With the @UNEP concluding that the world will exceed a dangerous threshold of warming in the next few years, we have a clear existential case for climate action — and we also have an economic one 👇
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.
Trump-endorsed Senator Darline Graham’s answer to whether Taiwan and the South China Sea are national security threats to the United States:
“I’m just going to be honest here. I’m … not that informed on national security, so — but I do support the military.
“I’m not a polished politician up here. National security is not my thing, not my area of expertise, but I do support the military.”
If all income in excess of $400,000 were subject to the Social Security payroll tax, Social Security’s solvency would be guaranteed forever. We could also expand Social Security benefits.
There’s no reason even to consider reducing Social Security benefits or raising the age of eligibility.
I’m sorry if you’re a Republican and don’t want to hear this but the National Debt is $3.6 Trillion higher than when Trump took office 18 months ago. Here’s the 90 second speech I gave the night they passed the Big Bankruptcy Bill.
Six years after his passing, I still feel the absence of my beloved Uncle John.
He devoted his life to opening doors that had been closed, defending the right to vote, and encouraging generations to confront injustice with courage. His leadership was grounded in sacrifice, service, faith, and a disciplined commitment to nonviolence.
Today, honor Congressman John Lewis by carrying forward the work he advanced. Make good trouble. Protect the right to vote. Help build a democracy that respects the dignity and voice of every person.
#JohnLewis #GoodTrouble #VotingRights #Nonviolence365 #MLK
THOMAS MASSIE: “It’s ironic that we control the House, Senate, Supreme Court, & the White House -- and we're yelling 'election fraud'? We won all the damn elections.
What are we doing with that? We’re bankrupting the country. We’re starting new wars. We’re violating the Constitution. We’re not cracking down on the fraud. The problem is not the elections. We won the damn elections. The problem is that we’re wasting the opportunity voters gave us."
When I heard about Senator Graham’s death last night, the first thing I thought about was not all the things he said and did in service of Donald Trump. I thought of the time before Donald Trump when he was a brother to Senator John McCain.
A time when senators from different parties could fight about politics and still be friends. A time when a conservative Republican from South Carolina could say of my father: “If you can’t admire Joe Biden as a person, you’ve got a problem. He’s the nicest person I’ve ever met in politics. As good a man as God ever created.”
That is the Senator Graham I will remember today. Not because I have forgotten what came after. Because in that memory there is hope. Hope for a country where brothers can fight like hell over policy and still share a meal, and a laugh, and the loss of the people they love.
I will choose to remember the time before Trump. Because I believe in an America after Trump.
Because Trump says everything is back to normal on the oil front does not make it so.
Mr Global hits the nail on the head here. Behind the false narrative to cover up Trump’s illegal market manipulation there is an economic structural cost when institutional investors walk away.
Trump’s market persistent manipulation of the markets cost YOU and he and his friends were the beneficiaries at YOUR expense.
My thanks to Mr Global for the clip
🎥 TikTok - https://t.co/TpCrf62Ozf
Trump’s net worth has nearly tripled in his second term, reaching $6.5 billion.
His administration is the most brazenly self-enriching in American history.
📸: @MSNOWNews@Morning_Joe