The post Arthur Hayes says no one can save America from a recession now thanks to Trump appeared on BitcoinEthereumNews.com.

Arthur Hayes has dropped part three of his essay series, and it’s exactly what you’d expect—raw, technical, and unapologetically direct. Titled “KISS of Death,” the essay tears into President Donald Trump’s financial strategy, the Federal Reserve’s shenanigans, national debt manipulation, and what it all means for crypto investors. The core theme? Debt, liquidity, and control. The essay rips through the dynamics between Scott Bessent at the Treasury, Jerome Powell at the Fed, and Trump’s economic playbook. Trump’s debt game and Powell’s role Arthur kept it real: He reminded readers that Trump is a real estate guy. He builds empires with cheap debt and bold claims. That’s exactly how he’s running America—no interest in actually cutting spending, no love for belt-tightening. Instead, Trump is doubling down on debt-fueled expansion. “Trump isn’t here to be Herbert Hoover. He’s here to be FDR,” Arthur says. FDR printed money and spent his way out of economic collapse. Trump, Arthur argues, will do the same. If Trump had any intention of letting the market purge bad credit, he would let a 1930s-level depression wipe everything clean. He won’t. Printing money keeps the game going, said Arthur. The key question is who controls that money flow? Enter Scott Bessent (Treasury Secretary) and Jerome Powell (Federal Reserve Chair). “Bessent was appointed by Trump 2.0, and judging by his past and present interviews, he very much shares the same world view as the Emperor. Powell was appointed by Trump 1.0, but he is a turncoat traitor. He defected over to the side of the Obamas and Clintons,” said Arthur. Arthur added that: “Powell destroyed the little bit of credibility he had left by enacting a jumbo rate cut of 0.5% in September of 2024. The US economy, which was growing above trend and still contained the embers of…

---

Filed under: News - @ March 4, 2025 10:27 pm