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Trump is conducting a "criminal investigation" through the Department of Justice against Powell for overspending on office building renovations. Old Trump needs a big rate cut for the midterm elections, while Powell is worried about inflation rebounding and doesn't want to be the one nailed to the shameful pillar of history as the person who "personally destroyed the dollar's credibility."
Old Trump violently seizes control of the independent global central bank, causing the dollar index to plummet instantly. To win back the midterm elections, he is willing to destroy the core independence of the dollar himself. Who did Old Trump learn this dictatorial charm from? 🤣
The story has already begun; Powell's decision-making power has been greatly weakened. Whether he likes it or not, the Federal Reserve's "rate cut door" has been forcibly opened by Trump using judicial violence.
If things follow Old Trump's script, the independence of the Federal Reserve will collapse. The situation in 2026 will no longer be fluctuation but a rupture. This is highly significant for Bitcoin holders. Previously, rate cuts were good for Bitcoin because "money became cheap." In the future, rate cuts will be good for Bitcoin because "fiat currency is broken." 🤣