THE ART OF DISTRACTION

“The essence of lying is in deception, not in words." - John Ruskin.

Before The Fall

Trump wants total control - and that includes the power of the purse. My odds for him shutting down the US Govt this Fall (~Sept 30th) are rising... but NO ONE is talking about it, yet.

Dr Alexander Kenton is not only our most valued biopharma contributor on our LaDucTrading trading desk, but he actually likes to track how the sausage is made in DC!

Obama, Powell, Iran, Epstein... it's all to cover up what Alex has already unearthed:

"shutdown risks, and Epstein… it’s all coming together. This is the path by which the Trump team assures it retains its dominance over the government. Combine that with redistricting to protect him against the backlash of the big beautiful bill, and you see the plan coming together."

Translation: the real agenda - redistricting, recission, reconciliation - gets overlooked/obscured by all the distraction measures Trump lays out!

Like the fact the HOUSE doesn't return until Sept 2nd, and how Epstein could trigger a government shutdown. And you thought you only had to worry about Q3 earnings season into year-end.

Being macro risk aware is my job, and thanks to Alex, he keeps me apprised of key legislation & hidden agendas that the media ignores.

Risk of Government Shutdown?

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Powell Is But Cover For #EndTheFed

When will Trump make his real move - not to remove Powell per se, as that is but the taunted appetizer - but to demote the Fed entirely? As I started this post, “Trump wants total control”, so this ultimate end-game of making the Fed impotent seems reasonable in keeping with his pre&post-election bashing, Heritage Foundation playbook not to mention the US transition from Monetary to Fiscal Dominance.

It also seems like key insiders (Bernanke & Yellen) are getting nervous with Bessent out bashing the institution of late. Representative Massie already put out a bill in March for Congress to dissolve the Fed. Much of the rest of the world — the BRICS in general & China in particular — are making the Fed irrelevant as they de-dollarize.

So... with this Trump-Bessent renewed #EndTheFed wave, what happens to USD if Congress shows them the door along with the collateral that backs it: US Treasuries?

For now,

Trump’s threats to fire the Fed chair and raise tariffs will decimate the dollar - Ken Rogoff, former Chief Economist of IMF

China's yuan has kept pace with falling USD (both -11% this year) ... as pegged devaluation, de-dollarization & debasement of dollar occur in sync as a feature not bug of the Trump agenda in 2025. End-The-Fed will just do it faster.

Dollar, Yields, Oil, and Gold Macro Trends

I will be presenting at MoneyShow’s Global Investing Opportunities (and Risks) Virtual Expo, scheduled for July 24th at 11:15 - 11:45 AM ET.