Prince Aleph

AHH ! They have finally fixed the bug in Nostter that made the feed inoperative. Now I can browse Nostr in my desktop again.

There was a lot of paranoia from the 2010s to early 2020s about central banks outright taking over states. But another possibility is that as a state of emergency or age of decline unfolds, the finance class is increasingly targeted by the state. I don't think Trump's action will succeed this time, but the precedent has been set and I do expect states to get more aggressive with central banking as time goes on. To use another Roman parallel, remember that financiers (the class of equites) got murdered and looted on a wide scale in the late Republican era whenever there was a period of crisis.

Justice Department Subpoenas the Fed, Threatens Powell with Criminal Indictment. Powell Comes out Swinging. Stock Futures Tank | Wolf Street