A respected economist is raising alarm bells about something that should terrify every American—the U.S. economy is being deliberately sabotaged, and the Federal Reserve is leading the charge. Why? Because Trump won.
Dr. Kirk Elliott, a well-known economist, recently appeared on the Daily Pulse podcast and dropped a bombshell: The Federal Reserve, under Jerome Powell, is setting America up for failure in what looks like a political kamikaze mission to hurt President Trump and punish the voters who kicked Democrats out of power.
Now let’s be clear—this isn’t just about policy disagreements or poor judgment. This is economic warfare. And you’re the collateral damage.
Dr. Elliott pointed to the growing feud between President Trump and Fed Chair Jerome Powell—a man Trump has publicly and repeatedly called “an idiot” and “a moron,” which, frankly, may have been too kind. Powell refuses to cut interest rates, claiming Trump’s policies are fueling inflation—even though inflation has actually been cooling under Trump’s second-term leadership.
Let’s not forget how we got into this mess: Biden and the Democrats spent four years treating the U.S. Treasury like an ATM machine at a Vegas bachelor party—printing over $7 trillion in funny money while Powell sat there nodding like a bobblehead in the passenger seat. And now he’s pretending it’s Trump’s fault? Give us a break.
Here’s the kicker: Dr. Elliott warns that if Powell continues refusing to cut rates, a recession is inevitable. But what if that’s not a bug in the plan—what if it’s the goal?
Think about it. Powell gets to torpedo the economy, then turn around and say, “Look what Trump did!” It’s a rigged blame game—and you, your job, your retirement, and your savings are the pawns.
Trump himself has warned repeatedly that Powell’s actions will lead to serious economic pain. But the swamp is so angry voters didn’t pick them in the last election, they’re ready to light the economy on fire just to get some revenge.
?BREAKING:
TRUMP CALLS POWELL “LOSER” AND “MR. TOO LATE”!
WARNS ECONOMY COULD SLOW WITHOUT RATE CUTS! pic.twitter.com/YEf89RsTqZ
— Crypto Rover (@rovercrc) April 21, 2025
And it gets worse.
Dr. Elliott says the Fed is now floating plans to loosen credit standards for American banks. Translation? We’re marching right back into the conditions that caused the 2008 financial meltdown—when banks went belly-up, the stock market plunged 40%, and families lost everything.
“This is what caused the 2008–2009 financial crisis,” Elliott warned. “That created mayhem. Bank failures, institutional failures, stock market collapses…”
And here we are again, with the Fed dusting off the same playbook—except this time, it’s not incompetence. It’s sabotage.
“They want Trump holding the bag when the crash comes,” Elliott explained. “That way, he gets the blame—even though it’s not his fault.”
This isn’t just an attack on Trump—it’s an attack on you. On working-class Americans. On retirees. On small business owners. The people who will suffer most aren’t the elites in D.C. or the talking heads on MSNBC. It’s the folks who still believe in the American dream.
And the Democrats? They’re fine with that. They’re fine crashing the whole system if it means they can pin the explosion on Trump and sneak their way back into power. That’s not governance. That’s political terrorism.
“The beatings will continue until morale improves.” That used to be a joke. Now it’s basically the Democrat platform.
If you want to hear Dr. Elliott lay it out himself—and you should—watch the full interview here on Rumble. But be warned: it’s not for the faint of heart.
The Federal Reserve is not your friend. Jerome Powell is not a neutral actor. And what’s coming next could make 2008 look like a warm-up.