Warren Davidson 🇺🇸
@WarrenDavidson
Once it's clear that the Federal Reserve is subject to executive authority, we can apply the executive order banning Central Bank Digital Currency. The Federal Reserve continues its development of CBDC as if that EO doesn't apply to them.
They also equivocate with the wholesale trick. A back-end wholesale CBDC is like Hydra - multiple heads connected to the same beast. No CBDC.
James Fishback
@j_fishback
BREAKING: The U.S. Supreme Court has accepted the filing of our 14-page amicus brief in support of President Trump in the case over his power to fire ex-Fed Governor Lisa Cook—a Biden appointee now under criminal investigation for mortgage fraud. The question before the Supreme e duly elected President of the United States lawfully remove a Federal Reserve Governor? The answer is "absolutely." Excerpts below and link to our amicus brief in the next tweet.
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BRIEF OF AMICI CURIAE AZORIA CAPITAL, INC. AND JAMES T. FISHBACK IN SUPPORT OF APPLICANTS
"On the evening of Monday, August 25, 2025, President Donald J. Trump exercised his lawful authority under Section 10 of the Federal Reserve Act to remove Governor Lisa Cook from her post—for cause—after documentary evidence surfaced showing that she had purportedly falsified mortgage documents to secure favorable loan terms."
"While much has been written about how no President has ever before removed a Federal Reserve Governor, that is not the true anomaly here. What is truly unprecedented is the fact that a sitting Governor of the Federal Reserve System—an institution entrusted with the stewardship of the American financial system—has been publicly referred for criminal prosecution for financial crimes."
"Allowing Dr. Cook to remain on the Board despite a credible criminal referral to the Department of Justice would tell markets and supervised institutions that the Board holds itself to a lower standard than the banks it regulates. That double standard would erode confidence in supervisory enforcement, encourage skepticism of stress-test results, and weaken the effectiveness of regulatory oversight. The President’s removal power exists precisely to prevent such an outcome. By removing Dr. Cook, he worked to preserve the institution’s credibility; by withholding action until such time that a criminal conviction is ascertained, the damage would already be done."
"Moreover, Dr. Cook is entitled to the presumption of innocence in any criminal trial. But that presumption protects her liberty, not her tenure in high office. No one has a constitutional right to remain a Governor of the Board, to draw a taxpayer salary, or to cast binding votes on the trajectory of interest rates while credibly accused of conduct that strikes at the core of the Board’s statutory mission."
2025-09-30T21:09:11.000Z
2025-10-01T05:19:41.000Z