"Warning: The Fed's 'Group Dementia' is Poisoning the Global Economy"

These guys in suits and ties are really treating the economy like a video game, aren't they? Press a few keys, print out trillions, without even blinking. Inflation exploding like fireworks, and they’re still saying it's "temporary"—is your electricity bill, gas price, and rent also temporary?! The common people are almost suffocating under the weight of prices, while they happily close the doors and play theoretical debate games.

Next May, when Powell leaves, the real show is just beginning. Do you think that changing the person in the chair will bring peace? Don’t be too naive. The real problem is not whether to cut interest rates or when to do it, but that the entire system is already terminally ill—from the decision-making mechanism to the regulatory logic, it’s as rotten as old wood eaten away by termites; it crumbles at a touch.

That old man Hubbard has finally said something sensible this time: What the Fed needs most right now is not another obedient bureaucrat, but a thorough "brain surgery."

▌Mistake? That's called a chain reaction car accident scene!
Saying "communication is not coordinated" is laughable. Is that what you call communication? One moment you're dovish, the next moment you're hawkish, and the market is being toyed with like a roller coaster, with retail investors having lost everything while still clutching their little notebooks reading out the data. The most severe inflation in 40 years is just brushed aside with a phrase "judgment error"? This is called dereliction of duty! This is called systemic incapacity!
And then there's that so-called "flexible average inflation target"—the name sounds impressive, but to put it simply, isn't it just "making up for the lack of increase in the past"? This policy is more dangerous than drunk driving; stepping on the gas instead of the brake, and even after crashing into a wall, they refuse to turn back.

▌Three landmines buried in my own backyard.
The first point, the so-called "dual mandate" has long become a word game. When the two goals of stabilizing prices and maintaining employment are at odds, what did they choose? They chose the most cowardly path: printing money. Printing crazily, printing with their eyes closed, until the dollar almost becomes a commemorative coin.

The second point, do you have any idea how much the balance sheet has expanded? Eight trillion! This is not just a number; it is a dam holding back a lake above the global economy. When it breaks, it will drown everyone who relies on the US dollar.
The third one is even darker: regulation becomes a show. When banks explode, they pretend to be blind; when the treasury market collapses, they read from a script; they only come to put up seals after Silicon Valley has blown up. This is not regulation; this is funeral home business – they come to do makeup only after someone has died.

▌The most terrifying thing is not being bad, but being uniformly stupid.
These people have impressively high degrees, yet their minds are all identical. Meetings are just large-scale nodding sessions; differing opinions? Nonexistent. They call that "consensus," I call it "thought-cloning invasion of Earth." The regional Fed chair should have brought some local flavor, but instead, they all got turned into the same batch of replicants by the air conditioning in the gilded corridor.

▌Next May, either a blood transfusion or a funeral.
Now is not the time to discuss "who's going up"; we must first ask, "Once they are up, will they dare to flip the table?" If the next chairman is another one who just muddles through, the dollar can start preparing its eulogy in advance. But if someone really comes in hard, those old guys in Washington will be the first to jump up and curse.

So you see, this is not a financial issue at all, but a power struggle — the Fed, the White House, Wall Street, global markets, each player wants to turn the dial in their favor. And the truth is? The pivot has long since rusted through.

Think about it carefully: if this group of the smartest people collectively did the most absurd thing—was it a mistake, or a carefully designed conspiracy?