The Wolf Of All Streets

Bitcoin Has Been Co-Opted – Jim Bianco Warns The Fed Is Losing Control

18 snips
Aug 3, 2025
In this discussion, Jim Bianco, President of Bianco Research and expert in macroeconomics, dives into how Bitcoin may now be part of the system rather than fighting it. He critiques Trump's influence on the Federal Reserve and examines the implications of stablecoins as Wall Street tools. Bianco raises alarms about the housing market crisis and calls out the risks of monetary policy. He questions Bitcoin’s original rebel ethos amid emerging speculation, warning that regulatory shifts could threaten the decentralized nature of cryptocurrencies.
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ANECDOTE

Trump's Fed Building Visit

  • Donald Trump's visit to the Fed building was a theatrical display rather than a serious attempt to remove Powell.
  • It seemed designed to intimidate Powell rather than actually fire him, highlighting political theater over policy.
INSIGHT

Limits of Rate Cuts

  • Cutting interest rates does not guarantee lower borrowing costs or stimulate the economy if market conditions reject the policy.
  • Sovereign yield depends on growth and inflation expectations, not credit rating or political pressure.
INSIGHT

Bond Market Stops Debt Train

  • The bond market ultimately controls government borrowing costs by forcing interest rates high enough to fund debt.
  • Excessive money printing risks suffocatingly high rates that could halt fiscal expansion and cause financial strain.
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