The Week That Proved Everything (The Week in Review)
Dear Fellow Traveler:
It’s been quite a week…
While everyone was debating semantics and arguing about whether Jeff Bezos "deserves" his wealth, the Federal Reserve was quietly proving every single point I've been making about how this rigged system works.
Let me walk you through it...
Because this week wasn't just about individual stories.
It was about the entire architecture playing out in real time.
And most people missed it completely.
Let's review the week before the system implodes...
Monday, June 23
Amazon: Digital Feudalism as Convenience
I struck a nerve calling Amazon a neo-feudal empire disguised as convenience. Critics screamed "jealousy" and "go start your own company," missing the entire point.
Amazon controls 40% of e-commerce and turns suppliers into unpaid banks with 45-day payment terms while workers urinate in bottles to meet algorithmic productivity targets.
This isn't free market capitalism - it's technological feudalism with a smile logo.
Tuesday, June 24
Five Things I Think I Think
While everyone focused on Amazon backlash, smart money was watching five real opportunities.
Energy infrastructure is making a comeback… Williams Companies is reviving blocked pipelines, and the EMO fund is yielding 9.2% at a discount, as reality prevails over ideology. That’s not all we have this week… Big ideas…
Wednesday, June 25
Baby Got BRRR...
The Fed was supposed to taper its balance sheet to $5 billion per month. Instead, they bought $30.3 billion in Treasury bonds across 14 auctions in June alone. I documented every single purchase, from $1.04 billion in 3-year notes to $6.96 billion in 5-year notes.
This is direct monetization while Powell claims they're "fighting inflation."
The market continues hitting new highs because liquidity is the only thing that matters anymore. When the money printer goes BRRR, fundamentals become irrelevant. No mainstream media outlet explained this to Americans, but every trader knows why stocks continue to climb despite economic uncertainty.
Thursday, June 26
What the Fed Is Doing With These Rollovers
Critics attacked me with semantics: "That's not QE! They're just rolling over existing positions!"
Missing the entire point.
When Treasury bonds mature, the cash disappears unless the Fed replaces it, which it does above the $5 billion cap by creating new bank reserves. That's money creation, period.
Call it QE-lite or Steve, the outcome is identical.
Friday, June 27
The Greatest (and Dirtiest) Lie in Politics
The "blue states subsidize red states" narrative is 73% nonsense marinated in partisan BS. The real subsidy flows vertically, not geographically.
When Powell fires up the money printer, fresh cash flows through Federal Reserve primary dealers in blue financial hubs - Wall Street isn't in Topeka.
This is the Cantillon Effect wearing a blue tie: whoever gets new money first wins. Asset prices rise before grocery prices, benefiting those who own artificially inflated assets in places like Manhattan, not because they're Democrats but because that's where money lives.
Meanwhile, everyone else pays through higher living costs while politicians keep us fighting over red versus blue instead of up versus down.
What It All Means
This week wasn't random.
Markets no longer run on fundamentals.
They operate on liquidity flows, momentum chasing, and the amount of collateral Wall Street has to gamble with.
Since 2020, stock prices have stopped caring about silly things like "profits" or "growth."
Here's what moves markets now:
Fed money printing (or pretending not to print)
How much debt the Treasury issues and what kind
How much collateral Wadoes ll Street have to gamble with
Momentum traders chasing whatever's moving
Global liquidity events and stress
This week proved every thesis I've been developing:
The printer goes BRRRR…
Stocks go higher.
And most people never see the connection.
That's the system working exactly as designed.
I suppose we're going to hit 6,500 to 7,100 this year, aren't we?
Thanks, financialization... thanks, money printer...
The only question is whether enough people will figure it out before the Jacobins show up to "fix" capitalism... which is just financial feudalism wearing Adam Smith's skin suit…
Stay positive,
Garrett Baldwin