LONG read about the significance of the new Trump-appointed Chair of the Federal Reserve.
Long story short, the Fed, designed to insulate monetary policy from private influence and pressure, is now firmly subordinated to the interests of various Trump-aligned cliques of billionaires.
A short extract:
"[New Chair Kevin]Warsh is married to Jane Lauder, granddaughter of Estée Lauder and daughter of Ronald Lauder aka the billionaire World Jewish Congress president who has been Donald Trump’s friend since the 1960s, who planted the idea of buying Greenland in the president’s head, who now holds active investment stakes in Greenlandic water and hydropower, in Ukraine’s largest lithium deposit, and in commercial television across post-Soviet Europe and Israel. Warsh is also the mentee and longtime business partner of Stanley Druckenmiller, the hedge fund billionaire who personally manages roughly $148 million of Warsh’s personal wealth in a fund whose underlying holdings Warsh has refused to disclose, citing confidentiality agreements. Druckenmiller’s other protégé is Treasury Secretary Scott Bessent.
The Federal Reserve was designed to be the one part of the U.S. government that no president could pressure, no donor could buy, and no dynasty could inherit. As of today, all three are in question."
https://ddgeopolitics.substack.com/p/the-family-business
