Arthur Hayes

I mean, S&P 10,000, NASDAQ 100,000, Bitcoin 1 million, gold 15,000, right?

Pick your asset.

They're all going up.

Maybe some go up more than the others, but that is the state of play.

And so then the question is, how do you take whatever savings that you have and buy one of those things?

Whatever it is you feel comfortable buying, because those are the things that have to go up as a release valve for let's run the economy hot.

Let's...

allow wage inflation.

Let's reduce the debt to GDP on the government's balance sheet.

So to answer the last question first, I'm a financial asset holder, so I want what he wants.

I want cheap money.

I don't want it to be plentiful.

I own the things that are going to go up because this works.

And that's just the truth of it.

If you own a house, you want what Trump wants to have happen.

He's going to pump your house price too.

Now, the situation is –

How does he gain control of the Fed?

So first of all, every single U.S.

president since the Fed has been created always gets the monetary policy that they want.