Rabbit Hole Recap RABBIT HOLE RECAP #366: CHAIRMAN ON THE BRINK OF GETTING FIRED
12 snips
Jul 17, 2025 The hosts delve into the potential firing of the Federal Reserve chair amid economic turmoil. They explore Bitcoin's rising prominence as a stable investment during this uncertain climate and discuss the implications of recent cybersecurity breaches in financial systems. Humorous anecdotes about summer activities are mixed with serious reflections on investment strategies and the importance of cold storage for cryptocurrency. Plus, they tackle regulatory challenges facing the crypto market and consider the evolving relationship between technology and community.
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Pressure to Replace Fed Chair
- The Trump administration is pressuring Fed Chair Jerome Powell to resign or be fired to align Fed policy with Treasury's aggressive economic policies.
- They aim to merge the Fed and Treasury to enable yield curve control and manage rising government debt more effectively.
Fed Independence and Inflation Reality
- The Federal Reserve's independence has always been somewhat illusory, with real conflicts emerging when executive and Fed interests clash.
- Inflation remains elevated in essential goods like healthcare and shelter despite headline CPI declines, underscoring ongoing economic pressures.
UK Gilt Yields Signal Regime Change
- UK 30-year gilt yields have surged to levels unseen since 2007, signaling possible regime change in preferred global store-of-value assets.
- This could accelerate a shift toward Bitcoin as a better alternative to sovereign bonds worldwide.
