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2026-01-12 17:10:05 UTC

Prince Aleph on Nostr: There was a lot of paranoia from the 2010s to early 2020s about central banks ...

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.

https://wolfstreet.com/2026/01/12/justice-department-subpoenas-the-fed-threatens-powell-with-criminal-indictment-powell-comes-out-swinging-stock-futures-tank/