OMG: Trump JUST Told Congress; I'm Firing Powell by FRIDAY

We're now getting reports that Donald

Trump late yesterday asked Congress if

he should fire Jerome Powell. These

reports now echo what we saw late

yesterday with these comments here that

Congresswoman

Anna Pina says that Fed Chair Jerome

Powell's firing is imminent who then you

know quote tweets this news on herself

and says confirmed.

So Anna Paulina is posting that Donald

Trump is going to fire Powell by Friday.

This is coming at the same time as we're

now getting reported that Donald Trump

indicated he'll fire Powell. He asked

the GOP uh uh members uh on Tuesday

about firing Powell.

Also apparently asked if he should fire

Powell and that if he would, he would do

so by Friday. Now, this is really

interesting because it comes at a time

where both the PPI numbers and CPI

numbers came in soft. We'll talk about

those in just a moment. But understand,

Donald Trump has told us, I'm not going

to fire Powell. You know, we're going to

let him serve out his term. We'll pick

somebody else. You know, we don't know

if it'll be Kevin. We don't know if

it'll be Kevin Hasset. We don't know if

it'll be uh, you know, Bessant. Donald

Trump says he likes the job that Besson

is doing. Uh, and what we're finding is

markets over this last week and a half

are starting to not believe Donald Trump

that he's saying, "Oh, we're not going

to fire Powell." Uh, and I think that's

why anytime this news drops, you get the

algos that immediately pump gold up.

Because one of the things that's likely

to happen is if Donald Trump does fire

Powell, it's possible you're going to

get a really big surge in gold. you'll

get a drop in the dollar. Just on some

of these comments just minutes ago, we

saw UPUP, which is the bullish dollar

ETF, drop right away on these comments.

And you could potentially see some

nervousness in stocks as that Federal

Reserve independence is removed. Now,

some of the reason you might get some

nervousness with the Federal Reserve is

because there's also talk that maybe one

of the people that would be picked as

the Fed replacement would not actually

be as keen on printing in the event that

we went into a recession. So, this is

why some people say, uh, Powell, we kind

of know the playbook. If the economy

goes into recession or nears recession,

you cut rates going into it and then you

turn the money printer on. It's pretty

dang predictable. The problem is if you

get someone new who maybe doesn't have

that kind of uh a history or willingness

to cut, you know, you don't really know

what you're going to get. And some

people say that uncertainty is why maybe

gold up and stocks down. Now, we got to

talk about CPI and PPI because this week

could potentially align with the perfect

time to to basically fire Powell because

of the CPI and PPI reports, but they

would be a mistake. Now, before we talk

about those CPI PPI reports though, I

want you to understand the uh uh the Fed

chair contender piece that Bloomberg

came out with has to do with Kevin

Walsh. and he's the guy that a lot of

people think is not a good money printer

character. So, this is Kevin Worsh. We

briefly touched on him yesterday, but

Bloomberg reported that back when he

worked at as a governor at the Fed

between the Great Recession, he was too

worried about inflation happening to

encourage money printing. And so he is

seen as a candidate that could be a wild

card for the Federal Reserve, which is

also why people think Kevin Hasset would

be a better candidate because Kevin

Hasset will cut rates and run the money

printer. Both of which is probably, you

know, not only what the economy

ultimately wants because people want the

helicopter money, but just debases the

dollar even more, which again is why

people say the dollar or, you know, gold

is potentially uh doing so well. Now,

keep this in mind. In the past, Walsh

has had this reputation for being

anti-moneyprinting.

But lately, he's been flip-flopping

and adopting a more dovish tone of we'll

do whatever Trump wants, cut rates.

Let's go cut rates faster because he

wants the job. People see Walsh as

coming out and trying to apply for the

job. Now if you look at poly market and

you see you know who might be the

Federal Reserve chairperson

historically we've seen Hasset in the

lead but Walsh who's been that hawk in

the past has been a close second so

Hassid in the lead at 24% Wsh at 20%

bestin at 17 one of the reasons he's at

17 is because he's seen as uh a good

Treasury secretary so why get rid of him

you know keep your good treasury

secretary. Uh he is liked by markets

unlike Navaro and Lutnik, not likes not

like whatever you want to call him. Uh

and the reason people say that now might

be the week that Donald Trump ends up

choosing a replacement Fed chair is

because you had data that on the

headline reiterates Donald Trump's point

of view that his tariffs are not causing

inflation. Consider the following. Core

CPI inflation came in lower than

expected at 0.2

the expectation was.3

PPI we were expecting 2.2.2 two, we got

0000.

Now, why is that misleading? We're going

to talk about that. Did you know that

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down below. All of this is misleading

because the CPI numbers that we got

yesterday indicated outside of autos

which were a huge negative drag to

consumer spending. We had 6.6%

annualized inflation on core consumer

goods. This is a really big problem. It

suggests that inflation is actually

skyrocketing inside of consumer goods.

6.6% annualized inflation is some of the

highest inflation that we've seen since

2021 and 2022 when we had 9% inflation

year-over-year in that June month. I

remember being on a beach in Germany

talking about it and announcing it.

Leave me a comment if you remember that.

I was in Dudeldorf. Who knew they had

beaches in Dusseldorf? They have lakes.

Spoiler. But anyway,

the headline numbers look great for

Trump, which is maybe a way Trump can

defend. See, no inflation, but then you

get actually into the core and it's

like, oh crap, these are poopy numbers

underneath the hood. The CPI report was

not good. We started to see the impact

of tariffs on consumer prices.

What about PPI this morning? Well, PPI

this morning was just as bad. The

headline numbers are Oh, you know, PPI

is doing great. Look at the headline

numbers. They're all zero as opposed to

the 02 we expected. This is fantastic

news. Then you open up the hood and what

do you end up seeing beneath the hood?

Well, first of all, we revised our prior

PPI numbers way up from 0.1 to 3 and 0.1

to point4. So a big revision up last

month uh in inflation for uh for for uh

producer prices. And then when we

separate out the producer price

categories and we actually look at

nuance which is something very important

that we do on the channel here what we

find is that demand goods are up.3%.

So in other words, goods inflation up

but services demand down which suggests

that prices for goods are going up. The

same thing we saw in CPI

but there's less trade possible because

prices for everything are higher. So

you're getting less trade services which

be like shipping, warehousing,

brokering, whatever. That's down point

one. In other words, inflation is

showing up and doing exactly what you

expect. taxes to do. And this is why,

you know, in the alpha report this

morning, which by the way, the alpha

report this morning absolutely killed it

because we were talking about Openoro

and how much momentum there is in Open.

And it's up 23%

on the day right now. Big move from when

we were talking about it this morning.

Uh, which is fantastic. So, once again,

Open Door kills it. And of course,

Tesla, not surprisingly, riding our 318

line almost perfectly getting magneted

down to it, rejecting it. You got to

trust the lines. Anyway, if you want

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that. But something we talked about in

the courses this morning was that

remember what taxes do economically.

Taxes reduce both side of the supply and

demand equation. Taxes reduce demand,

but they also reduce supply because the

prices for goods and services go up,

which reduces demand for both of those,

but also reduces the willingness to

supply because your margins go down. The

difference goes to revenue for the

government, but there's also a dead

weight loss, which is a negative

economic impact. Unfortunately, when you

put all of this together, you could end

up with a really nasty situation. And I

want you to think about this. The nasty

situation looks like this.

Donald Trump is now talking about firing

Powell again. Even though publicly he's

saying he's not going to fire Powell,

he's now talking about firing Powell to

congressmen and women. This is

problematic because it's kind of like

the Epstein files. He publicly tells us

one thing and then the action is a

totally different thing. So that is a

risk. Now, what is the risk of firing

Powell? Whether he legally can or can't,

we find that Trump tends to do what he

wants, right? If you fire Powell, what

you probably end up with is uh dollar

down, uh gold up, in my opinion, you

know, these these are possible possible

outcomes.

Uh probably uh bonds uh bond uncertainty

uh in the near term.

uh you

you know you wonder you know the

replacement will dictate you know some

of the impact uh replacement uncertainty

right so look at like hasset think

printer and wash uh think you know hawk

which is less desirable uh I think

hasset is probably better uh for risk

assets but also undermines

uh you know the independence of the Fed

uh obviously right this case about

firing Powell has been building with the

mismanagement of the renovation you know

the allegations by Trump against Powell

but understand from an inflation point

of view we are already seeing goods

inflation

already seeing services demand drop uh

both Both of these are like a

stagnation. Both are I mean both are

evidence of stagflation really right?

Stagnation in uh uh you know services

and inflation in goods bad uh for stocks

uh and earnings potentially good for

gold.

Uh, and you're seeing this in the

evidence, like actual evidence is

showing this now. Uh, and it's still

early in the tariff drama. Uh, yet

Trump may use misleading uh, headline

numbers

uh, to justify his actions.

So you could see this like perfect storm

where like Trump isn't looking at the

details and he's going to make a mistake

by doing this because his tariffs are

causing problems. And now these reports

about firing Powell, we're getting more

and more attention because not only are

we getting congressmen and women talking

about this, but we're also getting this

talk about uh a firing potentially

happening this week. Now, I don't know

if it will, you know, maybe somebody

will talk some sense into Donald Trump.

We've seen him U-turn plenty of times

before, but it's definitely something to

consider.

Now, don't get me wrong, like, yeah,

maybe like where's my bias in this?

Well, my bias, if there's bias, you

know, I try to be very neutral in all my

videos is that I actually think, you

know, lower rates and money printing is

fantastic for real estate. Uh, you I'll

give you a quick example, you know, and

you could do this with any numbers, but

but think house hack. Okay, this is why

I love House Hack so much. Okay, we, you

know, we built over $75 million of, you

know, uh, postbond conversion,

uh, zero bank debt and no debt at all,

uh, you know, $75 million portfolio.

Okay. So, if we could take that 75 mil

and rates plummet, you know, let's say

let's say it grows to uh 100 mil equity

by 2027, right? And and then rates

plummet. Just think about that for a

moment because mind you, you can invest

in this uh you can invest in this at

househack.com. Obviously, read the

perspectives. You could be a

non-acredited investor. We are going to

uh talk about closing this fund raise

soon in the next house hack update. Uh

so stay tuned for that. But learn more

at houseack.com. But anyway, rates

plummet. Just think about what we can

do. We can refy or well basically

finance the entire portfolio. you could

turn a million a hundred million dollars

of equity uh into a quarter or call it a

third of a billion dollar portfolio,

right? We could go buy, you know, 500

houses basically wedge deals, uh which

could be $50 million of wedge value at

$100,000 a house, right? That's that's

basically when we go crack the egg of

financing, we can, you know, double the

equity we have or or at least increase

the equity we have now by 50%. Just by

doing these wedge value deals. So like

in fairness, I love the idea of rates

coming down. I don't like the idea of

rates coming down though and creating

inflation and I don't like the idea of

being too late for a recession. So you

have this weird duality, but it's worth

noting like House Hack has this really

cool positioning where if rates stay

high, we don't care because we don't

have bank debt. But once rates plummet,

whether recession or otherwise, we get

to unlock serious wedge value in equity,

which is obviously why we're going to

close the, you know, our our 5% yielding

bond round because if you invest right

now, you get convertibles. They pay you

5% per year. So you get 5% per year cash

and you get all the upside in the stock

value. It's a It's basically a pref, you

know, Ross always calls it a preferred

round

because it's so great. Ross loves it. Uh

but anyway, you can learn more about

that at hack.com. But it's very

interesting because, you know, to me

that that shows you, you know, my bias,

but it also gives you some of the risks

of, you know, what Donald Trump is up to

here and how he's kind of

misleading the United States on what's

actually going on underneath the hood.

So, we'll