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.
@Thedukeisking@CharlieSokaitis@9NEWS@KyleClark I call BS, u were trying to mock Kyle for being partisan. It backfired in your face. If u want to talk about Campaign finance violations, ask Victor Marx!
January: Trump’s account buys $1–5 million of Nvidia in a single trade.
April: He bans Nvidia from selling its chips to China. The stock craters, Nvidia takes a $4.5 billion write-down.
Through the spring: his accounts keep buying the dip, over a dozen Nvidia purchases.
August: He reverses his own ban. Nvidia can sell to China again, if it pays the U.S. government 15% of the revenue. A deal he cut personally.
August 18: his account buys $5–25 million of Nvidia, the single biggest stock purchase of his entire year.
December: He greenlights the even more powerful H200 chips for China, now at a 25% cut.
The President banned the stock, bought the crash, un-banned the stock, then made his biggest purchase of the year.
He controls the switch. He owns the stock. He flips the switch.
@atrupar They broke down and floated into Iranian waters during the Obama presidency. They were released days later because we had good diplomacy then. Stupid point for kegsbreath to bring up.
If there's one thing Americans can agree on, it's that there's too much money in politics.
But the Supreme Court just decided to demolish some of the last safeguards we had left - creating an even bigger role for special interest spending.
We must do whatever it takes - including a constitutional amendment if necessary - to combat the influence of money in our political system.
@atrupar I have 5 nieces and nephews that were in school during covid. All are well adjusted to life after, productive members of society and much smarter then Comer!
This is so insanely corrupt, I can’t even believe it.
More than half the donors to Trump’s $400 million White House ballroom just won over $50 billion in new federal contracts in six months.
And here’s the part that should make your blood boil.
Sixteen of these 27 donors were facing federal enforcement actions, antitrust reviews, labor cases, securities charges. Many of those cases have been quietly dropped or scaled back since Trump took office. You write a check, your legal problems disappear. That’s not a coincidence.
The White House won’t even release the full donor list. They’re hiding it on purpose, because daylight is the one thing pay-to-play can’t survive. A federal judge already ruled ballroom construction has to stop until Congress authorizes it.
Government is supposed to serve the people, not auction itself off to the highest bidder. When access goes to whoever pays the most, working families always end up paying the price.
We either end the corruption, or the corruption will end us.
https://t.co/4MGFzSseFl
@MigrantLaborer@KyleClark We have all the data. It was 60 yrs ago! Aren't you doing the same thing, ignoring the bad from the 1960s in your positive regard of the decade.
@MigrantLaborer@KyleClark But thats what you are doing. Ignoring the bad facts and saying the 60s was all peace and love. I chose to learn from the past and be better. I think thats Kyle's point.
@MigrantLaborer@KyleClark Life threatening smog from vehical emissions, no seat belts, 42% of Americans smoked including in schools, toys and paint contained dangerously high levels of lead, high numbers of domestic violence.
@MigrantLaborer@KyleClark The Vietnam War, The Cuban missile crisis, The Berlin Wall, Mao launched his socio-political purge, The assassination of 2 Kennedys, Dr King and Malcom X, race riots in LA and Detroit, US soldiers killing 500 in the My Lai massacre, Heavy reliance on DDT.
I’m over here recycling toilet paper roll cores, using my own bags, not running the water when I brush my teeth, while billionaires are blowing up rockets and building water-polluting data centers. It’s hard not to be discouraged.
They loved Marjorie Taylor Greene, now they hate her.
They loved Thomas Massie, now they hate him.
They loved Lauren Boebert, now they hate her.
They made fun of Biden for nodding off ("Sleepy Joe), now they ignore Trump outright falling asleep.
They put "I Did That" Biden stickers on high gas prices, now they ignore gas prices being even higher.
They bragged about Trump being the no wars President, now they support war.
They bashed Biden for sending money to Ukraine, now they ignore Trump sending money to both Ukraine and Israel.
They demanded the Epstein files, now they bash anyone asking for the Epstein files.
To be a MAGA is to be a slave.
Not physically, but mentally.
They stand for nothing.
We're up against people who stand for nothing.
And with the most misplaced confidence you've ever seen, they try to tell us whats-what.
We shouldn't even acknowledge these people.
The Trump supporters that remain are mentally too far gone.
I don't even want to argue with them anymore.