Trump’s war on the Fed isn’t about inflation or interest rates—it’s about power, class control, and who gets to steer the empire through crisis. The financial priesthood is losing its grip, and the technofascists are kicking down the temple doors.
I. The Fed Ain’t Sacred Anymore
They used to say the Fed was off-limits. Untouchable. The temple of capital. But now Trump’s trying to sack it, torch it, and replace the high priest with someone who’ll print money for missiles and handouts to billionaires.
Jerome Powell, the soft-spoken face of financial orthodoxy, is in the crosshairs. But this ain’t just about him—it’s about the internal fracture lines of U.S. capitalism, where even the ruling class can’t agree on how to manage the slow-motion collapse.
II. The Fed and the Global Dollar Machine
The Federal Reserve isn’t just a domestic institution—it’s the central command of the dollar empire. It props up Wall Street, lubricates global trade, and keeps the debt-fueled machine humming. Powell’s job? Keep inflation low, markets happy, and capital flowing.
But now, that machine is sputtering. Inflation won’t go down, rates are sky high, and the dollar’s grip on the world is loosening. BRICS+ is bypassing it, Global South countries are trading in local currencies, and the empire’s credit card is maxed out.
III. Trump’s Economic Program Is Technofascist Chaos
Trump doesn’t care about economic coherence. He wants loyalty. He wants someone who’ll juice the economy when he says, cut rates on command, and funnel trillions to the military, the fossil fuel sector, and his MAGA donor base.
This is technofascism in motion: slash services, inflate defense budgets, terrorize migrants, and subsidize monopoly capital. It’s not “populist.” It’s class war—with a smiley face and a missile shield.
IV. What Monthly Review Saw Coming
The folks at Monthly Review—Baran, Sweezy, Foster—they saw this decades ago. In a world run by monopoly capital, investment stagnates, finance explodes, and real production slows to a crawl. That’s how we get chronic stagflation: no growth, high prices, and endless speculation.
Powell’s answer? Rate hikes and recession threats. Trump’s answer? Flood the economy with contracts and chaos. Neither can fix the real problem: an imperial economy that can’t reproduce itself without cannibalizing the people.
V. The Fed vs. the Fascists
This fight isn’t left vs. right—it’s ruling class vs. ruling class. Finance capital wants discipline. Trump’s faction wants domination. The old technocrats want to steer the crisis slowly. The new ones want to smash the wheel and ride the wreckage.
Powell is just the latest target. But the bigger target is the old model: rule by quiet calculation. That model’s breaking. The crisis is too deep, the contradictions too sharp.
VI. The Empire Can’t Be Managed
This isn’t just a policy dispute—it’s a breakdown in how the empire functions. The Fed can’t do what it used to. The state is broke. The economy is rigged. The people are angry. And the bosses are fighting each other over how to keep the whole scam running.
Trump’s trying to rip the wires out and rewire the machine for his gang. Powell’s trying to keep the lights on. Neither of them is on our side. But their fight shows us one thing:
The temple’s cracking. The air’s thick with smoke. And the empire’s economy can’t be saved—it can only be overthrown.
Weaponized Information 
Leave a comment