It Started: Trump Just ‘Broke’ The Federal Reserve – Gold, Silver, Bitcoin Collapses
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Trump confirmed Jerome Powell will soon be replaced as head of the Federal Reserve. Appointed Kevin Warsh, not who markets expected. Immediately after, stocks sold off. Gold and silver saw their biggest drop ever. Easy money era disappearing; new leadership changed rules overnight.
Discusses what happened, why sell-off, investor protection, using info to make money. Chaos creates opportunities if you know where to look. Thanks viewers for likes/subscribes; shows picture of Eternal. Sponsor: Rocket Money.
Kevin Warsh (not Cramer) new Fed head. Fed governor 2006-2011 during Great Financial Crisis; Fed created bailouts, backstops. In 2008, worried stimulus too much, wanted higher rates longer, warned of runaway inflation (but inflation low next decade). 2011: Opposed $600 billion QE for housing; called benefits small/fleeting, risks large. Resigned when couldn't stop it. Reputation: prefers falling prices/slower growth over currency devaluation. 2022: Fed waited too long to raise rates, lost credibility overstimulating post-COVID. QE inflates asset bubbles, worsens inequality. Wants smaller balance sheet, stability focus. Philosophy: higher rates, slower growth, stronger dollar—opposite of 2026 market expectations, causing sell-off.
Markets unsure post-election. Trump promised lower rates, criticized Powell. Investors expected endless money printing. Warsh expected to crash economy to save dollar, print less, shrink balance sheet, avoid Ray Dalio's New World Order.
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