Ritesh Jain@riteshmjn
This is probably my most important post.
The FED stole your future and there is no going back
"The system is rigged. The deep state does not want us to be free. The American dream is dead."
Statements like these conjure images of deep pessimism, a worldview where you have no agency, where you are merely a puppet dancing for malignant powers you cannot see or touch. We are not people who live in that camp. But sometimes, certain data points are so damning that they leave us no choice but to admit: something is seriously wrong, and it needs to be laid out in the open.
Every time I visit India now, I find people agitated. Even those in the top 10% of the income bracket, earning anywhere from ₹50 lakhs to a crore per year, feel like they are running on a treadmill that keeps accelerating. No matter how fast they move, it is never enough. At the ground level, the situation is far worse. It is the same story everywhere. In Canada, both partners in a household work full time and still fall short each month. In Australia, young professionals earn well and own nothing. In Germany, the middle class quietly shrinks. The geography changes. The exhaustion does not.
And the origins of this mess are not in New Delhi or Ottawa or Berlin. They are in Washington D.C. All of us are paying the price for a policy disaster handed down from ivory towers, by people most of us never elected and, frankly, never even saw.
Consider this: the U.S. money supply (M2) grew by 40% in just 2 years
*The Federal Reserve United States Money Supply M2*
January 1, 2020: $15.4 trillion
January 1, 2022: $21.6 trillion
A staggering ~40% increase
As of Mar-26, $ 22.6 Tn
( so they never reversed the increased money supply although Covid got over)
Unprecedented in the history of the Federal Reserve post-World War 2 era. (Source: FRED) This massive injection of liquidity created asset bubbles across the economy. Wages stayed stagnant. Those who owned capital benefited enormously. Everyone else got the inflation.
Most people have not yet identified the cause of their frustration, but they have begun to feel its effects viscerally. And that feeling, that the system simply cannot deliver on their aspirations, has become the quiet tailwind driving a very dangerous behavioural shift.
The more people sense that conventional paths are closed off, the more they reach for asymmetric bets, even knowing the odds are stacked heavily against them. The explosion of betting apps and prediction markets, Kalshi, Polymarket, Dream11 and their many cousins, are not trends. They are symptoms of a broken economy. The feverish rise in F&O trading and the massive uptick in exchange volumes are different expressions of the same underlying truth: when people stop trusting the system to reward honest effort, they start gambling on outcomes instead.
