G20 meets today in Asheville, Barbara frames the showdown: Bessent pushing physical growth to conquer the debt mountain, while Lagarde and von der Leyen plot to "redirect" citizens' savings — "lazy money" — into the Ukraine war and the green transition.
Scott Bessent is following the money behind America’s dark money nonprofit network and confronting a political machine more than a century in the making.
Carney walks out and calls it a war — he's right, wrong reasons. Ratcliffe's C-17 lands in Moscow. Warsh smashes the Fed's crystal ball. Nine weeks to November 3. Seven posts inside.
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.
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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G20 meets today in Asheville, Barbara frames the showdown: Bessent pushing physical growth to conquer the debt mountain, while Lagarde and von der Leyen plot to "redirect" citizens' savings — "lazy money" — into the Ukraine war and the green transition.
Scott Bessent is following the money behind America’s dark money nonprofit network and confronting a political machine more than a century in the making.
Warsh smashes the Fed’s crystal ball, Bessent warns that pulling the plug could blow up the global financial system, and Trump’s Space Academy ends the Dark Age.
China built an industrial powerhouse, but debt and export depesndence threaten its future. Can Trump’s revival of the American System offer a new path forward?
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