China



A former official at the Federal Reserve has been arrested in connection with an alleged plot to funnel U.S. economic secrets to the People's Republic of China.

John Rogers, 63, of Vienna, Virginia, first joined the Division of International Finance at the Federal Reserve Board in 2010. As a senior adviser with a Ph.D. in economics, Rogers had access to a wide range of sensitive economic information, including proprietary data, plans to target China with tariffs, briefing books for FRB governors, and Federal Open Market Committee deliberations, according to a DOJ press release.

It was not long before Rogers apparently began sharing this confidential information with Chinese officials. Beginning in 2013, Rogers allegedly received an email from one Chinese operative, and within a year, he took the first of several all-expenses-paid trips to the communist country.

During these trips to China, Rogers taught "classes" that seem to have been highly suspect since they were held in hotel rooms and attended by only one or two people, the Washington Post reported. The DOJ press release further indicated that these class attendees were actually Chinese intelligence and security officials "who posed as graduate students at a PRC university."

Considering how much of the U.S.' foreign debt is carried by China, "the data Rogers shared with his co-conspirators could allow China to manipulate the U.S. market, in a manner similar to insider trading. Gaining advance knowledge of U.S. economic policy, including advance knowledge of changes to the federal funds rate, could provide China with an advantage when selling or buying U.S. bonds or securities," the DOJ press release said.

The alleged Chinese co-conspirators have not been named.

In addition to allegedly passing along sensitive information, Rogers also allegedly printed confidential Federal Reserve documents and other intelligence or laundered it through his personal email account in violation of FRB policy. In one particular instance, a colleague apparently chastised Rogers for using his personal email account but still shared with him a book marked "Nonpublic Information FOR YOUR USE ONLY DO NOT DISSEMINATE."

Rogers allegedly sent the book along to his personal email account anyway.

In February 2020, an inspector general at the FRB made inquiries about Rogers' trips to China and communications with Chinese officials. When asked whether he had ever shared any sensitive information with anyone outside the FRB, Rogers reportedly replied, "Never."

The following year, Rogers left the Federal Reserve. By 2022, Rogers had moved to Shanghai and reportedly received at least one more communication from a Chinese contact, offering yet another all-expenses-paid trip, this time to teach a "class" in Qingdao. There is no indication that Rogers responded.

Rogers' residence in China was apparently quite lucrative nonetheless. In 2023, he began working as "a part-time professor at a Chinese university," which the Post identified as Fudan University. For that part-time gig alone, Rogers received nearly $450,000 in compensation, the indictment claimed.

'Let this indictment serve as a warning to all who seek to betray or exploit the United States: Law enforcement will find you and hold you accountable.'

On Friday, Rogers was arrested in Virginia and charged with conspiracy to commit economic espionage and making false statements. He is currently being held without bond and is scheduled for arraignment Tuesday.

His attorney, Jonathan Gitlen, claimed that Rogers "denies the allegations as set forth in the indictment" and will be making additional statements "at a later date," according to the AP.

In their respective statements, DOJ and FBI officials did not hold back their dismay at the accusations against Rogers, and emphasis has been added to each of their statements to draw attention to the severity of Rogers' alleged crimes.

"As alleged in the indictment, Rogers betrayed his country while employed at the Federal Reserve by providing restricted U.S. financial and economic information to Chinese government intelligence officers," said Kevin Vorndran, assistant director of the Counterintelligence Division at the FBI.

"The Chinese Communist Party has expanded its economic espionage campaign to target U.S. government financial policies and trade secrets in an effort to undermine the United States and become the sole superpower," added David Sundberg, assistant director in charge of the FBI Washington field office. "Today's indictment represents the FBI’s unwavering commitment to protect U.S. national security interests and U.S. jobs and bring to justice those who are willing to betray their country for personal gain."

"President Trump tasks us with protecting our fellow Americans from all enemies, foreign and domestic," said U.S. Attorney Edward Martin Jr. for the District of Columbia.

"Let this indictment serve as a warning to all who seek to betray or exploit the United States: Law enforcement will find you and hold you accountable."

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The White House Blames Rent Increases On AI, But The Real Problem Is Bidenflation

The White House’s new housing report completely ignores the underlying dynamics, choosing instead to scapegoat the market tools property owners use to set rents.