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The funeral of His Holiness Pope Francis on Saturday inside St. Peter’s Basilica turned into a full public reckoning for US President Donald Trump, whose failures at home and abroad unfolded in real time for the world to see, according to Bloomberg. As thousands packed St. Peter’s Square, cheers erupted not for Trump, but for Ukraine’s Volodymyr Zelenskyy. Inside, Trump stood surrounded by France’s Emmanuel Macron and Britain’s Keir Starmer, all caught up in tense conversations that had nothing to do with honoring the late pope. During the homily, Cardinal Giovanni Battista Re delivered a sharp reminder of the Church’s position on immigration, praising Francis’ legacy for advocating refugees and recalling his famous call to “build bridges, not walls.” Those words first came back in 2016 when Trump was just kicking off his campaign by pushing for a wall along the US-Mexico border. Cameras zoomed in on Trump, catching his mouth slightly open as Re’s message landed hard. Francis spent years rebuking Trump’s immigration and foreign policies, including his public stances on Ukraine and Gaza. He was a very special person indeed. By seating chart luck, based on the French alphabet, Trump landed between the leaders of Estonia and Finland, two nations that back Ukraine heavily. But the first row spot still reflected his status as the sitting US President. Before the Mass even began, an unofficial meeting between Trump and Zelenskyy caught the world’s attention. It was their first face-to-face since a disastrous February Oval Office meeting where Zelenskyy had been scolded on live TV, leading him to lose an economic deal for Ukraine’s rare earth minerals. Macron and Starmer, who had flown into Washington to fix that geopolitical mess, found themselves doing damage control again inside the Basilica. They stood with Trump and Zelenskyy in a tense huddle as cameras rolled. Dozens of world leaders showed up for the funeral, but most eyes stayed on Trump, watching to see who he would greet and who he would avoid since he’s quite literally fighting everyone right now. Joe Biden and Jill Biden, sitting about four rows behind, shared no words with Trump. Italian Premier Giorgia Meloni, who had recently paid Trump a visit at the White House, kept her distance too. Giorgia is a staunch Catholic and was a close ally of Francis, so it’s not hard to understand why she skipped the diplomatic drama and later had lunch with Argentina’s infamous President Javier Milei, who once called Francis a “filthy leftist” before publicly making amends. The funeral also exposed how rare it is to have this many world leaders crammed under one dome. Given Trump’s open hatred for multilateral meetings and the uncertainty of his attendance at the upcoming G7 summit in Canada along with his ongoing trade beefs, this funeral was an awkward chance to rub shoulders with people he often prefers to avoid. Still, Trump openly acknowledged the situation reporters had been whispering about. “It’s a little disrespectful to have meetings when you’re at the funeral of a pope, they say,” Trump told reporters while flying into Rome. “But I’ll be talking to people, I’ll be seeing a lot of people.” As Europe continued to suffer under tariff wars fueled by Trump’s trade policies, European Commission President Ursula von der Leyen saw her shot. She managed a few moments of small talk with Trump at the funeral, the first time they met since his return to office. An EU spokesperson allegedly later confirmed to Bloomberg that they agreed to schedule formal talks. But time wasn’t on Trump’s side. His meeting window slammed shut fast. There was no second sit-down with Zelenskyy, with a spokesperson blaming “tight schedules.” Trump’s motorcade peeled away from the Vatican soon after the ceremony ended, racing back to the airport and clearing Rome before lunchtime. On the ground, Zelenskyy stayed to meet separately with Starmer and Meloni, securing longer talks without the US President involved. From the air, Trump jumped onto Truth Social to share his thoughts about Russia and Ukraine. He accused Vlad Putin of stalling peace by firing missiles into civilian areas and suggested that “Secondary Sanctions” might soon be necessary. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

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Kevin Warsh, who Donald Trump is eyeing to replace Powell as Federal Reserve chair, ripped the central bank on Friday for what he called “systematic errors” that fueled the worst inflation spike in a generation, according to the Financial Times. Warsh, a former Fed governor and longtime Trump ally, said the Fed had morphed into “a general-purpose agency of government” instead of staying focused as an independent central bank. He said that drift away from its mission let inflation blow way past its 2% target. Speaking directly to the crowd at the Group of 30 event in D.C., Warsh said , “Since the panic of 2008, central bank dominance has become a new feature of American governance.” He warned that the Fed’s endless expansions into every political cause had caused massive errors in managing the economy. “Forays far afield — for all seasons and all reasons — have led to systematic errors in the conduct of macroeconomic policy,” Warsh said. Warsh slammed the Fed’s $7 trillion balance sheet, saying it made it easier for politicians to keep throwing money around without thinking about the price. Warsh said, “Fiscal policymakers — that is, elected members of Congress — found it considerably easier appropriating money knowing that government’s financing costs would be subsidised by the central bank,” referring to the massive Treasury bond-buying spree under quantitative easing. The attack landed right in the middle of a serious fight between Trump and Powell. Just last week, Trump said he couldn’t wait for Powell’s “termination” as Fed chair. But later, Trump eased up, telling reporters he didn’t actually plan to fire him — which helped settle nerves across global markets that were already shaky. Warsh, who was once on Trump’s shortlist for Treasury secretary, used the Washington stage to drop his first public comments on monetary policy in months. Warsh isn’t a new critic either. He sat at the Fed when quantitative easing first started and has kept close tabs on what he sees as failures ever since. He didn’t stop at inflation and government spending. Warsh dragged the Fed’s climate change and social inclusion campaigns into the spotlight. He pointed out how the Fed used to be part of the Network for Greening the Financial System. Warsh admitted that the Fed had finally “changed its tune” by quitting the group in January, but didn’t suggest that it made up for anything else. Powell’s days are still numbered even if Trump cools down. His term ends in May 2026. Treasury Secretary Scott Bessent said earlier this month that the White House will start hunting for a replacement this fall. Warsh is one of the frontrunners alongside Kevin Hassett, who currently leads the National Economic Council. The real stakes are about control. Trump’s anger at Powell for not slashing rates, plus hints from the White House that they might have the authority to fire the Fed boss, have ripped open fears about the central bank’s independence. That fear helped crush equities and slammed the dollar in trading. Even though Warsh said he fully supports the Fed’s “operational independence” when it comes to setting interest rates, he was clear that doesn’t mean central bankers get a free pass. “When the monetary outcomes are poor, the Fed should be subjected to serious questioning,” Warsh said. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Musk's xAI plans to raise $20 billion, which is expected to become the second largest startup financing in history On April 26, Elon Musk's xAI holding company is in talks with investors to raise about $20 billion for its newly integrated artificial intelligence startup and social media business, according to people familiar with the matter. If the deal goes through, it will be the second largest startup financing round in history, second only to OpenAI's $40 billion financing earlier this year, according to data provider PitchBook. People familiar with the matter said that the scale of this round of financing may exceed $20 billion, but the total amount has not yet been finalized and the terms may still change. This round of financing will bring the company's valuation to over $120 billion. The current financing negotiations are still in the early stages, and the company aims to complete the fundraising in the next few months. XAI Holding, announced in March this year, is a merger of the X platform (formerly Twitter) and Musk's artificial intelligence company xAI. Another person familiar with the matter said that the new funds may be used in part to repay the debt incurred when Musk took Twitter private (later renamed X). This huge financing not only highlights investors' enthusiasm for artificial intelligence companies, but also confirms Musk's status as a business tycoon and political influencer. (Golden Ten)