President Trump and Congress need to pass legislation capping the interest rates that financial institutions charge consumers. If financial institutions need to borrow money from the Federal Reserve at the discount window, the interest rate would be 4% or lower.

Why are financial institutions charging consumers nearly 30% on their credit card debt? Bloomberg recently reported that Wall Street’s 2025 bonus pool is expected to break record highs. Newsflash: When the consumer dies, the U.S. economy soon follows.

Massive defaults on subprime mortgages sparked the 2008 Great Financial Crisis ("GFC), and currently, the American consumer is stretched, and this is reflected in the recent 20% surge in mortgage foreclosures.

The Fed needs to cut interest rates, and the banks and or Treasury need a program to help first-time borrowers. Were any lessons learned from the GFC? Is history reaping itself?

Financial institutions have shifted risk from subprime mortgages into subprime auto loans and high-interest-rate credit card debt, both of which may slow our economic growth. Additionally, we are seeing retail stock buying on credit hit new highs, which is troubling! As third-party collection amounts are higher than during the 2008 crisis.

Consumer credit is now a significant problem that has worsened since 2008. America has a credit addiction sparked by a decade-plus of misguided Fed policies. The Fed has allowed Interest rates to remain far too low for far too long. It allowed debt to spiral totally out of control. The irrational AI bubble and trillions in financing will end badly...

All our large financial institutions have massive exposures to the $6 trillion in leveraged debt in the commercial real estate markets. Many projects and new builds have made unrealistic modelling assumptions regarding a growth surge, occupancy expectations, and their ability to achieve higher rents than the current market values.

Today, we have substantial issues in our credit and employment markets that nobody wants to discuss, address, or resolve.

The Federal Reserve’s mandate is to ensure full employment and price stability. I believe that over the past few decades, they have not only failed on both, but the Fed has also embarked on a far-left ideological shift, embracing wokery with a focus on equity, DEI, and climate change.

The Fed has strayed from its mandate and needs to be audited, shut down, and/or totally restructured, because its decades of policy mistakes will spark the next inevitable financial crisis.

The U.S. economy is currently the strongest in the world, and we need to maintain growth to remain at the top. The second-largest economy is the European Union, and the third is China.

The German economy is the economic engine that drives the EU’s growth, but it is a disaster that has gotten worse since my warnings. Germany, France, and the United Kingdom are experiencing major leadership failures, and China is also experiencing a significant economic downturn and a leadership struggle.

Is it a head-scratcher why Alexandria Ocasio-Cortez has now taken over the democrat party, or communists like New York mayor Mamdani are elected by promising free stuff that can never be delivered or paid for?

We need to: drastically restructure the Fed, end the filibuster, and bring back common sense, or capitalism and freedom as we know it will die a slow death by a 1,000 cuts.

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Mitch Feierstein knows the financial industry inside out. For the past four decades he consistently created opportunity and value where others have failed to look. He is a successful investor and CEO of the Glacier Environmental Fund Limited. Prior to Glacier, he was Senior Portfolio Manager of the Cheyne Carbon Fund, part of one of the largest and best-respected hedge-fund groups operating in Europe. He has acted as a consultant for a number of governments in their disaster and contingency planning. He is the author of Planet Ponzi, the only insider's account of the credit crisis detailing; How we got into the mess, what happens next, and what you need to do to protect yourself. He divides his time between London and New York.