The upcoming Federal Reserve Chair… the most dangerous economic man in American history 🇺🇸:

The next Federal Reserve Chair might be the most influential – and perhaps the most dangerous – in the institution's 112-year history.

The Federal Reserve was established in 1913, but its real first test came with the Great Depression of 1929. At that time, it couldn't expand its balance sheet or save the financial system because the dollar was pegged to gold at $20 per ounce. The gold standard constrained monetary policy, resulting in a historic collapse.

The second test came during World War II. The U.S. government needed massive financing at low cost. The Fed intervened, controlled the yield curve, and printed大量 of money to fund the war. This was an exceptional case dictated by existential circumstances.

In the 1970s, after abandoning the gold standard, America faced high inflation. Here, Paul Volcker appeared, raising interest rates to 15–16%. He was able to do so because government debt was low. Today, this option is no longer possible.

Then we entered the era of “perpetual bailout.” Alan Greenspan established what later became known as the “Greenspan Put,” where markets became confident that the Fed would always intervene to rescue assets. Then came Ben Bernanke, who launched the largest monetary expansion in modern history, printing trillions of dollars within months to save banks and speculators. Losses were nationalized, and profits privatized.

Janet Yellen and then Jerome Powell followed. During the COVID pandemic alone, Powell expanded the Fed’s balance sheet by more than $5 trillion in less than 18 months.
The result: asset prices exploded, living costs rose, the middle class eroded, and thousands of small businesses disappeared.

Today, about 50% of U.S. economic growth comes from the spending of only 7 companies on AI data centers. These companies represent roughly 40% of the market value of U.S. stocks. They are growing rapidly but without a clear path to profitability over the next five years. Their collapse would mean the collapse of the economy along with it.

AI requires energy, electricity networks, infrastructure, and logistics worth tens of trillions of dollars. Financing this will only be possible through a model similar to World War II: full coordination between the Treasury and the Fed, yield curve control, and broad monetary financing.

Trump called this approach the “New Manhattan Project,” but this time for AI, and it will be financed through the printing press.

Today, the Fed owns about 10% of the U.S. government debt. In 10 to 15 years, it could own 30%. By comparison, the Bank of Japan owns about 50% of Japan’s debt, and its economy suffers from a prolonged recession.

We will see growth in numbers, increases in stocks and crypto, but purchasing power will erode. Weekly grocery bills could reach $1,000.

Today, one in ten Americans is a millionaire. Soon, nine out of ten could be nominal “millionaires.”

Zimbabwe also once had trillionaires.

Real value is not created by printing money but through production, innovation, and sustainability$GT #GMTokenLaunchAndPromotion