The Wolf Den #377 - Biden Nominates Powell To Serve Second Term
thewolfden.substack.com
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.Jerome Powell sat on the Federal Reserve Board from 2012 - 2018, served as chairman from 2018 - present, and is now likely to serve a second term. President Biden announced his nominations for the FED to predictably mixed reactions. Democrats were split on the decision, with those on the further left wanting a more progressive leader to take the reins. Moderate Democrats and Republicans championed the decision. At the end of the day, whether Jerome Powell assumes a second term or someone else takes his spot, there are two things on everyone’s mind.Will inflation be curbed in any capacity?And...Will the money printer continue to run?These two things are effectively one and the same. The reality? No matter who takes control of the FED, nothing will change, whether it be Jerome Powell, Jimmy "Superfly" Snuka, my high school gym coach or a poorly trained bonobo. The FED is trapped. Print or die. So print they shall.Regarding the nomination, President Biden had the following to say:“We’re in a position to attack inflation from the position of strength, not weakness. In times like these, we need steady, tested, principled leadership at the Fed. We know that high inflation takes a toll on families, especially those less able to meet the higher costs of essentials like food, housing, and transportation. We will use our tools both to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched.”Ok buddy.It’s hard to imagine that a radical change will be made at the FED if Jerome Powell assumes a second term. Predicting whether or not a second term will fix things is beyond my scope of expertise (highly doubtful) but reacting to the second term as an investor is certainly in my wheelhouse. As long as Jerome Powell is behind the wheel (or that the FED even exists), I will continue to buy Bitcoin, aggressively invest in markets, and keep cash to a minimum. Inflation is clearly a problem, but we all know that active and wise investing can combat its rapid rise. This is our reality, one that we all must prepare for and adjust to.As long as inflation is an issue, buy hard assets and reap the benefits.In This Issue:Biden Nominates Powell To Serve Second TermBitcoin Thoughts And AnalysisAltcoin ChartsEthereum Exchange Reserves Hit Yearly LowsConstitutionDAO Takes A Tough LossCiti Hiring 100 Crypto StaffersThe Wolf Of All Streets Podcast Ft. Aya KantorovichMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #377 - Biden Nominates Powell To Serve Second Term
The Wolf Den #377 - Biden Nominates Powell To…
The Wolf Den #377 - Biden Nominates Powell To Serve Second Term
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.Jerome Powell sat on the Federal Reserve Board from 2012 - 2018, served as chairman from 2018 - present, and is now likely to serve a second term. President Biden announced his nominations for the FED to predictably mixed reactions. Democrats were split on the decision, with those on the further left wanting a more progressive leader to take the reins. Moderate Democrats and Republicans championed the decision. At the end of the day, whether Jerome Powell assumes a second term or someone else takes his spot, there are two things on everyone’s mind.Will inflation be curbed in any capacity?And...Will the money printer continue to run?These two things are effectively one and the same. The reality? No matter who takes control of the FED, nothing will change, whether it be Jerome Powell, Jimmy "Superfly" Snuka, my high school gym coach or a poorly trained bonobo. The FED is trapped. Print or die. So print they shall.Regarding the nomination, President Biden had the following to say:“We’re in a position to attack inflation from the position of strength, not weakness. In times like these, we need steady, tested, principled leadership at the Fed. We know that high inflation takes a toll on families, especially those less able to meet the higher costs of essentials like food, housing, and transportation. We will use our tools both to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched.”Ok buddy.It’s hard to imagine that a radical change will be made at the FED if Jerome Powell assumes a second term. Predicting whether or not a second term will fix things is beyond my scope of expertise (highly doubtful) but reacting to the second term as an investor is certainly in my wheelhouse. As long as Jerome Powell is behind the wheel (or that the FED even exists), I will continue to buy Bitcoin, aggressively invest in markets, and keep cash to a minimum. Inflation is clearly a problem, but we all know that active and wise investing can combat its rapid rise. This is our reality, one that we all must prepare for and adjust to.As long as inflation is an issue, buy hard assets and reap the benefits.In This Issue:Biden Nominates Powell To Serve Second TermBitcoin Thoughts And AnalysisAltcoin ChartsEthereum Exchange Reserves Hit Yearly LowsConstitutionDAO Takes A Tough LossCiti Hiring 100 Crypto StaffersThe Wolf Of All Streets Podcast Ft. Aya KantorovichMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO