“You don’t need a crystal ball to see what’s coming…you just need to ask who benefits if the train stays on the tracks.”
If you’ve ever watched a slow-motion train wreck and thought, “Yeah, but what if the conductor wants it to crash?”…congratulations. You understand modern central banking.
This week’s developments weren’t subtle. Powell might be out. Bitcoin is melting up.
Tariffs are quietly breaking more than they fix. And gold? It’s waiting for a green light from the Fed to remind the world what real money looks like.
Let’s break it down.
The markets are pretending everything is fine. They always do.
But the quiet talk getting louder in back rooms? Trump wants Powell gone. And if he wins in November, the ink on the termination letter is already drying.
Let’s not get this twisted: replacing the Fed chair doesn’t give the president unilateral control of monetary policy.
A new chair would still need a majority of governors to push through major policy shifts. But markets are missing the point.
The odds of deep rate cuts under a Trump-aligned Fed are materially higher than the market currently prices. Appoint someone like Scott Bessent…a known Trump loyalist…and you shift the dynamic. Fast.
Will the whole board follow? Not necessarily. But power has gravity. And some of those “independent” governors may discover a sudden fondness for rings worth kissing.
This isn’t about 25 basis points.
It’s about the difference between 3% and 0%.
Markets are assuming continuity. But what if what comes next isn’t continuity?
Bitcoin surged to an intraday high near $123,000.
The charts look strong. The narrative stronger. But this isn’t about chart patterns. It’s about signals…and right now, the signal is conflicting.
Some are pointing to the Genesis Act…a proposed piece of stablecoin legislation…as the cause. That’s noise. The act isn’t a central bank digital currency trojan horse.
It's garden-variety crypto regulation, wrapped in the same buzzwords that always accompany things nobody has read.
So what's driving the move?
The answer might lie in liquidity. It might lie in speculation. It might lie in something more fundamental: the market is front-running regime change at the Fed.
Earlier this year, the price action faked out. Gammon went long, got stopped, stepped aside.
Now? This breakout looks different. Previous resistance levels are acting as support.
The whales aren’t dumping. And corporate treasuries are quietly looking for exits from fiat.
In other words, Bitcoin isn’t moving despite monetary distortion. It’s moving because of it.
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