The Trump admin told us they were looking to acquire Bitcoin with a "budget neutral" strategy.
Well, they may have just found one:
Engineer a short squeeze on gold, revalue the gold holdings at the peak, and buy BTC.
70% of the world's gold is refined in Switzerland.
So what happens when you slap Swiss exports with 39% tariffs, including the gold bars that New York-based Comex accepts for deliveries?
Suddenly the gold shorters in the United States have a much harder time sourcing gold to cover their positions.
Which means they need to buy existing spot or futures, driving the price higher.
An aggressive short squeeze could force gold towards $6,000 an ounce.
Which would allow the US to revalue its holdings to ~$1.5 Trillion, which would then be deposited into the US Treasury's account.
What could they buy with that $1.5 Trillion?
A ton of Bitcoin.
Are the strange 39% tariffs on Switzerland (nearly the highest in the world) a tactic to force a gold short squeeze so they can revalue their holdings and acquire a dominant BTC position?
Let's see 🍿
Personal income taxes adds up to $2.5 trillion in a year.
So to get rid of IRS, the government needs to generate $2.5 trillion in income.
Note: I'm NOT going to recommend a flat income tax or a flat sales tax. Much better... (2/17)
THE TRUTH ABOUT TARIFFS:
Many people think tariffs will cause inflation.
This is NOT TRUE.
This is not a political post at all. But I'm going to explain how tariffs work and what causes inflation (a thread):
In addition to 13 peer reviewed academic papers, there are now 8 sustainability magazines covering the fast growing story of how Bitcoin is supporting sustainable energy development and climate action. They are:
1. Renewables Now
TL;DR: Bitcoin helps green energy adoption and grid stabilization https://t.co/YFPde7sTso
2. Renewable Energy Magazine
TL;DR Bitcoin Mining is enabling Landfill Gas methane mitigated https://t.co/5IysyKbWrg
3. Anthropocene Magazine
TL;DR: Bitcoin mining could help wind and solar development https://t.co/JUWQnklNsi
4. One Green Planet
TL;DR Bitcoin mining is more sustainable than previously thought https://t.co/pLgAdl4lX4
5. Microgrid Media
TL;DR Bitcoin mining increases grid stability and helps make the grid "more efficient and less wasteful" https://t.co/s3JM3jupF7
6. The Africa Report
TL;DR: Bitcoin mining in Ethiopia has helped grow green energy expand Ethiopia's grid https://t.co/p4PRVro4iK
7. https://t.co/GPutQD82dx
TL;DR: Bitcoin mining has emerged as a promising solution for enabling
- EU to meet its green energy transition targets
- EU to meet its energy security goals
8. Recharge Magazine (3 articles) TL;DR Bitcoin is aiding the renewable transition https://t.co/Q40lpwiYnx
Bitcoin mining provides a blueprint for monetizing previously wasted renewable energy and stabilizing the grid https://t.co/odicxuGUXS
Telco giant using otherwise wasted renewable energy to mine Bitcoin https://t.co/MVEmgUnNle…
.
https://t.co/HmaxbhD62p
Covers how Bitcoin mining is the most promising solution for both - EU energy transition targets - EU energy security goals
Federal employees do not contribute to the economy, they are a burden on the economy as their wages are paid by taxing the productive economy (theft) or debt (long-term theft).
When they lose their jobs, they now have to go and produce something the economy wants, then they are contributing to the economy, reducing their burden on tax payers.
Federal roles should be kept to a minimum, providing only what the private sector can’t provide.
The US establishing a #Bitcoin Strategic Reserve, as proposed by @SenLummis, would rank among the most pivotal events in our economic history.
Empowering the people and restoring trust in our economic policies by aligning them with innovation, progress, and ethical integrity 🇺🇸
I’m gonna red pill you on how bitcoin going hit $1 Million sooner than you think with Trump & Elon.
Today FOMC, Powell said he can’t get fired, it’s illegal. However he forgotten Trump with control of both house and senate, laws can change.
https://t.co/pS25F6HDSZ
So how all of this going to play out?
For the young crypto strawberry gen z, you may not know this legend, so let me educate you.
His name is Ron Paul. He was way ahead of his time and he saw all this shit coming. People laughed at him.
https://t.co/NHbwJgG4PC
In 2012, he almost abolished the Federal reserve, but blocked by the senate.
Back to the present. Ron Paul have agreed the work with Trump and Elon.
If you take a look at Ron Paul’s solution:
https://t.co/uMJrgZ57o3
He wants to go back to the gold standard. Guess what is digital gold? IT’S BITCOIN
With a senate that’s crypto friendly outnumbering 3 to 1
Connect the dots. Thanks for coming to my ted talk.