The President of the United States just threatened to rip up global trade. Not over a war. Not over a treaty. Over 25 basis points.
Zero point two five percent. That is the number the most powerful man on Earth is willing to torch the world economy for.
Ten days before the Federal Reserve’s September 15-16 meeting, the market is pricing roughly a 60% chance of a rate hike — a hike, not a cut — and the White House is in a full-court press to strangle it before it happens. CNBC reports the entire Trump administration — the president, the vice president, the Treasury secretary and a senior economic counselor — has spent the week publicly begging Fed Chair Kevin Warsh not to raise rates.
And Friday, Trump escalated in a way he never has before: he threatened to halt trade with every country that runs a trade surplus with the United States, unless the Fed cuts. According to Fortune, the president declared that “stupidity causes inflation” and threatened retaliation against foreign countries.
Let the insanity land for a second. The President is using the world’s largest economy as a hostage — to stop a 0.25% number from moving — two months before the November midterms, with polls showing his party facing widespread voter dissatisfaction.
THE “CLOWNS” IN THE ROOM
This is not a one-man show. The whole cast is out:
- Vice President JD Vance: “We believe that the Fed should be lowering interest rates… it would be nice to have some help from the Federal Reserve.”
- Treasury Secretary Scott Bessent, in a CNBC interview, argued the Fed doesn’t typically raise rates during a supply shock until second- or third-order inflation effects appear — pleading, with extra steps.
- Senior economic adviser Peter Navarro, on Steve Bannon’s show, called the members of the rate-setting FOMC “clowns” — while insisting a hike would be “careless” and would “hit precisely the sectors America needs to prosper most.” He added that Warsh is trying to “do the right thing.”
Clowns. The people who set the price of your money are “clowns” to the White House — when they don’t do what the White House wants.
THE FED’S “INDEPENDENCE”
Warsh, for his part, insists the president has had no impact on his decisions. In July congressional testimony, he cited the Fed holding rates steady instead of cutting as evidence of its independence — while conceding politicians have every right to criticize.
The Wall Street Journal reported last month that Trump talked to Warsh repeatedly, a report publicly backed by several aides. Trump denied it, claiming he had only spoken “briefly.” One of them is lying about a phone call. The only question is which one.
And remember: this is the same Warsh who told Bitcoiners, in no uncertain terms, that there would be no bailouts for crypto — you’re on your own. The state’s safety net was never for you. It is for the banks, the bond market and the midterms. You are the one expected to eat the hike.
YOUR BITCOIN IS THE RANSOM
You don’t have to wonder what a hike looks like on your stack. You just lived through a dress rehearsal: last week’s jobs report came in at 162,000 — three times the estimate — and Bitcoin dropped below $80,000 in minutes. Roughly $200 million in leveraged longs got liquidated in a single hour. The Fed didn’t even have to do anything. The market just priced the possibility and the machines did the rest.
Now the hike itself is ~60% priced, ten days out, two months before the midterms. The same Wall Street that sold your coins into the print will cheer a hike as “credibility” — then buy back below $77,000 and call it a discount.
The 2019 precedent is sitting right there: Trump’s first-term team — Pence, Mnuchin, Kudlow — pressured the Fed in May 2019, and the Fed cut two months later. The pattern never changes: the state fights, the state wins, and the market pays the spread.
THE REAL DIVISION ISN’T TRUMP VS THE FED
Here’s the part nobody on cable will tell you: this is not a fight between your side and their side. It’s a fight between two halves of the same apparatus over who controls the thermostat — and you’re the one paying the heating bill either way.
Trump wants cuts so the economy looks good in November. The Fed wants hikes so it looks credible. Neither one is positioned for your wealth. Bitcoin doesn’t need either of them to win — but it needs you to stop renting your financial fate from people who call each other clowns.
You are not going to fix this by voting harder. You fix it by owning the money that no president can threaten and no central banker can hike.
Stop gambling your future on a 25-basis-point fight between two factions of the same state. Take control.
Get your first Bitcoin with a discount — use coupon code LOVEISBITCOIN at loveisbitcoin.com/bull.
How long are you going to keep letting politicians and central bankers fight over the price of your freedom?
TRUMP JUST THREATENED A TRADE WAR OVER A RATE HIKE — THE FED IS PRICED AT 60% AND YOUR BITCOIN IS THE HOSTAGE
