Kevin Warsh Just Revealed The Fed's Impossible Position | Simply Originals

**SPEAKER_1** (0:00)
One of the most important moments in modern financial history quietly happened today. And arguably, the most powerful man in America you never voted for, just took to the microphone and decided whether your savings survives the next 12 months. His name is Kevin Warsh. Today was his first Fed meeting as chairman, and he didn't have many options, basically zero. Either turn on the money printer or refuse and let the bond market kick the door down for him. Heads Bitcoin wins. Tails, the dollar loses. It's a rigged coin flip. And today he flipped it. But to understand why every road out of this disaster is paved with enough to base dollars to make your eyes bleed, we got to talk about the thing that happened this weekend that the news sold you as peace. It wasn't peace. They just lit the money printer and called it peace. Let me show you. We got a big one today. And by the end of this video, you're going to understand three things. One, why the Iran deal was never about peace. It was about oil and why they needed it open before a clock runs out in 80 days. Two, the $40 trillion confession, one of the biggest names on Wall Street, just said out loud on camera that should have been front page news and instead got buried. And three, why no matter which door Kevin Warsh walked through today, the only asset on earth that can't be printed just got handed the keys.
Let's get to it.

**Kevin Warsh** (1:41)
Good day. It's an honor, a true honor, to be back at the Federal Reserve and to take up this duty at a time of such consequence.

**SPEAKER_1** (1:51)
So this weekend, Bloomberg drops the 12 points, the big U.S.-Iran peace deal, end the war on all fronts, lift the naval blockade on signing, US troops out of the region in 30 days, sanctions gone on a timeline, frozen Iranian funds released, and here's the one that matters.
Washington exempts Iranian oil and related banking from sanctions. They didn't make peace because they love peace. They made peace because they needed the oil to flow. This is kind of like a guy who sets your kitchen on fire, then kicks down the door to rescue you, and the local paper runs a headline calling him a hero. And don't take it from me, take it from the guy who signed it. Here's Trump explaining why this deal had to happen.

**Donald Trump** (2:38)
Yes, it's in the low 70s now, right? That's right. That's amazing. So that's what speaks louder than words. The alternative would be a worldwide depression. You know, the stupid people want to have a worldwide depression, and they're stupid people. So you can only go so far.
Drive somebody into the ground, and a lot of bad things happen. Number one, the strait would never open, because they don't like floating billion dollar ships up and down a strait when there are rockets flying over them and mines all over the place. So the strait would never be open. It wouldn't be open for a long time. So we have a very hot stock market, and we have a very, starting to be a very low oil price.

**SPEAKER_1** (3:22)
The alternative would be a worldwide depression. Stupid people want to have a worldwide depression. Number one, the strait would never open. Worldwide depression, those are his words, not mine. So let's be honest, the president of the United States just told you on camera, this deal had nothing to do with peace and everything to do with stopping an economic collapse. The strait stays closed, oil goes vertical, the whole house of cards comes down. He said the quiet part for me. Thanks, big guy, saved me a paragraph. Now, why the rush? Because the US Strategic Petroleum Reserve, the emergency oil stash, just got drained to its lowest level in 42 years. 42 years, that's the 1983 low.
We are running on fumes, and the second that reserve hits empty, there's nothing left to cushion an oil shock, no buffer. So when Iran's threatening the Strait of Hormuz, a third of the world's seaborne oil, somebody did the math and realized we cannot afford this war one more week, not because of the soldiers, because of the too damn high inflation. This war exposed something the financial industrial complex really didn't want exposed. We spent trillions on defense, the largest military budget on earth, and a country a fraction of our size damaged American systems with weapons that cost pennies on the dollar. The Pentagon, and I'm not making this up, has never passed a single audit, not one.