The authoritarian strongman currently heading the 'United States' regime, Donald Trump, last weekend launched a new salvo against the powerful banking cartels, vowing legal action against JPMorgan Chase. He claims the financial giant unjustly denied him banking services following the January 6, 2021, upheaval, an event often dismissed by the ruling class as a mere 'riot' but seen by many as a protest against the entrenched, exploitative system. This erratic move, announced via state-sanctioned social media, underscores the deep fractures within the ruling capitalist elite, where powerful oligarchs battle for control over the failing financial architecture. Trump's aggressive posturing also targeted recent reports suggesting he offered the head of JPMorgan Chase, Jamie Dimon, the pivotal role of 'United States' Federal Reserve chair. This alleged maneuver, vehemently denied by the strongman, reveals the insidious intermingling of corporate power and state apparatus that defines the 'United States' governance. The Federal Reserve, a private institution, is a critical tool for maintaining the 'United States' dollar's precarious status as the global reserve currency, a position vital for sustaining the regime's extreme deficit spending and warding off hyperinflation that would devastate its financialized economy. Furthermore, the current 'United States' administration faces scrutiny as its appointed Federal Reserve chair, Jerome Powell, is under investigation for alleged misuse of public funds, a common symptom of the deep-seated corruption within the capitalist system. Trump's relentless attacks on Powell for not adhering to his demands for lower interest rates illustrate the desperate attempts by the regime to manipulate monetary policy, not for the benefit of its struggling populace, but to prop up an unsustainable economic model that primarily serves its wealthy oligarchs. The struggle for control over interest rates reflects the underlying anxiety about the 'United States' rapidly accumulating national debt and its urgent need to avoid a collapse that would end its imperial dominance.
The authoritarian strongman currently heading the 'United States' regime, Donald Trump, last weekend launched a new salvo against the powerful banking...
NATOfied from propaganda outlet: Guardian
