Dana El-Kurd
speaker
4,891 appearances
2 recordings
1 series
first heard Mar 2026
last heard 30 May
Dana El-Kurd’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in May 2026 with 1.
Appearances
Yeah, it's definitely a thing to be concerned about, given what these things are and what they do.
Yeah.
Speaking of cryptocurrency mining.
Oh boy.
So yeah, yeah.
Speaking of using large entities for crypto bullshit.
So last week we talked a bit about Kevin Warsh, the new Federal Reserve Board Chairman's like ties to the tech right, right?
Ties to Thiel, ties to Andreessen, ties to this whole sort of world of like tech venture capital money.
And today I want to talk about
There's an executive order from May 19th from the Trump administration that orders the Federal Reserve to consider allowing crypto companies and other non-FDIC insured entities to use Fedwire.
OK, so what is Fedwire?
On a macro level, Fedwire is the reason the entire American economy functions.
It is the payment service that banks in the U.S.
use to both send money to each other and to the Fed.
If you wanted to do an analogy, right, you could say that Fedwire is PayPal for banks.
But like the reality is not that like PayPal is like Fedwire for people.
Fedwire is maybe the single most important infrastructure piece
of the entire American economy.
I was going to talk about this a bit later, but the surface on average, the Fed estimates that it moves $1.1 quadrillion per year.
Whoa.
Showing 1921–1940 of 4,891 · page 97 of 245
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