Latest / Simply Bitcoin / Jerome Powell Arrested?! Why Trump’s War on the Fed Is Bullish for Bitcoin | Simply Originals

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Jerome Powell Arrested?! Why Trump’s War on the Fed Is Bullish for Bitcoin | Simply Originals · Simply Bitcoin

• 0:00
  Ladies and gentlemen, for the first time in 113 years as
• 0:03
  sitting Fed chairman is under criminal investigation after
• 0:07
  defying the president of the United States.
• 0:09
  Let that sink in. Federal prosecutors have opened
• 0:12
  a criminal inquiry into Jerome Powell.
• 0:15
  Not after a market crash, not after a banking failure, not
• 0:19
  even after fraud exposed by independent journalists.
• 0:22
  No, this happened after Powell refused to cut interest rates
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  fast enough. You were watching in real time
• 0:29
  the most important power our struggle in American monetary
• 0:31
  history. And just about nobody
• 0:33
  understands what this really means.
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  The president of the United States is openly threatening to
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  sue, fire and now potentially jail the chairman of the Federal
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  Reserve. In Powell's response, he says
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  the threat of criminal charges is the price of not obeying the
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  president. Let me say that again.
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  A sitting Fed chair just accused the DOJ of using criminal
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  prosecution to force monetary policy compliance.
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  That sentence a little should terrify dollar Maxis everywhere.
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  For over a century, Fed chairs could defy presidents without
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  fear of arrest. That ended January 9th, 2026.
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  Here's the timeline. December 18th, the Fed holds
• 1:12
  rates. They defy Trump 21 days later,
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  2121 days. I don't know.
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  There's got to be some symbolism there.
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  But federal prosecutors serve subpoenas.
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  And just four months from now, Powell's term as Fed chair
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  expires. The renovation probe, that's the
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  pretext. The rate cuts, that's the
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  objective. The threat of prosecution,
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  that's the weapon of Powell caves.
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  Rates drop to whatever the White House demands in every future
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  Fed chair learns the rules. If Powell resists, he's
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  prosecuted, removed and replaced.
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  Either way, Federal Reserve independence is over.
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  And here's the part that should piss off everybody.
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  We are paying billions of dollars for an independent
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  central bank to build itself a $3 billion apocalypse proof
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  palace while telling you inflation is under control.
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  Does that sound like confidence or preparation for doomsday?
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  Because when central bank independence dies, something's
• 2:10
  going to replace it. And this time it's not gold,
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  it's not bonds, it's not legacy bank money.
• 2:16
  Bitcoin is severely underpriced for what is happening right now.
• 2:20
  The monetary system is entering the 4th turning, and when Fiat
• 2:25
  power fractures, Bitcoin doesn't ask permission.
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  Now watch closely because Jay Powell just responded and what
• 2:32
  he says next, we'll tell you whether this system bends or
• 2:37
  finally breaks. Oh yeah.
• 2:44
  Good evening. On Friday, the Department of
• 2:48
  Justice served the Federal Reserve with grand jury
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  subpoenas threatening a criminal indictment related to my
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  testimony before the Senate Banking Committee last June.
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  That testimony concerned, in part, a multi year project to
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  renovate historic Federal Reserve office buildings.
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  I have deep respect for the rule of law and for accountability in
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  our democracy. No one, certainly not the chair
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  of the Federal Reserve, is above the law.
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  But this unprecedented action should be seen in the broader
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  context of the administration's threats and ongoing pressure.
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  This new threat is not about my testimony last June or about the
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  renovation of the Federal Reserve buildings.
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  It is not about Congress's oversight role. the Fed, through
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  testimony and other public disclosures, made every effort
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  to keep Congress informed about the renovation project.
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  Those are pretexts. The threat of criminal charges
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  is a consequence of the Federal Reserve setting interest rates
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  based on our best assessment of what will serve the public,
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  rather than following the preferences of the president.
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  This is about whether the Fed will be able to continue to set
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  interest rates based on evidence and economic conditions, or
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  whether instead monetary policy will be directed by political
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  pressure or intimidation. I have served at the Federal
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  Reserve under 4 administrations, Republicans and Democrats alike.
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  In every case, I have carried out my duties without political
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  fear or favor, focused solely on our mandate of price stability
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  and maximum employment. Public service sometimes
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  requires standing firm in the face of threats.
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  I will continue to do the job the Senate confirmed me to do
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  with integrity and a commitment to serving the American people.
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  Thank you. All right, before we go any
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  further, let's be honest. This Palace situation didn't
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  just fall out of the sky. Do you guys remember this
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  President Trump saying Jerome Powell has real mental problems
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  and that he'd love to fire him? Rates are down despite the Fed.
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  I mean, he's got you got to work in this guy.
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  He's got some real mental problems and now he's something
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  wrong with him. It's just sweet.
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  I I'd be honest. I'd love to fire his ass.
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  He should be fine. Guy's grossly incompetent, and
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  he should be sued for spending $4 billion to build a little
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  building. I'm building a ballroom that's
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  going to cost a tiny fraction of that, and it's bigger than the
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  whole thing put together. You got to work at him, Scott.
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  The only thing Scott's blowing it on is the Fed.
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  Because the Fed? The rates are too high, Scott.
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  And if you don't get it fixed fast, I'm going to fire your
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  ass, OK? I can't tell you.
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  Scott. Sir, don't fire him.
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  It's got. Sir.
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  Please don't fire him. He's got three months to go.
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  Don't fire him. I want to get him out.
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  Scott, please. He's a voice of reason.
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  You're very lucky you have him. I'll tell you that.
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  And then this one, Mr. Trent, you mentioned.
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  How much? Of a rate.
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  Cut it would do to the. Interest on the debt.
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  Earlier today, Director Pulte was on CNBC talking about how he
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  suggested Powell should resign. Any comments on?
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  Whether or not. Powell should step.
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  Down. I know you've been.
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  Pretty critical of a comment. I'd love him to resign if he
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  wanted to. He's done a lousy job.
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  Look, if you were there, you'd say, well, you know, the United
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  States is doing well. They have no inflation.
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  And if they do get inflation in a year or two, we'll put we'll
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  start raising the race. We'll get rid of the inflation.
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  You don't do other things. Biden had the worst inflation in
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  the history of our country, 19%. But I think it was much higher
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  than that. Frankly.
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  They say 19%. They say, I think it's a lot
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  higher than that and we have almost no inflation now.
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  We've done a great job in a short period of time.
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  Energy prices are way down. Gasoline now is down to close to
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  $2.00 in a lot of places. A couple of places I see it even
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  broke. It's like 198 a gallon.
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  And we've done a great job on inflation and honestly pretty
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  much everything else. I think that I think it's very
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  sad the way people act. You know, you have a guy in
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  there that with the stroke of a pen, could lower interest rates
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  and save us hundreds of billions of dollars a year.
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  But he's a stupid person, you know?
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  I'd love him to resign. He's a stupid person.
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  So no, this isn't new hostility. This is a feud that's been
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  brewing for years. Here's the clean breakdown.
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  Federal prosecutors have opened a criminal investigation into
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  Jerome Powell over testimony he gave to Congress about
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  renovations at the feds headquarters.
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  The project began in 2020, two runs through 2027 and is now
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  hundreds of millions over budget.
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  The question prosecutors are asking is simple.
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  Did Powell mislead Congress about the cost and scope of all
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  these renovations? Controversy centers on early
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  proposals that mention things like private elevators,
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  executive dining areas, marble work and rooftop access.
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  Powell denies those features exist today and says plans
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  changed over time. The Federal Reserve backed in
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  publicly with photos, documentation and a detailed
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  FAQ. Powell's position is that this
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  investigation isn't really about renovations, He says it's about
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  rates, specifically his refusal to cut them fast enough despite
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  repeated pressure from the White House.
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  And that's where all this moves from bureaucracy to something
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  much bigger. At this point, there's only like
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  2 outcomes. If Powell gives in, policy bends
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  to political pressure. If he doesn't, he's removed and
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  replaced. Either way, the message is
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  clear. Future Fed chairs now
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  understand. Exactly, Exactly where the lines
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  are. For over a century, presidents
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  complained about the Fed. They didn't prosecute it.
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  That line just got crossed. And when Monetary Authority
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  shifts like this, the effects don't show up immediately.
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  They show up in confidence. Capital flows and what people
• 9:08
  choose to store their wealth in. Which brings us to the part of
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  this story that hasn't hit the headlines yet.
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  Because while Washington is fighting over the control of
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  rates, something else is quietly becoming more relevant by the
• 9:20
  day. And that's where all this gets
• 9:22
  very, very bullish for Bitcoin. Oh, wait a minute, $1,000,000.
• 9:27
  That may be a little bearish according to Van Eck, but let me
• 9:30
  reveal what I think it all means and what's probably playing out
• 9:34
  right now. It goes a little something like
• 9:36
  this. Marco has my favorite Secretary
• 9:39
  of State and archivist doing. Donald, did you see the news?
• 9:42
  Marco, I'm so excited for you. Donald, I haven't slept in seven
• 9:46
  days. I have to run Venezuela.
• 9:48
  Donald, I cannot be fed. Chair you can Michaelit Marco OK
• 9:52
  OK but now let's get back to $1,000,000 Bitcoin being bearish
• 9:56
  because this all sounds like the ghost of Andrew Jackson is
• 9:59
  roaming the halls at the White House just waiting for someone
• 10:02
  to duel him and that means hyper bitcoinization could be at hand
• 10:07
  and that's according to van Eck an hyper bitcoinization scenario
• 10:10
  where Bitcoin captures 20% of international trade and 10% of
• 10:14
  domestic GDP. The implied value per coin could
• 10:18
  reach 53.4 million. Put that new pipe and smoke it.
• 10:22
  Owen Van Heck isn't alone. We got big news from Fidelity as
• 10:26
  well. But first, the Fed isn't the
• 10:28
  only one Trump is attacking. He's also going after usury,
• 10:32
  capping credit card interest at 10%.
• 10:39
  That they are in violation of the law.
• 10:43
  Very severe things. No, I want a cap on credit card
• 10:47
  interest rates because you know, some of them are 28, almost 30%
• 10:52
  and that people don't know they're paying 30%.
• 10:56
  The people out there, you know, they're working and they have no
• 10:58
  idea that they're paying 30%. No way.
• 11:02
  We're putting a one year cap for 10% and that's it.
• 11:05
  They know it. They've really, they've really
• 11:07
  amused the public. The credit card companies have
• 11:10
  totally abusing. I'm not going to let it happen.
• 11:12
  OK, so Vanek just laid out the hyper bitcoinization bull case,
• 11:17
  but did Fidelity just call for a super cycle?
• 11:20
  And what the hell did Michael Saylor just do?
• 11:23
  Something massive is heading our way.
• 11:25
  We're about to bring it home. But before we do, look at our
• 11:28
  likes 3 or 4 times. Maybe I'll pump those numbers
• 11:31
  up. Those are rookie numbers in this
• 11:32
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  That's learn dot leaden dot IO slash Simply Fidelity making the
• 12:46
  case for a super cycle while Jerome Powell and the Fed are
• 12:49
  getting eviscerated. It's so beautiful.
• 12:52
  Respect to Chairman Powell. First of all, the Fed is
• 12:56
  politicized. The Chairman Powell is the worst
• 12:59
  Fed chair since Arthur Burns and he is the poster child for
• 13:03
  politicizing the Fed. The only reason why he's still
• 13:06
  there is because he papered over the fiscal irresponsibility of
• 13:10
  Joe Biden and got America into an inflation crisis that
• 13:14
  President Trump is in the process of curing.
• 13:16
  So spare me on that, but if you actually look at what what he's
• 13:21
  he's being and investigated for, I mean, look, they got it looks
• 13:25
  like there's like luxury elevators and dining rooms.
• 13:28
  He claims that the thing was never renovated before when in
• 13:32
  fact it was. And I it's just let's see what
• 13:35
  the investigation says. And the funny part like just
• 13:39
  Powell gets up there and says it's politicized and it's the
• 13:41
  tariffs that's the problem. Why the costs went, I think.
• 13:44
  Come on, Jay. Come on, Jay.
• 13:45
  Just just do your job. You, you, since you got there,
• 13:50
  you've made three major blunders that have cost this economy a
• 13:54
  trillion dollars easily. So let's see what happens with
• 13:57
  this investigation. The only question is Maria.
• 14:01
  But we know he made false statements.
• 14:03
  The only question is whether he was aware and did it with
• 14:08
  malice. And think about that.
• 14:09
  If if he was ignorant about it, that tells you how ignorant he
• 14:14
  is when he runs Fed policy. Go big orange.
• 14:16
  That's right, Giga Chad just aped in and scooped up a humble
• 14:20
  13,627 BTC or approximately 1.25 billion at 91,519 per Bitcoin.
• 14:28
  And as of January 11th, 2026, Micro strategy now huddles
• 14:32
  687,410 Bitcoin acquired for approximately 51.8 billion.
• 14:39
  Mother of God, do you know what this means?
• 14:42
  That's right. It's corn time.
• 14:44
  Cut out the cancer and replace it with nothing.
• 14:48
  All skepticism of the Fed and now I'm going to quote you.
• 14:51
  This isn't in basic economics, but a recent column.
• 14:54
  Quote, for most of the history of this country, there was no
• 14:56
  Federal Reserve System. There you go, that dirty trick
• 14:59
  of bringing in history. Oh yes.
• 15:01
  There was no Federal Reserve System, which was established in
• 15:04
  1914 to prevent bank failures, but bank failures in the 1930s
• 15:08
  exceeded anything ever seen before the Fed was established.
• 15:12
  close quote. If you could, if we could make
• 15:15
  you dictator, would you abolish the Fed?
• 15:17
  Yes, you would. Yes, I mean, for for the reasons
• 15:21
  I just gave the history, there's no, you know, the Fed
• 15:24
  represented wonderful hopes, but but we've had so many programs
• 15:28
  that represented wonderful hosts that ended in disaster.
• 15:31
  I own doubt that someone who is sufficiently scholarly could
• 15:34
  come up with examples of where the Federal Reserve made things
• 15:37
  better. But the question is overall,
• 15:40
  what was it supposed to do? Was supposed to do not only
• 15:42
  prevent bank failures, it was supposed to prevent huge changes
• 15:46
  in the money supply, in particular great deflations.
• 15:51
  The greatest deflation in American history occurred under
• 15:54
  the Federal Reserve System. You know, there was a crisis in
• 15:57
  19 O 7 JP Morgan, the original JP Morgan called the other
• 16:02
  bankers into the room, supposedly locked the doors and
• 16:05
  said we've got to do something. We're going to all collapse.
• 16:08
  And they did something and they didn't all collapse.
• 16:10
  But but the but the progressives were were shocked that one man
• 16:14
  could come in and take command of the situation and especially
• 16:17
  someone who wasn't even in the government right.
• 16:20
  So, but So what? Would you do you'd move us back
• 16:23
  to the gold standard or you'd let banks issue their own
• 16:26
  currencies the way they did up through the Civil War?
• 16:29
  Say you, you could. I could.
• 16:31
  I could. Well, they weren't doing.
• 16:32
  Any of those things as the time the Federal Reserve was was
• 16:35
  created, we were on the gold standard though.
• 16:38
  But whether we're on or off the gold standard, there's that's
• 16:42
  another whole set of arguments. There's no evidence that I can
• 16:45
  see that over this vast period of time that the Federal Reserve
• 16:48
  has existed, that things on the whole have been better.
• 16:51
  The great post World War 2 inflation was fed by the by the
• 16:56
  Federal Reserve doing exactly what they're planning to do now,
• 16:59
  namely buying up the bonds issued by the Treasury.
• 17:04
  But don't you have, I have to say I wasn't expecting your
• 17:07
  answer to run in this direction. So I don't have questions,
• 17:09
  follow up questions prepared you may actually have.
• 17:11
  I may actually have to think here in real time, but don't we
• 17:14
  have the example of that period from 83 through a couple years
• 17:19
  ago, that 25 years of economic expansion?
• 17:21
  We had only two downturns. They were both very shallow and
• 17:25
  very brief. And what you had was Paul
• 17:27
  Volcker, whom Carter appointed. But Reagan gave the freedom
• 17:30
  actually to ring inflation out of the currency.
• 17:33
  He did that by the mid 80's. The economy takes off Alan
• 17:36
  Greenspan does a reasonably good job.
• 17:38
  And then at the end, there's too much money in the but maybe five
• 17:42
  years of getting it wrong. So what Volker did?
• 17:45
  Was undo the harm that previous federal reserves had done,
• 17:48
  including Arthur Burns. Yeah, unfortunately who was my
• 17:52
  teacher and my much admired right.
• 17:56
  Right. So, but what would you replace
• 17:58
  it with? How would the currency?
• 17:59
  Who? Who would, how would the
• 18:00
  currency run? We, we.
• 18:02
  We. We.
• 18:02
  Would replace it. We got to replace it with what?
• 18:04
  What existed when it was created?
• 18:06
  Which was the gold? Gold standard?
• 18:08
  Well, it may. Be the gold standard, but maybe
• 18:10
  not. But I but there's no evidence
• 18:11
  that these what would you replace it?
• 18:13
  Things always bother me, you know, I mean, when someone
• 18:15
  removes the cancer, what do you replace it with?
• 18:19
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  You guys think of all this let us know below and don't forget
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  to like subscribe and give us a pen by sharing the sound money
• 19:01
  gospel and get ready for a wild week baby because the 4th
• 19:04
  turning it ain't letting up anytime soon.
• 19:07
  I love you guys, catch you next time first if you prefer to go
• 19:11
  down with. The ship.
• 19:12
  You.