A Surprise!

On several occasions during Donald Trump's fight against the Deep State, I have indicated on Ricochet posts that my view is that America began the trip that has landed us where we are today in 1913 with the 16th and 17th Amendments to the Constitution and the creation of the Federal Reserve as a central bank.

That is just a layman's view because I have no scholarly credentials to support that view, only my life experience. The 16th Amendment I saw as an enabling income taxing mechanism for our Congress to engage in authorizing unlimited federal spending, borrowing, and currency inflation. I suspect the part to be played by the Federal Reserve was inhibited over the course of the 20th century by the McFadden Act, which restricted national banks from branching beyond the state in which they were chartered, restricting branching within that state to the same terms allowed for state-chartered banks. I did much payment-related bank and U.S. Treasury operations work from the 1950s to the 1990s. Sometime late in the century, the mentioned branching restrictions were lifted and banking quickly went international. America's Congress and the Federal Reserve went to work quickly to spend and borrow at levels never thought conceivable, much of this with political motives. Many people regard where we are today as the early stage of a process leading eventually to financial default.

When Trump ran for POTUS in 2016, many fiscal conservatives were concerned that he said little about reducing and controlling spending, and he didn't do much on that score in his first term. Now Trump is back for his second term with a much smarter, talented, and determined team.

This weekend THE SURPRISE is a public declaration that President Trump and Commerce Secretary Lutnick want to abolish the IRS and the Federal Reserve.

WOW!