Simply Bitcoin Trump vs. Powell: The Battle That Sends Bitcoin to $1M | Bitcoin Simply
Jul 25, 2025
Tensions rise as Trump confronts Jerome Powell about the Fed's massive losses and questionable spending. The struggle for the American Dream gets real, with Bitcoin emerging as a promising escape route from financial chaos. While examining the Fed’s fiscal mismanagement, they highlight the housing market's woes and the dollar's dwindling status. The conversation takes a humorous turn, addressing aging with laughs, before rallying for Bitcoin as a hedge against increasing national debt. Could this cryptocurrency be our ticket to a new economic era?
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Trump Calls Out Fed Spending
- Donald Trump confronted Fed Chairman Jerome Powell on a construction site about the $3.1 billion Fed renovations.
- Trump criticized spending amid the Fed's projected $100 billion annual loss.
Fed Loses Billions Annually
- The Federal Reserve incurs losses due to bond portfolio mismatches and pays banks billions not to lend.
- This subsidy mainly benefits large banks and foreign banks, contributing to system inefficiency and corruption.
Housing Market Crisis Unfolding
- Housing market struggles as home sales drop but prices reach record highs.
- Largest home builders show significant income losses amid falling sales, indicating economic strain.