US Wealth Plummets 20% in One Month—Traditional Finance Reels While Crypto Watches

Wall Street’s worst month since 2008 leaves fiat empires crumbling—meanwhile, Bitcoin hodlers just shrug.

When the Fed’s monopoly on money creation backfires spectacularly, decentralized assets start looking less like ’risk’ and more like common sense. The old guard’s balance sheets are bleeding out, but blockchain protocols? Still humming along at 24/7 settlement finality.

Funny how a 20% wealth evaporation makes 5% APY on stablecoins suddenly seem... responsible. The banks might be insolvent, but the blockchain doesn’t care about your margin calls.

Griffin says investors are not going to build factories in the US

The longtime GOP donor disagreed with Trump’s theory that foreign manufacturers will race to build new factories within the US. This idea caused Trump to use tariffs on huge manufacturing countries like China. He said:

“I’ll tell you what’s not going to happen is, people are not going to raise [money] to build manufacturing in America […] because with the policy volatility, you actually undermine the very goal you’re trying to achieve.”

Even Musk revealed that he had privately advised President Trump to lower tariffs, saying he believes it will ultimately be better for the economy. But he admitted that the decision rests with the White House.

In addition, Tim Cookexplained that he prefers China for Apple manufacturing not because of cheap prices but because the US does not have as many experts as China. 

He said, “You know, in the US you could have a meeting of tooling engineers, and I’m not sure we could fill the room. In China you could fill multiple football fields.” He added that their expertise is also very deep.

Griffin says that the US has lost its oldest allies

Trump’s plan earlier this year to put a 10% tax on almost all foreign goods and higher “reciprocal” taxes on many countries has had an effect on both friends and foes of the US.

Griffin said that the extra taxes, like the 25% tariff on Canada and Mexico, could cause the country to lose some of its oldest friends. “How does Canada feel about our country today versus two months ago? How does Europe feel about the United States today versus two months ago?” Griffin asked.

France was the United States’ oldest ally. Their long-lasting connection is significant because it was important for the US in its early years, including its fight for independence. Both countries have been working together and forming strategic partnerships around the world. Despite all that, France was not spared.

Meanwhile, China, a foe of the US, is working on expanding trade with Southeast Asia, Latin America, and Africa. It is trying to wean itself off the US. 

China is also competing heavily with the US. Some examples are DeepSeek, which is now a strong competitor to ChatGPT, and BYD, which beat Tesla last year to become the biggest maker of electric vehicles. Other companies like Huawei and Vivo have been taking away Apple’s valuable market share.

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