They're Coming for the Fed

The Court said no. They went anyway.

August 12, 2026

Dear Reader,

The Supreme Court said no. That should have been the end of it.

It was not.

The White House just sent a new letter to Federal Reserve Governor Lisa Cook. Twenty-one days to respond to unproven mortgage fraud allegations. The same allegations the Court already said were handled improperly. They do not care about the Court. They care about controlling the institution that controls your money.

Inside today's issue:

THE SECOND ATTEMPT

On June 29, the Supreme Court ruled 5-4. Trump could not fire Lisa Cook from the Federal Reserve. The reason: she was not given due process. Cook had not been charged with any crime. Her lawyer called the mortgage fraud accusations baseless. Case closed.

Then August 5 arrived.

A White House aide sent Cook a letter. Same allegations. New 21-day deadline. The letter says the president is "considering removing" her from the Fed board. One Supreme Court ruling was not enough to stop them.

This is not about Cook. This is about WHO CONTROLS THE MONEY PRINTER.

For 113 years, the Federal Reserve has existed as a nominally independent body. Governors serve 14-year terms. Congress designed it that way deliberately. The idea: keep politicians away from the interest rate lever. When politicians control rates, they cut them before elections and inflate away their debts. Your savings pay for it.

I have been warning about this for 30 years. Not because of one president or one party. Because of a pattern I have watched repeat across every empire that ever inflated its way to ruin.

Consider the numbers they released last week:

  • July payrolls: -23,000 jobs. Economists expected +95,000.
  • Unemployment rate: "dropped" to 4.1%. But only because 264,000 people stopped looking for work.
  • Labor force participation: 61.4%. Lowest since early 2021.
  • Federal government has eliminated 327,000 jobs since January 2025.

CNN said the economy "unexpectedly lost 23,000 jobs." I say there is nothing unexpected about it. When you fire 327,000 federal workers while fighting a trade war with Iran over the Strait of Hormuz, the economy contracts. That is not a surprise. That is arithmetic.

And now, while all this unfolds, the White House is trying to remove the person at the institution whose job is to keep inflation in check.

Here is what the Federal Reserve looks like when a politician controls it: rates get cut to juice the stock market before the next news cycle. The dollar weakens. Everything you own that is denominated in dollars shrinks in real value.

I bought my first gold coin in 1972. I was 25 years old. Nixon had just closed the gold window. The dollar was being cut loose from its anchor. I did not know exactly when the inflation would hit. I knew it was coming.

The number I am watching right now is not the jobs report. It is not the CPI, released today, expected at 3.4%.

It is this: What happens to the dollar if the next Fed chair serves at the pleasure of the president?

But first. Our friend Jeff Brown from Brownstone Research has been tracking something big. Take a look:

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WHAT HAPPENS WHEN POLITICIANS CONTROL THE MONEY

The answer is simple. History has already run this experiment.

In 1923, the Weimar Republic's government took full control of the central bank. Within months, the mark was worthless. In 1971, Nixon ended gold convertibility and unleashed the decade of stagflation. In Argentina today, a country with a history of presidents who print to buy votes, inflation runs at 200% annually. The middle class is gone.

I am not predicting that happens here. I am saying: the moment political control over the money supply is established, the incentive to inflate never goes away. Politicians spend. Printing covers the gap. You pay with shrinking purchasing power.

THE PLAY IS SIMPLE.

When governments fight over who controls money, real assets win. Gold has already climbed this year. Silver is following. Bitcoin is the wild card, but it is correlated to liquidity, not politics. Physical gold and silver are the insurance policy. They do not care who runs the Fed.

My poor dad believed in the system. He trusted his pension, his government job, his dollar savings. He died broke. My rich dad asked one question: "What do I own that the government cannot print?" That question is more relevant today than at any point in my lifetime.

The Supreme Court said no to controlling the Fed. The White House sent another letter. This fight is not over.

Get positioned before it is.

To your freedom,

Robert Kiyosaki

Author, Rich Dad Poor Dad

P.S. Jeff Brown and Marc Chaikin predicted Nvidia 10 years ago. Now they say Elon Musk's new AI breakthrough collides with a market pattern that has a 100% track record. The last time it triggered, everyday investors had the chance to turn $10,000 into $350,000 in about 12 months. Watch the free presentation here.