The cleverness of political calculation is evident in this executive order, which was intentionally released on the eve of the Federal Reserve's interest rate meeting. Now Powell is being put on the spot—he has to deal with Trump's demand for a '500 basis point rate cut' while also managing the resulting collapse of the dollar. Goldman Sachs' internal model indicates that the new policy could lead to $2.3 trillion in capital leaving the bond market, with one-third of it frantically flowing into Bitcoin ETFs. But the real drama is on Capitol Hill, where Democratic lawmakers suddenly shifted to support crypto regulation, as their donors discovered that the new tax law allows for anonymous political contributions using cryptocurrency.