Powell's Fed: Did He Save Us, Or Just Print More Funny Money?
A cynical look at JPow's reign, where the only thing booming was the national debt and the stock portfolios of the elite.

Okay, zoomers, let's talk about JPow. This guy inherited a clown show and tried to juggle chainsaws. Did he succeed? Depends on your definition of 'succeed.' If success means keeping the whole damn thing from collapsing, then sure, give him a participation trophy. But if success means actually fixing the dumpster fire economy, then nah, he just threw gasoline on it while screaming about 'transitory inflation'.
Before we dunk on him too hard, remember what he walked into. The COVID panic. Lockdowns that made the Soviet Union look like a libertarian paradise. Supply chains snapped faster than AOC's brain cells during a basic math problem. So, what does JPow do? He hits the 'print money' button harder than a teenager playing Fortnite. Trillions of dollars flowed into the system. Did it save us? Maybe. Did it also inflate the hell out of everything, making avocado toast even more unaffordable for millennials? You betcha.
The Fed basically became a giant ATM for Wall Street. Interest rates went to zero. Banks could borrow money for free. Stock market went brrrrr! Except, who owns the stocks? Not your average Joe Sixpack struggling to pay his bills. It was the elites, the Davos crowd, the people who think climate change is the biggest threat and flying private jets is totally cool. So, JPow's 'solution' widened the gap between the haves and the have-nots wider than the Grand Canyon.
Then came the 'transitory inflation' saga. JPow and his crew of supposed experts kept telling us it was all temporary. Just a little blip. Don't worry your pretty little heads. Meanwhile, prices were skyrocketing. Gas, groceries, rent – everything was becoming unaffordable. Turns out, 'transitory' meant 'lasting longer than Biden's cognitive abilities.'
Eventually, they had to admit inflation was a real problem. So, what did they do? Raise interest rates. Which, surprise, slows down the economy. Great job, guys. You fixed the problem you created by making the other problem worse. Peak Clown World.
The whole thing is a rigged game. The Fed is supposed to be independent, but it's about as independent as Hunter Biden at a crack pipe convention. It's controlled by the same elites who benefit from this system. They print money, inflate asset prices, and then cry about inflation when the poors can't afford bread. It's a cycle of insanity.
So, what's the verdict on JPow? He's a symptom of a broken system. He played the game, and he played it well for the people who are already winning. But for the rest of us, he just made the struggle a little bit harder. Thanks, JPow. You're a real one. (Sarcasm intended).
Let's be real, the Fed is a private bank with the power to print money. And that's where the problems start. Fiat currency is a joke. Sound money is the answer. But that's a rant for another day.
Maybe bitcoin fixes this, maybe it doesn't. But one thing is clear, the current system is unsustainable. JPow's era just proved it, despite all the official pronouncements and attempts to manage the narrative. The chickens are coming home to roost.

