Cut the Head Off the Snake — London Just Got Named
Bessent named the IRGC’s trusts in the British Virgin Islands on live TV. Barbara and Susan on two fronts, Carney, and less than 60 days to the midterms.
Midweek Update
The Midweek Update - Trump's New Bretton Woods: The Fed Fight Nobody's Talking About - May 27, 2026
Barbara Boyd on Judy Shelton's MSNBC challenge to Fed Keynesianism, Kevin Warsh's "regime change," the 1944 Keynes-vs-White Bretton Woods fight, and how Trump's executive-branch credit channels and Rubio's India trip point to a Core Five alignment that bypasses the City of London.
12 min read
Judy Shelton argues that productive growth and rising wages are not inflationary, challenging the Federal Reserve's Keynesian framework and calling for a New Bretton Woods of low rates, stable exchange rates, and credit aimed at physical productivity. The episode frames her remarks alongside Kevin Warsh's “regime change” at a Fed seen as crushing demand while backstopping Wall Street, with warnings that a rate hike amid an Iran-war “oil shock” would worsen a supply problem. It revisits the 1944 Bretton Woods fight between Roosevelt's Harry Dexter White and John Maynard Keynes, claiming the post-1971 system enabled deindustrialization and offshore finance. It then highlights the administration's alternative executive-branch credit channels and Secretary Rubio's India trip, including Quad critical minerals coordination, as part of a “Core Five” alignment (U.S., China, Russia, India, Japan) designed to bypass London-centered finance.
Watch Will Wertz's Class, Why We Need a New Bretton Woods System
00:00 The Midweek Update - Trump's New Bretton Woods: The Fed Fight Nobody's Talking About - May 27, 2026
03:15 The Fight at the Fed: Shelton and Navarro Come Out Swinging
05:43 Keynes vs. Roosevelt: The Original Fight at Bretton Woods
09:05 The Credit System Inside the Executive
10:16 Rubio in India and the Core Five
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