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.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in May 2026 with 1.
Appearances
Like, he can't just sign an executive order that says you have to let crypto do this because of Fed independence.
But the Fed had already sort of, like, opened a period of public comment on this.
And this is something that I think Warsh is... This is why it's important that this is happening after, like, the appointment of, like, Kevin Warsh, or, like, after he'd been... Technically speaking, before he'd been confirmed, but, like, after... Or, like, before he'd been sworn in, but after, like, they knew he was gonna... He's gonna get through because he is extremely friendly...
to these groups.
This is also a thing that's sort of important for the crypto industry because one of the issues that crypto has is that actually trying to move cryptocurrency around is just a nightmare.
That's one of the reasons why no one actually uses it to purchase things because it's such a disaster.
And getting access to
the Fed's payment system suddenly kind of... It gives you a sort of... You can use the Fed's payment platform, which actually works, unlike theirs, which do not.
Now, the other reason I'm bringing this up, so it's worth mentioning that even if the Fed were to allow them to create accounts with the Federal Reserve, they wouldn't for now have access to a lot of the services that the Federal Reserve provides.
They wouldn't be able to take advantage of repo injections and stuff like that.
A lot of the stuff that the Fed uses to stabilize the economy through
like injecting money into the banking system and injecting bonds and stuff like that into the system they wouldn't have access to.
But it's pretty clear that these crypto groups want that eventually because that gives them access to like the actual sort of banking capacity of the federal government, which allows them access to things like very low interest, short term loans and liquidity, et cetera, et cetera, et cetera.
And what I want to close on is that this is what Warsh's thing is, right?
He wants there to be more integration between this sort of like, I call it FinTech, right?
Like the financial tech things.
But, you know, between these very fascist right-wing tech companies, they want them to be more and more directly integrated into the payment services and into the banking capacity of the U.S.
government.
I mentioned earlier that Fedwire moves, again, $1.1 quadrillion a year.
Now, this is also what's very dangerous about Trump's people being in control of the Federal Reserve because there is so much infrastructure inside of the Federal Reserve that if it breaks even a little bit, things that we don't think of at all, like literally no one thinks about, like even if you do banking stuff, you tend not to think about Fedwire because it just works.
Showing 1961–1980 of 4,891 · page 99 of 245
← Previous
Next →