"Ron Paul's Fed Audit Call Gains Musk's Support, Sparking Dollar Fears"
1min read The call for an audit of the Federal Reserve has intensified, with social media platforms sparking widespread discussion about the need for transparency and reform. This week, a prominent figure suggested that Ron Paul should lead the audit and even become the Fed Chair, gaining support from Elon Musk, the head of the newly established "Department of Government Efficiency" (DOGE). The Federal Reserve has long maintained a high degree of independence to avoid political influence on monetary policy, but Washington has previously resisted proposals to audit the Fed.
Experts believe that increased scrutiny of the Federal Reserve could weaken market confidence in the US dollar and accelerate the flow of funds into alternative assets like Bitcoin and gold. Cryptocurrency derivatives trader Gordon Grant, in an interview, stated that Ron Paul's exposure of the Fed may prompt US retail investors to question the soundness of their currency. This could mark the beginning of the dollar's 'Minsky Moment,' a term referring to the eve of a market collapse when investors realize the fragility of the financial system, leading to a rapid collapse in market confidence, panic selling, a liquidity crisis, and financial instability.
