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Up until a few weeks ago I had no desire in delving into the mystic world of crypto currency. However, when Trump announced that he was going to direct the Department of Labor to allow cryptocurrency and private equity as an option to the country’s 90 million 401(k) participants, I concluded it was time to risk becoming tainted and find out what all the hoopla was about. Not to become proficient in it, but rather to understand what form it might take in order to enter the 401(k) realm and help the unsuspecting public deal with this new offering/temptation. I spent countless house scouring the internet and reading the few available books on the subject. Spoiler alert: the voodoo part of the title of this episode applies to cryptocurrency.

And since you are already listening, I thought I might as well throw out some of my pithy thoughts and observations on the on the ongoing war of words between President Trump, the Fed chairman Jerry Powell and just for good measure I will throw Jim Kramer into the mix. The topic is relevant and timely because American workers hold $3.7 trillion dollars’ worth of bond funds in their 401k plans that have come under pressure due to the confluence of the Trump tariffs, Musk’s DODE brouhaha and the anemic decline in the inflation rate. This is where the snake oil thing comes into the picture.

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