The narrative is: Trump is pushing against Fed Chairman Jerome Powell which is weakening the US dollar. But for what purpose? Why does Trump want Powell replaced? Let’s be clear: Trump doesn’t care about the stock markets, the trade deficit, a strong dollar, or the nearly $37T national debt. These are vehicles Trump first appeases, and then uses to impose his will– nothing more. If you asked Trump to explain his tariffs and what impact they have on the US dollar, etc, he would just mumble more garbage, because he doesn’t really understand or even care.
The all-mighty bond market only gets Trump’s attention when it is under duress and JPMorgan Chase CEO Jamie Dimon speaks out. Apple complains about China tariffs hurting iPhone sales and the tariff gets withdrawn, etc, but that’s as much as Trump will acquiesce. He still holds a gun to all their heads and no one knows what he will do next. How is this to be explained?
Historically, Donald Trump only invests in his own ventures (real estate, casinos, airlines, reality TV, etc), and currently the Trump family is all-in on crypto. This is revealed in two separate, but related macroeconomic processes: the rise in the price of gold & a surge in bitcoin.
Gold is anti-crypto. Gold has had material use value for eons and thus will continue to retain its value. Gold can be used for dental fillings, jewelry, conductors & semi-conductors, etc. Gold doesn’t tarnish or rust, and it highly malleable, having many industrial uses. Gold is where wealthy crypto skeptics are putting their money now, which accounts for its increase, as the stock & bond markets continue to be under pressure from the tariff policies of Trump-Musk crypto-fascism.
Trump calling for the removal of Fed Chairman Jerome Powell is nothing less than a power struggle to control the global money supply. In simplistic terms, Powell & the Federal Reserve Bank represent the CIA Democrats & Warren Buffet, ie- traditional capitalist finance. Trump-Musk crypto fascism is something new, a bankrupt attempt to redefine what money is. It’s a struggle to the death between these two camps of elite capital, and it’s still undecided.
If the Fed decides to raise interest rates another point or two, then bitcoin death spirals to zero– meaning the end of crypto. Bitcoin-to-zero is the dagger that kills Trump-Musk crypto fascism. This is at the heart of the current Trump-Fed conflict.
Trump tariffs are provoking the most serious conflicts among elites, most of which are kept behind closed doors. Media leaks are become prevalent on White House crypto policy as the crypto-fascist character of the Trump-Musk administration becomes more & more clear to everyone.
Crypto-fascism is a secret & murky form of political-economy where foreign/domestic policies & intentions are kept hidden from the public and are increasingly paid for through illicit crypto back-channels. Trump-Musk connections with El Salvador’s president are among the most striking examples, yet to be fully uncovered. Crypto is now seeing massive inflows of billionaire capital to prop up the flagging industry, which entirely accounts for the rise in bitcoin.
Crypto elevates fascism to an extreme level of unaccountability, which is the political danger. Traditional financial paper-trails are eliminated by virtual wallets & private blockchains. It is extremely difficult for investigators, who aren’t familiar with computer coding, etc, to follow the money in crypto– and that’s by design.
Trump-Musk crypto-fascism is what follows the Biden-Harris plutocracy. It is the next logical step in the illogical process of late-stage capitalist degeneration. Today we exist in a fake economy that produces little innovation & value in every sphere: education, healthcare, art, film, music, sports, manufacturing, technology, etc. What is valuable, such as AI technology, is monopolized by big capital and used against the workers. The economic wasteland, created by decades of bipartisan class war, has opened up the terrain for Trump-Musk crypto-fascism.
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