The past few weeks we are watching an all out war from the SEC and Garry Gensler. But since yesterday something has changed because from what it seems the Congress wants to oust Garry from the position of SEC head because they believe he had abused his power and instead of protecting the Citizens he instead hurting the US economy.
United States Rep. Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives
U.S. capital markets must be protected from a tyrannical Chairman, including the current one. That’s why I'm introducing legislation to fix the ongoing abuse of power and ensure protection that is in the best interest of the market for years to come. It’s time for real reform and to fire Gary Gensler as Chair of the SEC.
My take away is that the US is starting to become a circus. And that's what is happening when a country as powerful and rich as them becomes so strong and starts to think that they will remain strong forever and no one can surpass them.
The US is now starting to decline maybe is declining for some years now but at this time it's obvious to everyone except them.
I believe they are at the same phase that the United Kingdom was at the beginning of the 20th century for them it took them 45 years to officially loose the status of the strongest nation in the world.
The signs that suggest it is that after COvid-19 the war in Ukraine everyone started to feel uncomfortable by the power the US has with the dollar printing and that is becoming obvious because more and more nations are searching for alternatives and they will find them soon enough.
There are no strong and charismatic leaders to lead the country and the US has became such a big bureaucratic system that in order to make the wheels turn you need to put a lot of grease.
Just write Gary Gensler on twitter all photos are hilarious like the one i got