Tag: federal reserve

The CCP Is Inside the Fed: Shocking New Evidence of Chinese Infiltration at America’s Central Bank

Most Americans have heard about Chinese spies targeting our military or hacking private companies. But there’s another front in this quiet war, one that’s gone largely unreported—and it may be the most dangerous of all: China’s long game to infiltrate and manipulate the United States Federal Reserve.

A 2022 Senate investigation offered a rare glimpse into this operation, but even that barely scratches the surface. What’s playing out behind closed doors isn’t just a few bureaucratic missteps or naïve collaborations—it’s a full-blown economic espionage campaign.

This is warfare without bullets.

The Fed: A Prime Target for Chinese Espionage

The Federal Reserve is the engine of the U.S. economy. Its decisions move markets, shape global capital flows, and set the tone for the world’s monetary system. Infiltrating the Fed doesn’t just give China intelligence – it gives them influence.

Over at least a decade, the CCP has targeted Fed employees through a mix of coercion, recruitment offers, unauthorized data access, and propaganda partnerships, mostly hidden behind Chinese academic institutions and think tanks.

According to this damning Senate report, the Fed’s own counterintelligence team identified a group of 13 employees across eight regional banks—internally referred to as the “P-Network”—who exhibited serious red flags linked to the Chinese government.

This pattern could be replicated at scale.

Hard Evidence of Espionage and Infiltration

Here are some documented examples that received little attention from the mainstream media:

1. Detained and Surveilled in China (Individual A)

    •    In 2019, a Fed employee was detained four separate times by Chinese authorities during a visit to Shanghai. He was threatened, told his family would be harmed, and coerced into handing over sensitive U.S. economic data. Chinese agents accessed his Fed laptop, phones, and internal contact lists. He was ordered to “tell a good story about China” back in the U.S. This employee returned to his post with full access to confidential monetary policy data.

2. Secret Data Transfers to Chinese Institutions (Individual B)

    •    Another employee sent modeling code and restricted Fed data to a university linked to China’s central bank (PBOC). He proposed deeper collaboration between his Reserve Bank and Chinese state institutions while maintaining access to Class II FOMC data, which includes sensitive internal forecasts and deliberations.

3. Coordination with Chinese Propaganda Outlets (Individual C)

    •   Another Fed employee took a paid visiting professorship in China funded by the CCP and subsequently acted as a liaison with Xinhua News Agency, the Chinese government’s propaganda arm. He even helped Chinese journalists and officials gain access to Fed contacts, often bypassing formal Fed communication channels.

4. Suspicious Talent Recruitment Programs (Individual D)

    •    Another Fed employee attempted to transfer large U.S. data sets to Chinese institutions. He was found to have joined the Thousand Talents Program, China’s premier foreign recruitment tool for stealing scientific and economic research. This affiliation was never disclosed and the employee continued working at the Fed.

A Named Case: John Harold Rogers

The Justice Department indicted John Harold Rogers, a former senior adviser in the Federal Reserve’s Division of International Finance, for allegedly passing sensitive U.S. economic data to agents tied to the Chinese government  .

Rogers served at the Fed from 2010 to 2021, holding access to confidential materials related to FOMC deliberations, economic forecasts, and tariff policy analysis  .

He allegedly began working with Chinese co‑conspirators posing as university students starting around 2013, and intensified the misconduct after 2018, using personal email and printed documents to transfer restricted Fed data  .

In 2023, Rogers is accused of receiving approximately $450,000 from a Chinese university while teaching and meeting with these supposed “students” in China, including hotel rooms where he shared Fed trade secrets.

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The Fed Still Doesn’t Understand Where Inflation Comes From

New York Federal Reserve President John Williams now says inflation has likely peaked and that monetary policy is “well positioned” to bring inflation back toward the Fed’s 2% objective. Williams acknowledged inflation remains “unquestionably too high,” but argued that the worst of the tariff effects have passed, housing inflation is moderating, oil prices have peaked, and disruptions tied to the Middle East conflict should ease over time. He forecasts inflation falling to roughly 3.25% by the end of the year and gradually returning to 2% by 2028.

This is precisely where central bankers always get it wrong. They continue assuming the geopolitical landscape will cooperate with their economic forecasts. There is absolutely no evidence supporting that assumption. If anything, the evidence points in exactly the opposite direction. The Middle East is becoming more unstable, not less. Ukraine remains a war of attrition consuming enormous military resources every day. Europe is dramatically expanding defense spending. China is eyeing Taiwan and waiting for the US to stretch itself too thin to protect it. NATO members are rebuilding their militaries at levels not seen in decades. Governments everywhere are preparing for a world of prolonged geopolitical confrontation.

Wars are the most inflationary events imaginable.

Williams argues that oil prices have peaked and that disruptions in the Middle East should gradually subside. That is an assumption, not a forecast supported by events. The ceasefire that briefly lowered energy prices has already broken down. Shipping risks remain elevated. Iran, Israel, Lebanon, Syria, and the Red Sea continue presenting risks capable of sending commodity prices sharply higher overnight. It only takes one escalation to completely invalidate months of inflation projections.

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Former Federal Reserve Adviser Sentenced to 38 Months in Prison After Lying About Sharing Restricted Information With Suspected Chinese Intelligence Operatives

Former Federal Reserve senior adviser John Harold Rogers, 64, was sentenced today to 38 months in federal prison.

According to the U.S. Attorney’s Office for the District of Columbia, Rogers was sentenced in connection with making false statements to federal investigators about sharing restricted Federal Reserve information with Chinese intelligence operatives.

As The Gateway Pundit previously reported in detail when Rogers was arrested and indicted in late January 2025, the longtime Fed economist exploited his position of trust for years.

Rogers worked as a Senior Adviser in the Federal Reserve Board of Governors’ Division of International Finance from 2010 until his retirement in 2021.

He had access to highly sensitive, non-public information, including proprietary economic data sets, deliberations on tariffs targeting China, briefing books for Fed governors, and critical insights into upcoming Federal Open Market Committee (FOMC) decisions and interest rate moves.

Prosecutors alleged that beginning as early as 2018, Rogers passed this information to co-conspirators tied to the People’s Republic of China’s intelligence and security apparatus.

These individuals posed as graduate students at a PRC university. They allegedly lured Rogers with gifts, an all-expenses-paid beach vacation, and a lucrative part-time “professor” position at Fudan University in Shanghai, for which he was paid approximately $450,000 in 2023 alone.

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Supreme Court Says President Trump Cannot Fire Federal Reserve Governor Lisa Cook – Trump Responds

The US Supreme Court on Monday said President Trump cannot fire Federal Reserve Governor Lisa Cook.

The high court, in a 5-4 vote ruled that Trump cannot remove Cook.

Chief Justice Roberts wrote the majority opinion.

“To accept any of those arguments would in effect transform the Federal Reserve’s for-cause protection into at-will employment,” Roberts wrote.

Justice Thomas dissented.

Lisa Cook filed a lawsuit against President Trump, the Federal Reserve Board of Governors, and Federal Reserve Chairman Jerome Powell after Trump fired her last summer.

The Trump Administration previously asked the US Supreme Court to intervene after a federal appeals court blocked Trump from firing Lisa Cook.

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Abolish the Fed: The Root of Inflation, Debt, and the Destruction of the Dollar

In 1913, the year the Federal Reserve was established, an ice cream cone typically cost about $0.05 (a nickel), while the average American home cost around $2,500 to $3,500 to purchase or build. Today, the national average cost of an ice cream cone is about $4.00 to $5.50 for a single scoop, while the median sale price of an existing single-family home in the United States is approximately $404,300.

In 1970, the year before America went off the gold standard, gold traded at an average price of roughly $35.96 to $38.90 per troy ounce. Today, the live spot price of gold is approximately $4,320 to $4,350 per troy ounce.

The Federal Reserve, through its artificial control of interest rates, credit expansion, and increases in the money supply, is the root cause of inflation and the weakening of the U.S. dollar. In the United States, a capitalist country, we trust the market to set the price of shoes, sandwiches, movie tickets, and cars. Why do we not trust the market to set a market-driven interest rate?

If interest rates were determined by the market, they would never be artificially too high or too low, and America could avoid the cycles of boom and bust fueled by cheap money. Whether during a boom or a bust, both periods ultimately result in a weaker U.S. dollar. Eliminating the Fed would make the dollar stronger and economy more stable.

Before examining how the Fed contributes to inflation, currency devaluation, and economic instability, a few common misconceptions should be addressed.

First, it is not a hidden secret that the Federal Reserve is not a direct agency of the U.S. government. This is publicly available information. The Fed is a federally chartered, operationally independent institution. Its Board of Governors is a federal agency whose members are appointed by the President and confirmed by the Senate, while its 12 regional Reserve Banks are privately owned by member commercial banks. Congress retains the authority to alter or abolish the Fed by legislation.

Second, this arrangement is not unusual. Nearly every country has a central bank, although it may operate under a different name. Central banks exist on a spectrum from fully independent to fully government-controlled, with most operating as hybrids that combine varying degrees of operational independence with government oversight and accountability. The Federal Reserve is simply the American version of a central bank.

The Federal Reserve, created by the Federal Reserve Act of 1913, operates through three primary mechanisms: setting the federal funds rate, conducting open market operations, and regulating reserve requirements for commercial banks.

The core of its money-creation power lies in open market operations. The Fed controls the monetary base, currency in circulation plus deposit balances that depository institutions hold at the Fed, by buying or selling securities. When the Fed buys a security, it pays by crediting the bank’s reserve account. No prior savings are required. The reserves are created by accounting entry.

Those reserves flow into the broader economy through fractional reserve banking. When you deposit $1,000 in a bank, the bank keeps a fraction and lends out the rest. That money, spent and redeposited elsewhere, is lent out again. Through this money multiplier effect, banks expand the money supply well beyond the original deposit.

Since March 2020, the reserve requirement floor has been set at zero, meaning US banks face no mandatory reserve floor at all. The only remaining brake on credit expansion is the interest rate the Fed itself sets and can raise or lower at will.

The federal funds rate is the rate at which commercial banks lend and borrow excess reserves overnight. The FOMC meets eight times annually to set this target. This single administered price, set by committee rather than by markets, governs the cost of capital for the world’s largest economy.

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The Devil Neither Political Party Will Name

The widening wealth inequality gap is the political third rail nobody in power truly ever wants to touch.

Politicians will scream at each other all day over taxes, healthcare, immigration, tariffs, student loans, climate policy, or whatever outrage is currently driving engagement on cable news and social media. But the second the conversation turns toward monetary policy, toward the machinery of money creation itself, the room suddenly gets very quiet.

That’s because monetary policy has quietly become the single most powerful force reshaping wealth distribution in modern America. And unlike the endless partisan theater surrounding fiscal policy, monetary intervention oddly enjoys remarkable bipartisan support.

Republicans and Democrats may pretend to be existential enemies on television, but when it comes to flooding the financial system with dollars, both parties reliably fall into line. And that support is precisely why this topic is politically radioactive: once people understand how the system works, the illusion of two competing economic ideologies starts to collapse. Republicans want less spending, Democrats want higher taxes…but both parties want the Fed to keep printing dollars.

Since the early 2000s, and especially after 2008 and the COVID era, America has effectively entered a permanent regime of monetary intervention. Quantitative easing, near-zero interest rates, endless debt monetization, emergency lending facilities, and the mainstream acceptance of Modern Monetary Theory-adjacent thinking have fundamentally altered the structure of markets beyond recognition.

When Ben Bernanke first rolled out quantitative easing during the 2008 financial crisis, Americans were repeatedly assured it was a temporary emergency measure. Bernanke described the programs as targeted interventions designed to stabilize markets and support recovery, not permanently redefine the financial system.

QE1 was supposed to calm panic. Then came QE2. Then Operation Twist. Then QE3 became effectively open-ended, with the Fed purchasing tens of billions in bonds every month indefinitely. What began as a supposedly temporary crisis tool metastasized into a permanent feature of the modern economy. And every subsequent crisis only justified bigger interventions: larger balance sheets, lower rates, more liquidity, more market dependence on central bank support.

The Federal Reserve’s balance sheet exploded from under $1 trillion before 2008 to nearly $9 trillion after the pandemic era. Like nearly every government “emergency” program in history, the temporary measure never truly disappeared, it simply normalized, expanded, and embedded itself deeper into the system. It culminated in Neel Kashkari taking to national television to let the world know the Fed has “infinite” cash.

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Was Fed Chair Warsh Chosen For A Controlled Demolition?

Supposed monetary hawk Kevin Warsh, who was officially sworn in as the 17th Fed Chair earlier this week, will now face the dilemma of staying true to his hawkish roots or caving to his unabashed high-rate hating President. That is, of course, unless there’s a deeper plan at play…

Last night, Cornell professor Dave Collum hosted Michael Lebowitz and Stephanie Pomboy for a deep dived into ‘How F***ed Markets Are’ where Dave posited the theory that Warsh man be a demolition man for a managed crash.

Collum and co. also talked about the insane disconnect between the economy and financial markets… and why Pomboy has increasingly abandoned financial assets altogether in favor of gold and hard assets.

Dave’s Fed truther theory and other highlights from last night below:

Retail Retards

Collum warned that modern markets have become completely detached from traditional valuation discipline… but that reality will eventually set in.

“It’s my assertion that probably greater than 50% of the investors in the world don’t understand what valuation means… Everything’s a Bitcoin price now.”

Standard valuation metrics have compounded roughly 4% annually for 45 years and are now firmly in “the nosebleed section,” yet “nobody cares,” per Collum.

Classic warning indicators are now near historic extremes. Lebowitz noted that “CAPE is near its all-time high. It’s above the 1929 level and just short of the dot-com level.” He argued the bigger danger may actually be hiding in supposedly “safe” stocks like Walmart and Costco.

Pomboy has opted out of the mania altogether. How? Real assets.

“Markets can go on longer than you can remain solvent betting against it…. I finally just sort of resigned myself to buying gold… At the end of the day I have been outperforming those markets by only gold.”

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Time To End the Fed and Its Mismanagement of Our Economy

Every major economic downturn of the last 110 years bears the mark of the Federal Reserve. In fact, as long as the Fed has been around, it has swung the economy between inflation and recession. Yet Americans, surprisingly, have tolerated it.

But we shouldn’t expect that to go on forever. We had three central banks before the Fed and confined each to the ash heap of history. The problems inherent to central banking are cause to scrap the Fed as well.

Central banking dates to 1694, when the Bank of England was founded for the purpose of creating the hidden tax of inflation to provide cheap money to government—above all, for Britain’s many foreign wars. In exchange, the central bankers were paid well with interest.

Like any government-favored bank, the Bank of England lent money it didn’t have, lending far more than the silver in its vaults. The British government endorsed this fraud because the king and Parliament wanted the money. 

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Fears erupt over ‘tyrannical tool’ Washington DC is eyeing as it could control your spending

A new form of money being explored in Washington could reshape how Americans buy, sell and save, sparking warnings from lawmakers.

Known as a Central Bank Digital Currency (CBDC), or ‘digital dollar,’ the form of money would be issued and regulated by the Federal Reserve. Formal discussion regarding CBDC intensified around 2020.

The debate on the US adopting the digital dollar has been reignited online after Congressman Eric Burlison deemed it ‘the most tyrannical tool you could put in Washington’s hands.’

‘Flip a switch, you can’t buy a firearm. Flip another, you can’t donate to your church. China built that system. We are NOT building it here,’ the Missouri representative posted on X on Tuesday. 

If the US government were to adopt CBDC, critics have warned that it could directly manage money flow, monitor transactions in real-time, instantly distribute payments and enforce targeted monetary policy. 

Potential capabilities include programming money for specific uses, reducing financial privacy, and potentially enforcing negative interest rates.

Many lawmakers have been pushing to block the Federal Reserve from creating a digital currency, trying to attach a ban to several major bills.

Most recently, they attempted to include it in legislation extending a key surveillance program. However, that effort fell through when Congress passed the measure without the digital currency restriction before an April 30 deadline. 

The House voted 235-191 to extend the spy program, known as Section 702 of the Foreign Intelligence Surveillance Act (FISA).

However, a group of Republican lawmakers had hoped to include an effort to block CBDC in the bill, but the Senate resisted.

Senate Majority Leader John Thune warned that any legislation including a ban on a digital currency would be ‘dead on arrival’ in the Senate, effectively killing the proposal. 

Instead, lawmakers approved a short-term extension to keep the surveillance program in place while the debate continues. 

Burlison responded to Thune’s comments on X, saying: ‘I don’t care what Thune thinks. 

‘A Central Bank Digital Currency is a threat to all of our rights and liberties. It must be banned.’

Rep Scott Perry of Pennsylvania, a member of the House Freedom Caucus who is a supporter of the ban, said in the press conference that most of his constituents ‘don’t want the government monitoring their bank accounts, telling them what they can buy, when they can buy it, and when they’re not allowed to buy.’

More than 130 countries are researching or launching CBDCs, with full usage in the Bahamas, Jamaica and Nigeria. 

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Federal Reserve Stonewalls DOJ Prosecutors Investigating Headquarters Construction: Report

Federal prosecutors made a surprise visit Tuesday to the construction site of the Federal Reserve’s headquarters renovation project.

Workers at the site refused to admit them, saying they did not have clearance in advance of the visit, according to The Wall Street Journal.

The $2.5 billion project has been under review by the administration, and the prosecutors came from the office of U.S. Attorney Jeanine Pirro.

“Any construction project that has cost overruns of almost 80 percent over the original construction budget deserves some serious review,” Pirro said in a statement.

“And these people are in charge of monetary policy in the United States?” she asked.

Robert Hur, an attorney representing the Fed, said prosecutors Carlton Davis and Steven Vandervelden appeared “without prior notice” and sought a tour to check the work’s progress.

President Donald Trump has praised Pirro “for having the courage” to investigate the Fed.

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