This strategy is a bit bizarre because Warsh is a free trade advocate. More 5D thinking? 
Please note Trump Considers Warsh Serving as Treasury Secretary.
President-elect Donald Trump has floated selecting financier Kevin Warsh as his Treasury secretary with the understanding that he could later be nominated to lead the Federal Reserve when Jerome Powell’s term as chair ends in 2026, according to people familiar with the matter.
Trump discussed the potential arrangement with Warsh during a meeting Wednesday at Mar-a-Lago, the president-elect’s private club in Florida, some of the people said.
Warsh is a front-runner to lead the Treasury Department, but as of Thursday evening, Trump hadn’t decided whom he would choose for the pivotal cabinet position. The people familiar with the matter said Trump was still weighing how he would approach the Fed vacancy and likely wouldn’t make a final decision until closer to when Powell’s term as chair ends in May 2026.
Trump’s aides often caution that he is prone to changing his mind. He could decide not to pick Warsh or Bessent for these roles and instead select one of the other top contenders to lead Treasury, such as Apollo Global Management Chief Executive Marc Rowan. Trump has been deliberating behind closed doors for days over his choice for Treasury secretary.
During the Wednesday meeting, Trump asked Warsh about his past stance on tariffs, according to one of the people familiar with the matter. Warsh has been a critic of protectionist trade policies. He suggested in a 2018 opinion piece in The Wall Street Journal that Trump’s tariff plans could lead to what he called “economic isolationism” for the U.S.
“Mr. Trump’s mercantilist rhetoric may prove more than a negotiating tactic, auguring new tariff and trade restrictions the world over,” Warsh wrote. “Economic isolationism would do great harm to our economic growth prospects.”
Trump in August asserted that as president he should have more say over how the Fed sets interest rates. If carried out, that would buck a longstanding custom under which the central bank enjoys political autonomy to fight inflation with often unpopular rate increases.
Trump flirted with removing Jerome Powell in a dispute over interest rates back in 2018. But in a June interview with Bloomberg News, he said: “I would let him serve it out [his term], especially if I thought he was doing the right thing.”
Trump lost his bluff over Matt Gaetz, so what is this all about?
Meanwhile, in the real world, Continued Unemployment Claims Are the Highest Since November 13, 2021
Also note, China’s Puts Export Curbs on Minerals US Needs for Weapons and Technology
One of my readers proposed “Dig, Baby, Dig”.
However, if Trump provokes China enough and it does pull the plug on rare earths, there is no time for digging.
We should have been doing that years ago. Biden blocked the latest efforts.
Returning to the Fed …
Trump Will Have a Second Chance to put a Gold Advocate on the Fed, Go For It!
Judy Shelton in back in play for a Fed nominee. Please do it President Trump.
Sorry but I think the Fed leaders do the opposite of fighting inflation. They cause inflation with money printing and their inflation fighting is a charade to give the false impression theyre trying to help, when they and the Republicans and Democrats are the ones that did the damage, for no good reason, to begin with by selling out our countries stability and prosperity to whoever gives them campaign money. Also, the Fed leaders are appointed by congress and the president. People should understand that when they vote for Republican or Democrat politicians, including Trump, theyre voting for inflation caused by money printing.
I like it! Let’s get these confirmations rolling, so we can MAGA.
Bob Casey conceded to McCormick.
We won’t forget the Democrats trying to steal that seat.
Dimocrats are natural born thieves.
Fair Trade and America first are not incompatible with Free trade.
Tariff is just a way to even the field when it comes to dealing with Countries who subsidize their protected Businesses.
T’is a Big difference between Anarchism Trade and Free Trade.
Gonna be fun to watch Rinos and Globalists squirm about nominees after they just got handed Pam Bondi over Matt Gatez.
Nice going opposition people, you pissed into the wind and it got all over your shoes.
That’s Gaetz.
Guess was laughing so hard I misspelled his name.
“Fair Trade and America first are not incompatible with Free trade.”
Yes it is. Free Trade refers to ALL Americans being INDIVIDUALLY free to choose whom to trade with. The two other illogical mumbo-jumboisms SPECIFICALLY refers to SOME, arbitrarily privileged Americans, denying other Americans that particular God given right of theirs.
T’is a Big difference between Anarchism Trade and Free Trade.
No it is not. Just as there is no difference between Freedom and Anarchy.
Here’s Rothbard, somewhat flippant: https://www.youtube.com/watch?v=aBD_1tFZpHM
“If Men were all angels there would be no need for Laws.”
Freedom to pursue a Life dream is one thing, comes from respecting the Golden rule.
Walking all over those who are weaker then oneself is where Anarchy always leads. In fact organized crime counts upon it, lack of Law and Order.
If you look at where Mexico is today, regions where Anarchy is common. War Lords and Drug Lords cut off peoples heads and leave them on their car hoods as a warning to those who may oppose.
That is a Form of Capitalism that should not be tolerated.
If the people have no part of the pie then when things get Ugly as they are going in modern times, then when called upon to serve, the answer is a Middle finger. Anarchism Trade is what Globalist have imposed and that is not Free Trade in a Fair manner.
I enjoy Rothbard however what he says in your clip is intellectual Mastu_bation.
“Walking all over those who are weaker then oneself is where Anarchy always leads.”
But noone really are, to any great extent. People are 90% the same. There are no meaningful number of people massively weaker than others.
“If you look at where Mexico is today, regions where Anarchy is common. War Lords and Drug Lords cut off peoples heads and leave them on their car hoods as a warning to those who may oppose.”
If regions of Mexico were anarchic/anarcho-capitalistic, drugs would be legal. Hence, there would be no drug lords. Nor gun restrictions. Hence, there would be no drug lords with asymmetric means to cut off people’s head in any systematic manner, without themselves being chopped up as well. Free societies are inevitably armed societies. And armed societies inevitably polite ones.
For a much more realistic display of anarchy, look at bears in the wild. Some are a bit stronger than the rest, and become “warlords” for a spell. But never over more than small groups. And never for long. And only for as long as letting them have that position serves the group at large, since otherwise other bears quickly muscle in on their territory.
Only the sort of huge disparities in armaments, and the heavy handed indoctrination, which are the hallmarks of totalitarian states, allows for power concentrations great enough to where some can unopposed cut off people’s heads en masse; and rob them of half their incomes, and force them to freeze in the streets by banning them from building housing, and force them to grossly overpay for underperforming goods just to enrich friends and associates of the reigning tyrant; without themselves having their head cut off as well.
How Chicagoans pronounce “wash.”
Trump’s first term can be boiled down to ONE name: John Bolton. Trump would have had to have been a dolt to not know that Bolton’s Picture appears in the Encyclopedia when looking for the definition of NEOCON.
This is a continuing pattern of PROMISE, then NOT DO.
China Joe blocked the latest efforts to produce rare earths domestically? How odd. Lock them all up. The attempt to roll offshore to near shore and domestically has been going on for a while but the Imperial sbires and cronies have worked very hard to keep China’s naval fleet expanding. Warsh was a common sense guy when he as at the Fed. Like Keynes said, when things change, I change. Maybe so.
Trump is guarded by four strong women : Lara Trump, Susie Wiles, Pam Bondi and Tulsi Gabbard. They will isolate him from the hostile press and the disturbed dems. The Trump’s administration will focus mainly on cutting debt and transferring power to the private market. He will transfer power from DC to Florida. DC will be a shadow of itself.
Sales of existing homes and condos in DC area will plunge.
You left out Alina Habba
Trump is making history by appointing some of the popular faces in every industry.
The most important personnel are in : Ilan who will trim gov size, JD Powell who will
cut rates in a conservative way, Pam Bondi as AG and JD Vance the apprentice. Meanwhile NVDA and BTCUSD are foraging.
I just pray he doesn’t pick neocon spook Mike Rogers to head the FBI. That’s the rumor. Might as well pick Pompeo.
Just read on Citizen Free Press that Trump never considered naming Rogers to that post.
“IfBitcoin never existed, gold would be rallying even more right now,” [Warsh] said. “ But I guess if you’re under 40, Bitcoin is your new gold.”
Yes, for those under 40, and even for many of us over 40, Bitcoin is the hardest money in the universe, on the most secure network in the universe. It will be good to have a Tresury Secretary who gets it.
Mish, I hope we can revisit the question you asked at the beginning of the year about the Bitcoin ETF approvals. Who was right and who was wrong?
Everything is contingent on something else.
Yes, and GOVERNMENTS on the whole are as UNDIVIDED AS EVER because ALL of the talk is bullshit on both sides. WE ARE FIGHTING over the bullshit and they DRINK THE GOOD BOOZE and SMOKE IMPORTED CUBANS, all on US!
Apparently we are being taxed (or indebted) $15 million to provide a chauffure and security for Dr. Fauci.
I think the modern art work featuring a banana duct-taped to a wall that was purchased by a Bitcoin investor for an obscene Dollar-equivalent sum says a lot about modern art and Bitcoin.
Maybe he realizes every country slaps a tariff called a VAT on US imports. Each exporter to the US receives a full refund of the VAT.
Result: a machine tool sells in the US for &30,000 and a 20% VAT puts the sale price in Europe at $36,000. Same result as a 20% tariff.
In the UK, when importing from the US they often just change the $ sign for a £ sign and bag the difference; then slap in 20% VAT!
On top of that the consumers are fleeced again with income tax, “national insurance” tax, “TV tax”, and council tax; then there’s the lowered tax free threshold, and the unraised inheritance tax and capital gains tax thresholds. HMRC is as bad as the IRS.
The British are amongst the most abused populations in the world, when it comes to taxation. The only compensation is the global network of tax havens, but that’s not realistically accessible to the proles.
There is a tax haven right off of the UK’s SHORES: Jersey.
Very true. That is how European exports are free of European taxes while our exports to Europe are not.