The Federal Reserve Will Be Targeted for Elimination
Expect that the Federal Reserve will be the top target for Musk, DOGE, and Ron Paul — as well as Putin and Xi.
Anyone following Russian grievances against the West can tell you that the United States dollar is chief among them. Because the dollar functions as the world's reserve currency and the Federal Reserve system allows the country to issue debt backed by the strength of our economy, the Kremlin has come to believe that the dollar allows the United States to engage in imperialist adventurism around the world — in ways that ultimately disadvantage Russia and China.
We know they believe this because the Kremlin says so, again and again. Project Russia, which we have covered here previously, outlines a strategy to take down the West by attacking the dollar. Sergey Glazyev, architect of the BRICS currency project, wrote his own book in 2016 (The Last World War: The US to Move and Lose) focusing specifically on taking down the dollar. Steve Bannon has published booklets pushing the same message. This is not controversial: the Kremlin wants to end the dollar system.
No single event in recent history has better broadcast the Kremlin's intentions than the "Rage Against the War Machine" rally held at the Lincoln Memorial on February 19, 2023, and indeed, it is this network which has risen to power with the victory of Donald Trump and Elon Musk in November. The rally, which was at its core an anti-Ukraine event, featured Jill Stein, Tulsi Gabbard, Ron Paul, Dennis Kucinich, Jimmy Dore, Max Blumenthal and many other known Russia apologists. Folks carried signs and shirts reading End the Fed, End the CIA, God Bless Elon, — and lots and lots of Russian and Chinese flags.
A related event in September 2024 produced by the same team called "Rescue the Republic" featured Robert F. Kennedy Jr., Russell Brand, Tulsi Gabbard, Jordan Peterson and many from the Kremlin-left and MAGA right, now alloyed into a seamless front. It is these people who are now in control of the US government, and by any reasonable measure, this means that Kremlin interests (as modulated by China's influence over Putin) are now in control of the United States government — especially with the confirmation of Tulsi Gabbard as Director of National Intelligence, and the likely confirmation of Robert F. Kennedy, Jr. as Secretary of Health and Human Services.
Ron Paul Will End the Fed
Analysts who study these signals have a good idea of what's next, and it's very likely to take the form of an attack on the Federal Reserve. Elon Musk's DOGE effort (which has benefited from Donald Trump's full blessing and the popular support of Republicans) has hopped from one agency to the next looking for quick wins — either mass firings or line-item spending vetos, especially embarrassing items that can be used to score political points against "woke" Democrats.
But the mother of all victories for Musk and his Kremlin sponsors would be to dismantle the Federal Reserve system, which has long been the target of right-wing ire. (See: Paranoia on Parade) While Russia gripes that the dollar allows the US to unfairly maintain global hegemony, extreme right-wingers hate the Fed because they maintain it promotes inflation (it does, within limits; but that allows the economy to grow) and generally allows bankers to run people's lives — you know, using interest rates and various (usually antisemitic) tropes about bankers.
Ron Paul, who famously wrote the 2009 book called End the Fed is the poster child for the right-wing and libertarian crowd that wants to end the Federal Reserve system. He also is the architect, with Christian nationalist thinker Gary North, of the "North/Paul Strategy" — a plan to tank the dollar and replace it with hard currency (like gold, or today, crypto). (Listen: The North/Paul Strategy with James Scaminaci)
And of course, he was the closing speaker at the "Rage" rally in DC in February, 2023. Flanked by Russian and Chinese flags, he led chants of "End the fed," and "All wars are bankers' wars." The intent is pretty clear.
While DOGE has not yet trained its guns directly on the Fed yet, the situation is escalating. When asked in November if he would resign if asked to by President Trump, current chairman Jerome Powell said flatly, "No." This week, testifying before Congress, he was asked by Senator Cynthia Lummis (R-WY) whether the Fed was accountable to the President or to Congress, he said that he believed accountability for the Fed ran through Congress, as it was created by legislation in 1913. So the Fed is pretty squarely protected from direct Presidential interference.
Louis Anslow
Musk has suggested bringing Ron Paul into his DOGE team for months. Unlike his team of young 20-something hackers, the only conceivable reason to bring the 89 year old Paul into the team is to leverage his longstanding supporters and arguments against the Fed's constitutionality.
Paul has recently argued, "We should wean ourselves off the Fed, like we weaned ourselves off the mainstream media," with Musk endorsing. In November, Paul made the argument that it doesn't matter if Fed chair Powell resigns, because the Fed is unconstitutional.
He wrote, "Powell didn’t mention, however, that The Federal Reserve is unconstitutional to begin with. No power was ever granted to the federal government to create a monopoly bank that manipulates interest rates and counterfeits money ... The issue is that the Federal Reserve should not exist at all!"
So the intention is clear: Ron Paul and Elon Musk would like to End the Federal Reserve and the dollar. They will do it by sending in the DOGE team to find dirt to use in building public support; then they will declare the Fed unconstitutional and call for its "deletion," as they have done with other targeted agencies.
This, of course, will spark a global outcry and countless think-pieces. Bondholders will demand answers. Investors will throw up their hands in disbelief. Elon Musk will tell everybody to "relax" and that they are "just looking at options," while also teasing various cryptocurrencies (like DOGE, XRP, or RSV) as a replacement for the dollar. (Steve Davis, a powerful member of Musk's DOGE team, even wrote an anti-Fed doctoral dissertation.)
Whether this gambit will be successful is anyone's guess, but lawmakers and the public should be prepared for a full-on assault on the Federal Reserve backed by Musk, Paul, Putin, and Xi; it's coming.
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Dave Troy
