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this post was submitted on 16 Jul 2025
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chapotraphouse
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he's definitely been saying he will for a while now. the bots and bozos are hooting for it.
if it happens, it's definitely a transfer of power from the Church of Capitalism to it's militarized custodial State.
it's hard to imagine the institutional capitalists want this to happen, for the bank's powers to be pulled farther under the sway of direct electoralism in general, or into the sphere of the trump project in particular.
i would have thought this was all patter for effect, part of the constant ultimatum "art of the deal" to wring concessions and place bets on the volatility, but honestly I am starting to think it's less coherent than even that. like maybe it's just "I am God, do what I want" mercurial madness for its own sake.
Something I came to terms with the last few months is that I can analyze all I want, but really "no, they are actually this dumb" is at least 90% accurate and saves me the effort.
I don't think there's any broader calculus other than he likes debt financing. It's one of his pet things that likes to talk about. He wanted rate cuts much earlier in his first term but the fed rebuked him until 2019 started looking spicy. Then covid game and gave cover to lower rates. Trump didn't even get to enjoy the cuts for most of his term. He wants them much earlier this time and he's not going to wait.
I think that's it.
Why do you assume institutional capitalists don’t want this to happen when we’ve seen contemporary capitalists place short term gains in the form of mergers and general stock fuckery as their only priority?
If institutional capitalists did not want these things to happen, Trump wouldn’t be able to do what he does and pass the abomination that BBB is.
if institutional capital really wanted this to happen, there wouldn't be any discussion about it at all because the reserve would lower rates as soon as trump signaled a desire to lower them or Powell would have already resigned.
the federal reserve committee IS institutional capital. it was established to make decisions independent of any electoral sentiment at a time when socialism was gaining ground in the US, just years before Debs ran for high office.
Blow up the system, get a bail out
In what though? An increasingly worthless, hyper-inflating currency? Maybe this what the bitcoin strategic reserve is for lol
Inflation will only continue until the democrats get in and impose extreme austerity measures