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Can Trump’s Fed Chair Choice Save the Dollar? | With Phillip Patrick

1/30/2026

 
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Trump Makes Iran An Offer It Cannot Accept

1/29/2026

 
President Trump has threatened to again attack Iran if it does not agree to three demands set by his Administration. The demands would guarantee Iran's inability to defend itself against a future attack and would lead Iran to the same fate as Syria. So unless Trump blinks, it's war.
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BUY GOLD...But Be Prepared For What the Government Might Do To It In A Dollar Crisis

1/28/2026

 
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By David Rehak

​​Gold is up at record highs and now silver is starting to make strides too. This is great. But just keep in mind that the government will try to control it as much as possible, especially in an economic “dollar crisis.”

Be prepared...

Storing gold with a bank that prohibits in-person inspection of your holdings is generally not recommended, as it defeats the primary purpose of holding physical gold: having secure, direct, and immediate control over your assets. While it might seem convenient, this arrangement introduces
significant risks, including counterparty risk, lack of transparency, and limited insurance.

Here is a breakdown of why this is risky and better alternatives.

Risks of Bank-Held Gold Without Inspection
  • Counterparty Risk: If the bank faces financial distress or goes under, your gold could be tied up in legal proceedings or treated as part of the bank's assets.
  • Lack of Proof of Ownership: Without physical inspection, you cannot verify the purity, weight, or authenticity of your gold (e.g., ensuring it hasn't been swapped for lower-value items).
  • No Insurance Protection: Banks generally do not insure the contents of safe deposit boxes. If the bank is robbed or the gold is lost, you may have no recourse.
  • "Unallocated" Risk: The bank might be selling you "unallocated" gold―a promise to give you gold later―rather than storing specific, serialized, "allocated" bars that belong solely to you.
  • Government/Bank Restrictions: In times of financial crisis, banks may block access to vaults, meaning you cannot access your safe-haven asset when you need it most.

Better Alternatives for Storing Gold
If you are looking to hold physical gold, consider these options:
  • Private Vaulting Services (Specialized Custodians): Third-party, non-bank vaults (like Brink's or specialized precious metals depositories) often provide better security, insurance, and transparency. Manyallow for audits and personal inspection.
  • Allocated Storage: Ensure any storage agreement specifies that the gold is allocated (segregated and registered in your name).
  • Home Safe: While it comes with theft risk, a high-quality, bolted-down safe allows for total control and immediate access.
  • Physically Backed ETFs: If you do not need the physical metal in hand, a gold-backed ETF provides exposure to the price of gold without the storage hassle.

CONCLUSION:
If you cannot inspect your gold, you are essentially trusting the bank's paperwork rather than owning the physical asset. For true wealth preservation, it is better to use a dedicated, reputable, and transparent
storage provider that allows you to verify your holdings.
____________________

Governments can and have historically over-regulated and heavily taxed gold during economic crises, and they possess the legal authority to do so again in extreme circumstances. While modern monetary systems are different from the 1930s, governments can still restrict private gold ownership through emergency legislation, impose high taxes, or implement strict reporting requirements to control the asset.

Here is a breakdown of how this can happen based on historical precedents and current legal structures:

Historical Examples of Gold Regulation
  • USA (1933): President Roosevelt signed Executive Order 6102, which prohibited the "hoarding" of gold coin, bullion, and certificates, forcing citizens to turn in their gold to the Federal Reserve for $20.67 per ounce. After collecting the gold, the government raised the price to $35 an ounce, effectively devaluing the currency held by citizens.
  • Great Britain (1966): To protect the pound, the government banned private citizens from owning more than four gold coins and blocked imports of gold.
  • Australia (1959): The Banking Act allowed the government to seize private gold to protect the currency.
  • India (20th Century): The government has frequently used high import duties and taxes (ranging from 7.5% to 12.5% or higher) to control gold imports and restrict private ownership, particularly during crises.
​
Modern Risk Factors (Over-Regulation)
While a total, forced surrender of gold (like in 1933) is considered less likely today because currencies are not backed by gold, other, more subtle forms of regulation are possible:
  • Stringent Reporting Requirements: Governments can require brokers and dealers to report all purchases, creating a "central gold register" that tracks owners.
  • Transaction Restrictions: Rules aimed at "fighting money laundering" can limit cash purchases of gold or ban anonymous transactions.
  • Import/Export Bans: In a severe crisis, a government could prohibit the movement of gold across borders to prevent capital flight.

Over-Taxation
  • During an economic crisis, governments may turn to increased taxation to generate revenue or to discourage people from holding gold instead of fiat currency.
  • Capital Gains Tax: Governments can significantly increase the tax on profits made from selling gold.
  • Excise Taxes: Special taxes can be imposed on the purchase of physical gold.

Why Governments Do This
Governments usually take these actions when their fiat currency is devaluing, and they need to regain control over the monetary system. By forcing citizens to trade gold for cash, the government increases its own reserves and reduces the "competition" from a safe-haven asset.

CONCLUSION:
In a severe crisis, the government can, and often does, change the rules to suit its needs, regardless of past promises. While outright seizure is rare in modern, developed economies, increased regulation, reporting, and taxation are likely methods of "over-regulating" gold which would almost certainly take effect in a major economic collapse.

Where Is The Next War? Iran? Venezuela?

1/28/2026

 
While President Trump turns up the military threats toward Iran, the CIA is reported to be in charge in Venezuela. An Administration promising no new wars and no regime change overseas appears hopelessly mired in war and regime change. Where will the next explosion be and what might be the consequences for Americans?
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Is Trump Really Going To Attack Iran For 'Shooting Protesters'?

1/27/2026

 
As Minneapolis continues to seeth after the Trump Administration's shooting of anti-ICE protesters, President Trump is reportedly considering a military strike on Iran over reports that anti-government protesters were killed in Iran earlier this month. Also, the numbers of dead in the Iranian insurrection attempt are being artificially inflated by...you'll never guess who.
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Is ICE Going Too Far?

1/26/2026

 
With another ICE killing over the weekend and another shooting of a protester today, some Republicans are getting worried that Trump's aggressive deportation campaign is going to hurt the party in the midterm elections later this year. Are the concerns justified?
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Trump’s Latest Regime Change Target

1/26/2026

 
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By Ron Paul
​
What does the Federal Reserve have in common with Venezuela and Greenland? It has been targeted by President Trump for regime change.

The Justice Department recently launched a criminal investigation into whether Federal Reserve Chairman Jerome Powell lied to Congress about the costs of renovating the Federal Reserve’s offices.

Many believe this investigation was launched in order to support President Trump’s effort to replace Powell, who he nominated to be Fed chairman in 2017, with a Fed chairman who will accommodate President Trump’s demands for lower interest rates.

Almost all observers believe that President Trump’s desire to stack the Federal Reserve board with loyalists who will tailor monetary policy to his liking motivated the investigation of Federal Reserve Board Member Lisa Cook. President Trump is using allegations that Cook lied on a mortgage application as a justification to fire her.

At a Supreme Court hearing on Lisa Cook’s case, the majority of justices — including some who have been supportive of President Trump’s attempt to exercise greater authority over federal agencies — seemed to oppose his firing of Cook. One reason for this would be viewing the Fed as different from federal agencies like the Federal Trade Commission because private banks play a role in the Fed’s governance. This indicates the Fed is a public-private hybrid.

The criminal investigation into Chairman Powell and the attempt to fire Lisa Cook have caused investors, stock traders, and others to fear Trump is endangering the economy by compromising the Fed’s independence. This supposed threat to Fed autonomy has also caused some Republicans who are usually defenders of President Trump to criticize him.

There is a long history of presidential attempts to influence monetary policy. President Richard Nixon, for example, pressured Fed Chairman Arthur Burns to lower rates. Nixon and Burns were even recorded joking about Fed independence.

Fed Chairman William Martin may not have liked Ike, but he caved to President Eisenhower’s demands that the Fed increase the money supply. President Bill Clinton persuaded Fed Chairman Alan Greenspan to support Clinton’s economic plans. The most extreme case of presidential pressure (at least until the Justice Department launched its criminal probe into Powell) was when President Lyndon Johnson shoved the Fed chairman against a wall because the Fed raised interest rates, causing trouble for Johnson’s Great Society at home and Vietnam War abroad. President Trump is thus not different from his predecessors; he is just more transparent.

Opponents of Federal Reserve “independence” have a point. Allowing a secretive central bank to control interest rates and the money supply is the reason the purchasing power of the dollar has vastly declined since 1971, when President Nixon severed the last link between the dollar and gold. Fed-produced fiat currency is also the cause of rising economic inequality and instability. The beneficiaries of this system are the politicians and the corporatist interests living off the welfare-warfare state. On the other hand, President Trump’s critics are correct that giving politicians power to set interest rates would be a recipe for disaster. Instead of arguing over who should control the money supply and set rates, President Trump and Congress should work to audit and end the Fed.

Does Congress Even Exist Anymore? Who's Fault Is This?

1/23/2026

 
We all grew up learning about the U.S. government's supposed uniqueness; its built-in "checks and balances." After all, the results of concentrated power without restraint are littered throughout all of human history. America was different...for awhile, at least. Congress was, in theory, the branch of government "closest to the people," representing each state's interests. Today? Congress comes around when it's time to vote, and then you don't see them again. They represent billionaires and crony corporations. They're off in other countries, propagandizing the overthrow of foreign governments. They often don't even bother reading the bills they vote on here at home. And worst of all, they allow the Executive Branch to get away with almost everything. No checks. No balances. What has happened to the republic?
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Top Trends For 2026, With Special Guest Gerald Celente

1/22/2026

 
Legendary trends forecaster Gerald Celente joins today's Liberty Report to offer his assessment of what 2026 brings. Wars? Depression? Prosperity? Crypto? Celente tells all - so get yourselves ready!
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Good News: Young Americans Detest BOTH Political Parties

1/20/2026

 
A new Gallup poll has shown a remarkable level of dislike among young Americans for both the Republican and Democratic parties. Their concerns are not currently being met by either party, signaling a big political shake-up in America's future. Also today...President Trump's Board of Peace is being assembled. What is it all about?
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