Most of the experts who have worked within the Fed or studied it closely have never contemplated what could happen if an institution with so much unchecked power came under the control of one man.
I literally talked about this 4 months ago.
Basically, if trump gets a hold of the central bank, it’s over. The only way stopping arbitrary trumpian outcomes then is to completely de-dollarize the world (!!!). Imagine what that means.
to be honest, i have been a fan of a (slow) de-dollarization for many years now. it’s just rapidly becoming way more urgent all of a sudden. we’re not even remotely there yet. there is still way too much dependency on the dollar for so many things. we need to change that. but changing that would require change in so many things, including a broad overhaul of worldwide neoliberal agenda.
i fucking warned about this
I literally talked about this 4 months ago.
Basically, if trump gets a hold of the central bank, it’s over. The only way stopping arbitrary trumpian outcomes then is to completely de-dollarize the world (!!!). Imagine what that means.
to be honest, i have been a fan of a (slow) de-dollarization for many years now. it’s just rapidly becoming way more urgent all of a sudden. we’re not even remotely there yet. there is still way too much dependency on the dollar for so many things. we need to change that. but changing that would require change in so many things, including a broad overhaul of worldwide neoliberal agenda.
neoliberalism is already on the decline worldwide, but there’s still a long way to go.
Hopefully it doesn’t get replaced by something worse.
Pretty sure it will just be blatant oligarchy with a side of dystopian neo feudalism brought to you by the Tech Bro… errr I mean Tech Lords!