Powell’s War on the Middle Class: Grant Cardone Blasts Fed for Crushing Housing Market

EDITOR'S NOTES

Jerome Powell’s tenure as Fed Chair has overseen the largest destruction of housing affordability in modern U.S. history. In this exposé, I break down the stinging rebuke delivered by real estate mogul Grant Cardone, who rightly lays blame where it belongs: at the feet of the unelected central bankers who manipulate interest rates like puppet strings on the American dream. But make no mistake—this is more than just economic mismanagement. It’s financial warfare on savers, buyers, and the middle class. Read on, then prepare yourself accordingly.

Eric Blair Jun 9, 25

The Fed Has Broken the Housing Market—On Purpose

Grant Cardone didn’t mince words when he lit into Fed Chair Jerome Powell earlier this week on Mornings with Maria. According to the real estate heavyweight behind Cardone Capital, Powell has done “more damage to the middle class and to housing in this country than any other single Fed” in American history.

And frankly, Cardone’s right.

This isn’t just about misjudging inflation. It’s about systematically pricing regular Americans out of homeownership through weaponized interest rates while pretending it's all part of a “soft landing.”

Interest Rate Tyranny: How Powell Engineered a Collapse

Let’s cut through the central bank spin: high interest rates don’t just cool inflation—they freeze the entire housing ecosystem.

According to Cardone, today’s sky-high rates have locked out would-be buyers, caused a massive glut of unsold homes, and strangled the cash flow of small investors who once made middle-class housing available and affordable.

“That’s why you have 500,000 more homes listed than buyers for those homes,” Cardone noted. “When rates come down, prices will come down too because supply—not rates—is what really controls prices.”

This is a critical point that Powell and his policy cronies refuse to acknowledge: interest rates aren’t directly tied to price—they’re tied to activity. And without activity, the entire economic engine stalls out.

Inflation Is Down—So Why Are Rates Still High?

Inflation metrics are coming down, but Powell’s Fed refuses to act. That’s not just negligence—it’s a deliberate policy choice. According to Cardone, keeping rates artificially high is freezing the economy and keeping investor capital out of housing.

“If you want homes to move in this country,” Cardone argued, “we need investors back into the marketplace, and we need buyers who can get a low interest rate.”

Meanwhile, President Trump—long a critic of Powell’s rate hikes—has called for an aggressive cut of a full percentage point, labeling the Fed’s inaction as “Too Late” and urging Powell to pour “Rocket Fuel” into the economy.

Yet the Fed, in its typical bureaucratic arrogance, refuses to pivot—even as Europe races ahead with multiple rate cuts.

The Fed’s Real Legacy: Central Planning, Middle-Class Collapse

This isn’t just about housing. It’s about who controls your financial future. Powell represents the worst of the modern central banking regime: unelected technocrats who believe they can fine-tune the economy from behind closed doors while average Americans lose their homes, savings, and futures.

The housing crisis is no accident. It’s a symptom of a system that rewards Wall Street, crushes Main Street, and rigs the game in favor of those who are already at the top.

What Can You Do? Prepare While You Still Can

The writing is on the wall. Powell’s next move isn’t going to save the economy—it’s going to expose just how fragile the system has become. Whether it’s another hike, a too-late cut, or a full-blown crash, one thing is clear: you need to get your money out of the line of fire.

Bill Brocius has been warning about this trajectory for years. His book End of Banking As You Know It outlines exactly how central banks like the Fed are waging war on your wealth. If you haven’t read it yet, you’re behind the curve.

Better yet, grab Bill’s free report—7 Steps to Protect Yourself from Bank Failure—before the next leg down hits.

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✔️ Subscribe to Bill’s Inner Circle Newsletter for just $19.95/month: exclusive insights on navigating rate shocks, housing bubbles, and economic warfare from within the storm.

✔️ Read End of Banking As You Know It—before Powell’s next policy mistake becomes your personal catastrophe.

The Fed won’t save you. It never has. But you can still save yourself.

—Eric Blair