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.
@billmaher The right-wing Israeli gov't, controlled by Netanyahu, has destroyed homes & murdered citizens, including children, of Gaza - not Jews around the world, or one from Atlanta, GA.
Scott Bessent looks to be intentionally crashing the $.
I studied currency collapses and found that there were 7 indicators that preceded every major currency collapse in modern history.
I then measured the US dollar against those 7.
And as of right now, based on what Scott Bessent did last week, we have hit all 7 indicators.
No country in modern history has met all 7 and avoided a currency collapse. None.
And this doesn't look to be happening to us, it looks to be being done to us, by the people who swore an oath to prevent it. And they are getting rich while they do it.
Full article is up on Substack now (link in bio and it's free). I also give the things I am eyeing to hedge it and what we can do to fight it.
When the illusion finally shatters, what remains isn't disappointment,it's humiliation.
The man you poured your faith into was never a visionary, never a savior, never even remotely exceptional.
He was a hollow fraud wrapped in ego, fueled by noise, and sustained by endless self-promotion.
Every boast, every grand promise, every display of swagger crumbles the instant reality enters the room.
What looked like confidence was arrogance.
What looked like strength was insecurity.
What looked like leadership was little more than a carefully marketed illusion.
Scratch beneath the surface and there's no hidden brilliance, no master strategist, no misunderstood genius. Just an impulsive, self-absorbed figure stumbling from one failure to the next, desperately trying to drown incompetence in a torrent of bluster and spectacle.
In the end, the strongman image collapses into exactly what it always was: cheap theater.
-A gaudy performance.
-A caricature masquerading as leadership.
-A salesman peddling an image he could never live up to.
And the hardest part isn't watching the act fall apart.
It's realizing how long you applauded it, defended it, and mistook obvious bullshit for substance...
I’m happy to share this because I don’t care what side of the aisle you sit on, this is a fact.
Speaker Mike Johnson this is for you.
Concerning Social Security payments, my contributions were made for over 50 years on every salary I received. From my first part time job until I retired. I always had a job.
The Social Security check is now (or soon will be) referred to as a "Federal Benefit Payment?" I'll be part of the one percent to forward this.I am forwarding it because it touches a nerve in me, and I hope it will in you. Please keep passing it on until everyone in our country has read it.
The government is now referring to our Social Security checks as a "Federal Benefit Payment." This isn't a benefit. It is our money paid out of our earned income! Not only did we all contribute to Social Security but our employers did too.
It totaled 15% of our income before taxes.
Congress took our money and used it elsewhere. They forgot (oh yes, they knew) that it was OUR money they were taking.
They didn't have a referendum to ask us if we wanted to lend the money to them. And they didn't pay interest on the debt they assumed. And recently they've told us that the money won't support us for very much longer. And now, to add insult to injury, they're calling it a "benefit", as if we never worked to earn every penny of it.
Just because they borrowed the money doesn't mean that our investments were a charity!
Let's take a stand. We have earned our right to Social Security and Medicare. Demand that our legislators bring some sense into our government.
Find a way to keep Social Security and Medicare going for the sake of that 92% of our population who need it. Then call it what it is: Our Earned Retirement Income.
99% of people won't forward this to their timelines…..will you?
Please, for the sake of our country, repost this.
NATIONAL CATTLEMEN'S ASSOCIATION:
".. NCBA is disappointed by the President’s statement. ..
.. flooding the market with government-subsidized, below-market beef is not the way to rebuild the American cattle herd."
https://t.co/b9sQfAmSOq
There is something deeply funny about billionaires convincing a man making $52,000 a year that the greatest threat to his freedom is another worker making $14 an hour who speaks Spanish.
Brother.
The immigrant didn't outsource your job.
The immigrant didn't buy your hospital.
The immigrant didn't raise your rent.
The immigrant didn't eliminate your pension.
You are being pickpocketed while somebody points dramatically at the guy standing next to you.
Trump promised to balance the budget.
Musk projected $2 trillion in savings.
This year, the deficit grew by 18% — with $200 billion of that due to refunds of his illegal tariffs.
My @nytopinion Chart