Mark Thornhill (hasn’t forgotten Ukraine🇺🇦)

Making the best of St. Louis. Inveterate omphaloskeptic.

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@stltoday Yet another match preview the day after. Do better, @stltoday!

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@stltoday I guess if I had billions I’d think people cared what I thought too. Or, I wouldn’t care what they thought, because I’d have my billions.

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@RaeComm Nice job on the call Derek!

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@HQNewsNow

[Headquarters @HQNewsNow]

Trump has just imposed a 100% tariff on drones made outside the US.

His sons Don Jr. and Eric are coincidentally both in business with drone manufacturers in the US.

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@HQNewsNow Says the guy whose career is flying around in private jets saying stupid shit.

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@Drink314 FWIW: Märzen, umlauts notwithstanding.

[Headquarters @HQNewsNow]

The national average price of diesel has skyrocketed to $5.82 per gallon.

This sets a new record for the most expensive price of all time.

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@reclinernotes Tweedy is a badass.

[Headquarters @HQNewsNow]

House Republicans have canceled their votes for the last 2 weeks of the working session ahead of the midterms.

They will leave DC on September 17th and not return until mid-November.

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@NewsHour What they need is a gold fat guy on a horse.

[Headquarters @HQNewsNow]

Trump has spent nearly a quarter of his presidency golfing so far, costing taxpayers over $184,000,000 btw

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@FoodPedaler Delighted to see no one parked in the bike lane!

[Molly Ploofkins @Mollyploofkins]

Fixed it.

[KMOV @KMOV]

While the nation mourns the loss of Dolly Parton, Missouri parents are bracing for the devastating possibility that her legendary free book program could soon vanish from their mailboxes. https://t.co/OmO7HEXS1l

[theleahfiles @leahfiles]

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.

[Boston Smalls @smalls2672]

Man, I'll tell ya, those farmers.... Those farmers had it so good... USAID, SNAP, cheap labor and fertilizer, great trade deals and they voted it all away...

And for what? Just to be racist.

You can either own the libs or you can own your farm.

But apparently you can't own both.

All those "liberal/commie policies" they pretended to hate was actually what made them so prosperous and were among the biggest beneficiaries in the country of said policies.

But they threw it all away for an 80 year old racist pedo.

Excellent job farmers. You sure did show us. Man, I feel so owned.

[Acyn @Acyn]

Darline Graham: Government run health care…. bad idea after bad idea. Annie Andrews backs it all. I have a different background. My parents worked long, hard hours. If that were sick, they had to get up and go to work. My mother passed away when I was 11 and my father just over a year later.

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@kodacohen @stltoday This happens way too often.

[Mark Thornhill (hasn’t forgotten Ukraine🇺🇦) @methornhill]

@tomtimm He’ll still get a yellow somehow.