The most revealing image in American politics right now may be that White House state dinner. Political power, billionaire wealth, Fox News personalities and CCP officials all drinking and dining together and yucking it up while millions of Americans absorb the consequences of decisions made by people in that room.
They manufacture division for everyone else. At the top, the club looks remarkably small. They’re all having a ball.
Fox News spends all day telling you communism is evil, then Bret Baier, Laura Ingraham, and Jesse Watters put on tuxedos and attend a state dinner honoring China’s communist leader.
They are so full of shit.
@mehdirhasan Moxon captures this perfectly - she didn't just think her family were 'good', she thought they were "The Good Ones" which implies a not good Other, from whom her innocent family needed protection.
@chaosfordinner_@annia@davidsirota I worked on the Matt Gonzalez campaign - defeating Gavin 23 years ago wouldn't have stopped Newsom but it would have made him less cocky. Newsom was a creature of the Gettys and is beholden to money and always has been.
The worst part of Bonta caving on the Paramount merger is that it's a big flashing signal to every other company that there is no antitrust enforcement in America and you can bully your way into getting whatever you want. It's a monumentally bad decision.
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@Variety Techdirt has the dirt: It's run by a DC lobbying slime named Tanner Kelly who runs TK Public Affairs. But i'm sure he's just a neighbor for a strong community, right? He happens to have a UPS box for a software company in CA.
https://t.co/YNOcMmfPDa
https://t.co/07qIGvXcSW
I figured out what they are doing with the dollar. They are swapping it. Push the old one out, pull a new one in, and the new one hurts Americans and pays the elite every time it moves.
Here is how it works:
Step 1: Weaken the physical dollar abroad through Tariffs, Trade wars. Create so much friction that countries stop using the dollar in trade. They move to local currencies, gold, other systems. The dollar index drops 12.6 percent in one year. Steepest decline in thirty years. BRICS accelerates away from dollar reserves.
That part looks like incompetence but if there is one thing Scott Bessent is not, it's incompetent.
Step 2: Ban the government from making a digital dollar. Trump issued an Executive order in January 2025. No federal agency is allowed to build one, so the public option...the competition to a private one, is dead.
Step 3: Pass the GENIUS Act. The law that creates a legal framework for private companies to issue digital dollars instead. And here is the key, the law requires every stablecoin issuer to hold reserves in short-term US Treasury bills. Lutnick and Bo Hines wrote the GENIUS Act to benefit Tether.
Fun fact: Howard Lutnick's Canto Fitzgerald owns 5% of Tether and Bo Hines left shortly after the GENIUS Act was signed to be CEO of 21st Century, Canto Fitzgerald's crypto arm that Tether now owns.
That means every digital dollar that gets minted automatically creates one dollar of mandatory demand for government debt. Unlike normal investors, stablecoin issuers are price-inelastic, they buy Treasuries regardless of yield because the law says they have to. Brookings projects $2.3 trillion in captive Treasury demand by 2030.
So you push the physical dollar out and countries stop buying Treasuries. Then you pull it back in through private digital dollars that are legally required to buy Treasuries instead.
Different dollar with the same control. Except now it is not a public system, it is a private one, and the private company at the center of it takes a cut on every dollar that moves. The private company is also incorporated in the BVI's so no regulator has jurisdiction.
That company is Tether. $183 billion in dollars running through it, $13 billion in profit last year. It has never passed an audit. Co-founded by Jeffrey Epstein's crypto advisor. Reserves custodied by the Lutnick's family firm. Protected by a law that was championed from inside the White House by a man who quit one month after it passed and became the company's CEO.
Scott Bessent said that stablecoin firms could buy up to $1 trillion in government debt. The European Central Bank warned this "effectively outsources parts of the national debt to the crypto sector."
So in turn, our dollar gets weaker, our groceries cost more, our 401k buys less, and every time that happens, demand for the private digital dollar goes up. They get richer and we absorb the cost.
That is the trade, and the people who set it up are the ones collecting on both sides.
Full investigation is on my Substack. Link in bio.
If @jamestalarico wins Tarrant County by 7 points, not only does he win the state but every countywide Democrat wins. No more Tim O'Hare. No more Phil Sorrells. No more Alex Kim. No more Republican control.
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Inevitability arguments are all any of these guys have. They can’t just say “it saves money for producers and undercuts the labor power of IATSE” so it’s always agency-free “the train is coming down the tracks” teleological mysticism. But it’s you, YOURE the one driving the train
Reminded periodically that the Supreme Court has abandoned their duty as the third branch of government.
SCOTUS now just runs interference for Trump.I do not see that changing.
We still are the sovereign. They have forgotten that.
We will return to restore the American dream.
Groceries for a week in 1995: $70
Same cart today: $290
Wages up 110%. Food up 315%.
The average family now spends more on groceries than their parents spent on rent.
Every government in history that let food get this expensive learned the same lesson.
There will be riots if this doesn’t end.