Federal Reserve System

Bitcoin briefly surpassed $86,000 on Monday, the highest price since January.

The cryptocurrency's rebound comes even after the Federal Reserve raised interest rates last week and the Clarity Act, aimed at regulating the industry, stalled in Congress.

America's stock exchanges closed higher, too, as AI-related stocks surged and oil prices fell.

The tech-heavy Nasdaq rose by 2%.

And for this to be happening at the same time, following obviously what happened in 2022 with the UK's kind of well-publicized issues, It's unnerving, and I think everyone is quite nervous.

And why, you know, we've seen the last two, last week Bank of Japan and Fed hiked, and the week before the ECB hiked.

The Bank of England didn't.

No. What's your snapshot for why they stood firm?

I mean, in as much as the way that the Bank of England carried out quantitative easing, which was what they did in the wake of the financial crisis to pump money into the markets and buy up government bonds, they did focus on, obviously, because we have quite a long maturity in comparison with most other countries around the world.

They tended to focus on the long end more than other countries.

They tended to go all in on government bonds in a way that the Fed and others didn't quite so monomaniacally.

And so by definition, the Bank of England's impact on the gilts market has been disproportionate compared with the ECB's impact on the various different bonds in Europe and analogous in America.

Last Tuesday, the Clarity Act died on the Senate floor.

Wednesday, the Fed raised rates for the first time in three years.

The dollar has gone nowhere all quarter.

And then there's this one.

So you think you're getting it on both sides, coming and

going.

I think people are bullish on Bitcoin because the Fed is still way behind.

The Fed has created 30% inflation in this decade already.

He's created a massive market incentive for EVs and he's pulled the rug out from American car companies who wanted to make EVs.

And speaking of pulling the rug out, so the Donald had his hand-picked guy put in as head of the US Federal Reserve because he seemed to think if he had his hand-picked guy as the head of the Federal Reserve, this guy would push down interest rates.

Well, actually, the real world has a vote in this and the Federal Reserve has put up interest rates in the US.

Well, he had to, didn't he? Because it was a unanimous decision of the board to spin that Trump has put on it.

And from the inside, anyway, it's not very apparent from the outside.

I do think the Federal Reserve is going to get abolished.

I think the IRS is going to end.

I mean, I think there's going to be a lot of monetary changes in addition to societal and economic changes.

Um, but it's a bit of everything.

Fed credibility, I think kinda is, is slightly more questioned now under Kevin Warsh.

Uh, he's tried to backtrack on that and, you know, but maybe it's just a back to the old normal.

Yeah.

Yeah.

Yeah.What I do think is QE started off as a very almost deliberately blunt tool and just like the spray, it's easy to do.

It's easy to spray, at least if you're the Fed, hundreds of billions of dollars at stuff, trillions of dollars when it came to 2022.

But I hope that some of those tools, as they realize these are not just something they have to use in acute crisis, something they're gonna have to use more often, they come up with more calibrated, more fine-tuned tools.

Now, they ate away at us.

So in 1913, we adopted a private central bank called the Federal Reserve.

So we have institutions right

now.

None of that has anything to do with CNN's White House correspondent reporting from the White House.

Banning them does not lower the cost of eggs, doesn't fix the tariff-driven inflation that the Fed's own economists have documented, which is now so bad that even Trump's own handpicked Fed chair, Kevin Warsh, just raised interest rates.

he was put in that position to lower them.

It does not change a single fact about why 72% of Americans think the economy is getting worse, not better.

So the Rothschilds were essentially very instrumental in the formation of a lot of things that were happening inside of the United States.

They were also very instrumental in the formation of the Federal Reserve.

and actually bailed out the United States when we ran out of gold.

And we know from that interview with Steve Bannon and Epstein, Epstein essentially said that he, you know, represents the Rothschild family.