Davis McConnico

[theleahfiles @leahfiles]

If I were president and I wanted to tank the dollar and get rich off it, here is exactly what I would do.

I would hire a Treasury Secretary who already made $3.5 billion crashing another country's currency. I would put my guy in charge of the agency that approves bank charters. I would install a crypto czar with $200M in crypto holdings and give him an ethics waiver so nobody could challenge it.

Then I would sign an executive order banning the government from ever creating a digital dollar so there was no competition.

Then I would have my family launch their own private digital dollar. My family takes 75% of net profits. I would grow it to $4.6 billion in circulation and route a $2 billion Abu Dhabi sovereign fund deal through it to prove it works.

Then I would get Congress to pass a law requiring every stablecoin in the country to hold short-term Treasury bills. Now every dollar of my digital currency is a forced buyer of government debt. Brookings projects $2.3 trillion in captive demand by 2030.

Then I would have my OCC guy grant my family's company a federal bank charter. Now I can issue my digital dollar with federal authority.

Then I would have my Treasury Secretary weaken the actual dollar. Bond buybacks that suppress yields but tank the currency. Build a $950 billion war chest for more. Let the debt hit $40 trillion. Dollar index drops to 99. Gold goes to highest point ever.

Then I would kill the Corporate Transparency Act and delete the FinCEN beneficial ownership database. That was the one law that required every shell company in America to report who actually owns it. Without it, nobody can trace who is buying my stablecoin, who is routing money through it, or where the profits land.

Then I would let the loop run. Weaker dollar drives demand for "stable" digital alternatives. The law I passed forces those alternatives to buy T-bills. That funds the government's debt. My family takes profit on every transaction. Foreign central banks walking away from Treasuries get replaced by legally mandated stablecoin reserves my family controls.

Then I would use sanctions to start cutting countries off from the dollar system entirely. And when those countries need a new way to transact in dollars, the only federally chartered private digital dollar in existence is mine. They can buy it through shell companies nobody can trace because I deleted the ownership database.

I just built a toll booth on the global financial system. I take a cut every time someone uses the dollar. And I made it so nobody can see who is paying.

And every single step I just described has already happened.

So what does that mean for you and I?

The reason the United States can borrow at low rates and keep your mortgage and your car payment and your import prices stable is because foreign central banks hold trillions in dollar reserves. That system has always been public. The benefit went to everyone. Lower borrowing costs, cheaper goods , and the single biggest economic advantage any country has ever had.

What I just described is the privatization of that function. The entity buying the debt is no longer a central bank acting in the public interest. It is a private company taking 75% of net profits for one family. The reserve function used to generate a public benefit. Now it generates a private fee.

Your purchasing power shrinks every time the dollar weakens. Your 401k buys less in real terms. Everything you import costs more. And every time the dollar drops, demand for the private digital alternative goes up. The one the president's family owns. The one that by law must buy government debt.

You absorb the cost of a weakening dollar. His family collects the profit. That is the trade.

The enforcement mechanism to stop a sitting president from doing this? There isn't one. Former White House ethics lawyer Richard Painter says it would be a violation for literally any other federal employee, but not the president.

Nobody voted for this. No one was asked. There was no debate. There is no enforcement mechanism. There is no one investigating it. The Senate tried and it was blocked.

This is the largest conflict of interest in American history happening in broad daylight while everyone argues about something else.

So what do you do? Share this. Make it impossible to ignore. Send it to your representative, your senator, every journalist you follow. We make them answer for it.
Because the only thing protecting this scheme right now is the fact that not enough people understand it yet.

[Jessica Riedl 🧀 🇺🇦 @JessicaBRiedl]

You really have to credit these hosts. Every day, perfectly parroting every White House talking point with no regard to accuracy, coherence, or intellectual consistency. The utter shamelessness is almost to be admired. Almost.

[Jonny Miller @jonnym1ller]

This is spectacular

[Larry LeClair @LeclairLar]

@ischinger Bridge's screed reminds me of a patronizing spouse smugly pointing out their partners many silly flaws, explaining how indispensible they are - while their partner packs their bags and calls a cab.

[Jay Nordlinger @jaynordlinger]

I often think of a phrase from Robert Graves: "despite and still." The full line goes, "To love despite and still." This line came to my thought today. Happy birthday, my fellow Americans.

[Garry Kasparov @Kasparov63]

Destroying confidence in the electoral system and other pillars of democracy (media, courts) is their goal, it’s not just pathetic whining. Then they use that lack of confidence to push strongman powers, restrictive voter suppression laws, and other crackdowns.

[Davis McConnico @DavisMcConnico]

@tedlieu @Mollyploofkins @grok Thanks Ted. Block for Molly.

[Dain Little @CDoombeard]

The most Japanese man encounters the most American situation, and writes of his experience in the most elegant way I have ever seen

I am inspired. I wish I could have written this, but this man writes better truth than I could have written as fiction.

Thank you, Nobunaga-san.

[Billy Morgan @BillyMorganIL]

Don’t care what @ChrisCillizza thinks: @60Minutes is a gold standard of integrity & real journalism. Even the irreplaceable Andy Rooney spoke truth to power. Getting rid of Pelley in this moment in American history is capitulation, even if by the useful idiocy of @nickbilton.

[Davis McConnico @DavisMcConnico]

Kaitlyn Collins is an old school straight reporter. Objective, factual, cool, calm. One of the best in the business.

[Davis McConnico @DavisMcConnico]

@Acyn Ad Hominem attacks are the refuge of a scoundrel.

[Daniel Dale @ddale8]

There’s so much going on that it’s easy to overlook the fact that the president is telling so many lies.

Here’s a fact check of 28 different false claims President Donald Trump made from Monday through Friday. https://t.co/K0hfbxA7TS

[Jack West @disc0triscuit]

@RaminNasibov The last samurai existed into the 1870s, Lincoln was assassinated in 1865, and early fax technology (the "printing telegraph") was patented in 1843. This creates a 22-year window (1843–1865) where President Lincoln could have received a fax from a samurai.

[Davis McConnico @DavisMcConnico]

@narendramodi World nation Leaders meeting, getting to know each other, being friendly, forming alliances, cooperating, building mutual trade relations. You know, what world leaders and states persons, ah, ahem, do.

[😎 Alberto @alberto_tech1]

Unpopular opinion: Tai Lopez actually has some of the best life advice on the internet

[MC Squared @mcsquared34]

Leaked Epstein suicide note

[The Resonance @Partisan_12]

BREAKING: 🚨🇮🇱🇮🇷 Archaeologists in the Holy Land just uncovered a 3,000-year-old Israelite tablet…

It reads: “Iran is 12 days away from developing a nuclear weapon.���

[FakaktaSouth @FakaktaSouth]

I have trump fatigue syndrome, and I admit it, I am a TFS sufferer—and I mean I suuuufffer. That man’s voice, his face, his gigantic ass, it has all become a Pavlovian torture system, and just the IDEA of it ever, possibly, mercifully being over, is all that keeps me going.

[Gerard Baker @gerardtbaker]

You sound surprised.

[Anthony Scaramucci @Scaramucci]

We are ALL FAILING this country.

Donald Trump needs to be removed from office.

He should have been removed before the war started. He is mentally unwell.

Forget the Jesus pictures. Forget the Pope. We can go through hundreds of examples.

The sane washing — pretending this is normal — that's just the surface problem.

The real problem is that we have willing accomplices.

What we have in America right now is a complete failure of political elites to execute on the constitutional system that was built specifically for this moment.

We are all accomplices to this man's reckless behavior.

-Every senator who stays quiet.
-Every executive who writes the check.
-Every commentator who normalizes it.

He needs to be removed from office and he won't be.