by Gaston Cuny
InvestX
Jerome Powell hints at the Federal Reserve breaking the monetary system, as the US debt reaches $36.2 trillion. Trump’s two-fold strategy includes massive budget cuts and stimulating growth through dollar devaluation. This shift towards a new financial system could elevate Bitcoin and cryptocurrencies in the upcoming Bretton Woods moment.
When the Fed Chair Admits the Failure of the Monetary System
A statement made in recent days has gone almost unnoticed. However, it could mark a historic turning point in the global economic history. Jerome Powell, the chair of the US Federal Reserve, has half-heartedly admitted that the Central Bank has broken the monetary system as we know it.
In a speech on June 2, 2025, Powell referenced the end of the Bretton Woods agreements as the point where the global financial system started to derail. A stunning admission considering that it’s precisely from that period that the Fed has assumed a central role in the global financial balance.