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My B.A. is in Sociology, yet I never took any COVID vaccines! 
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Just finished!
I loved this pithy message to the DNC.
Message to the DNC: Let me be clear. I am talking to the political machine, not the voters. The Machine needs to be razed and rebuilt from scratch. In 2016, Trump showed you he was a human wood chipper. You jailed his inner circle, jailed his supporters by the hundreds, and, when that failed, you tried to kill him. I don’t think you could have possibly anticipated Trump’s antifragility. Trump 2.0 is not the same man you opposed in 2016. You failed to take Trump seriously but not literally yet again.
I vacillate between thinking there’s a larger and more sophisticated plot running and that there’s no plot running at all, and everything we see is the sad outcome of poorly developed adults randomly self-maximizing.
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He has such old ties to so many career politicians.
It’s hard not to harbor suspicion.
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As a campaign pledge, Trump promised to be crypto friendly. For those of us who are not already heavily invested in crypto, the US government taking a laissez-faire approach to crypto speculation, at this late juncture, would be both grossly unfair, encourage further Banksterism (let’s not kid ourselves about what parties own most of the existing crypto), and do little or nothing to address the underlying, inevitable, disasterous popping of the greatest Ponzi scheme (deliberate criminal fraud) in all of human history.
Instead, it occurred to me that the US government could – and should – issue its OWN US dollar crypto coin, using all the existing features and privacies of the existing Bitcoin code. This could be rolled out in a manner which would be far more equitable to the average American and significantly boost the US economy, even as it helped cushion the collapse of the existent paper dollar “Federal Reserve” Ponzi collapse. To achieve this effect, to have it be equitable – or actually a net boon to all Americans (except the Banksters, speculators, and psychopaths) – would require the proper strategy. But I believe the strategy is actually straight forward. I would appreciate the community assessing my logic, looking for any weaknesses.
The core idea is that
(1) this US dollar replacement (because that is what it would become, almost instantly) must preserve, in its essence, all the privacy protections, and barriers to additional issuance, of the existing Bitcoin.
(2) In addition, of course, the US government needs to officially recognize its new US crypto (let’s call it “U$Coin” for this discussion) as “legal tender” with NO taxes due on U$Coin appreciation (just as there used to be none on US gold coins). This second provision would make the U$Coin, instantly, massively advantaged over all other crypto coins, which are – and should remain – absolutely subject to Capital Gains taxes.
(3) The initial “mining” of U$Coin should be reserved 100% to the US government. Let’s say the first 20 Trillion of U$Coin is done exclusively by the US Government for exclusive initial use by the US Government, to smooth the transition to the new currency system (because that is what it would become). Again, as with BitCoin, the first $20 Trillion would be the relatively low cost U$Coin to produce. Somewhere along the way, the cost of “mining” more coin becomes prohibitive.
(4) every American citizen, should be issued a coin or three, equally – or, at least equitably, disbursed. Call it a “birthright” for being a good citizen. This would make acceptance by the 99% of the population agreeable. It would not, of course, please the existing Banksters, Plutocrats, Gamblers, and Psychopaths too much. But better equity than a noose, I say.
(5) The US government should establish a high base value of the coin which has now been issued equally/equitably to all US citizens. How might this be accomplished? Maybe establish that One U$Coin is sufficient to pay $10,000 in taxes. You, as the owner, can use it to pay your own taxes. Or you may sell it to the “free market” for someone else to use it for paying taxes.
Okay, well that is the base of the concept. I want to point out that in order for this to work, the US government role needs to be transparent and firmly governed by “Rule of Law,” including full privacy and inability of the government – or anyone else – to counterfeit any additional U$Coin to attempt to continue deficit spending and other Ponzi finance tricks. You could think of this as a very low cost and, probably, even safer alternative to the US attempting to go back to something like a “Gold Standard” (which had its own problems).
I will likely discuss more benefits, and attempt to address any concerns, in followup posts. Right now I wanted to just get the basic idea out there for the Community to ponder.
The main objection to this “modest proposal” I have gotten so far is: “The US government would never agree to such a scheme!” The answer, of course, is that a corrupt government, with its existent Bankster class, will never be to keen to place limits on its own power and ability to skim profits. But, more than a few people are now becoming aware that the US debt will never be repaid, that it is all a fraud, and – most important of all realizations – that the last 100+ years of Bankster Ponzi is coming to a close, very soon now, like it or not.
So, the decision to re-invent the dollar under controlled and minimally destructive /mutually US beneficial conditions is, actually, perhaps, the only sane choice. If the US. government were to do something like what I have described, the transition to a stable (or appreciating) U$Coin system could be peaceful and usher in a huge boom in the US economy and – quite possibly – allow the US to retain its prestige and the U$Coin to quite possibly become the new, or one of the new, Reserve Currencies.
So, I look forward to your comments. And maybe suggestions for improving the original framework. Then, of course, we would need to spread the idea through the right channels. Last point, which I am not going to cover in this simple explication, the US monetary has actually collapsed, or been hot-swapped out, before collapse, many times in US history. Something like this sort of re-boot of the monetary system is coming soon, anyway. The only real question – for people of wisdom and good will – is whether this time we will attempt to intelligently manage the process, or allow the current Ponzi to run until it becomes a Weimar-meets-WW4 moment. Think carefully. Choose different.
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It is a sophisticated plot, Chris. Far too many globally-syncopated “coincidences” for it to be anything else. The fingerprints of China, or China-plus-Banksters, is all over the landscape. The inevitable course of hegemony, Ponzi finance, and Dark Triad “geopolitics” is more certain than most science. It has always been just an issue of when, and how, to handle the transition.
But I do think they misjudged. A lot. Morlocks aren’t particularly smart. And I think they maybe miscalculated the number, and resourcefulness, of Time Travellers vs Eloi.
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Stupid fuckers are trying the same shit again…
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If I were a Bitcoin maxi, I’d be livid at the antics of Michael Saylor, not appreciative.
First, he comes off a bit untrustworthy to me…and he’s definitely in sales mode all the time.
Second, his strategy is great on the way up, but will be highly destructive on the way down. Has that process started?
It sure looks that way: Bitcoin’s price in the white line, Microstrategy (MSTR) in the red and green bars, but mostly red.
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Another compelling Dave Collum read. As in Part 1, I read Part II in one sitting, allowing for a few potty breaks and more than one glass of chardonnay. I wish we could install Dave Collum in a major decision-making position in our federal government.
Barry
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TBH, I’m not a Saylor maxi altho I am probably a btc maxi in many eyes. But I don’t know why I should be livid at Saylor. He is a salesman; he might be a grifter. That’s yet to be decided. But I don’t think his fortunes are going to make the difference in bitcoin’s fortunes. BTC will survive Saylor as it survived FTX. And Mt. Gox before it.
Short term price reversals are also typical of btc bull runs. It’s not over yet. This cycle’s high will come summer-fall. What will be interesting this time around is whether we’ll see the typical 60-80% retracement following the cyclical bull run we’re now going into. I’m expecting we won’t go so deep because of the institutions coming online this year and on into the future. But time will tell. I find it interesting to watch - I’ve got my popcorn at the ready.
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So a Tesla CyberTruck blows up in front of a Trump Hotel in Vegas. Gotta love ZeroHedge’s caption “What are the odds?” 
Elon Musk and his team reported that the truck did have explosives that went off. Funny that Martin Armstrong has been nervously saying that Trump making it to Inauguration Day is not a sure thing. The Bad Actor/Deep State don’t give a shit about the people in this country. All they care about is preserving power.
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Well, according to the abstract narrative, wouldn’t they believe they designed and developed the greatest way to self-actualize? After all, J6 was worse than the Civil War, men can get pregnant, Save Our Democracy in Ukraine, the pipe bomber will always be unknown, praying at abortion clinics is terrorism, love is love, the professor and Maryann blew up Nordstream (on a 3 hour tour, a 3 hour tour), our strength is our diversity, printing currency is “investing in our future,” etc, will always be their “truth.” Sadly, most of the GOP buys into it as well because raising the debt ceiling and adding 1.5 trillion to the debt is now MAGA along with Mike Johnson.
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I feel the same way. Was Trump allowed to win?
There would be a solid logic to that. Team Biden left the country with the most catastrophic mess of my lifetime. Maybe the worst in American history.
So why not hand that off to Trump and then blame the ensuing chaos on him?
On the other hand that theory assumes that the DNC is self-reflective and intelligent. Nothing I have seen gives any indication of that. They seem like a bunch of self absorbed, tinhorn opportunists.
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Reading some of the comments, Bitcoin really is the new Tulip.
So, what happens to an investment in Bitcoin when some better technology comes along?
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If an average person is is who he/she is, then 50% are worse and 50% are better. The question is how much lower, by any measure, is the average person today than he/she was 100 years ago? Clearly we are more “wealthy” in sum, but what of our education and character?
I fall in the camp that says soft times make for soft people. Wealth begets sloth and hedonism. Every city state, every empire that became rich lost itself to corruption born of its own wealth.
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I’m of the belief of two things regarding the United States.
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Every Empire in recorded human history has collapsed (Fact). It usually happens from within. Empires are much like every living thing on this planet. They are born, they grow, they mature, they decline, they die. The US will not buck that trend, no matter how their people try to keep the walls from crashing down. If the US were a Cancer patient it would be at Stage 4.
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The US is self immolating itself, which is what happens to Empires. It becomes apparent when an Empire is approaching its death. It begins to bully and threaten its neighbors. The founding fathers many decades ago warned us against foreign entanglements and here we are, setting up shop and destabilizing Nations around the world to keep the Empire going. Divide and Conquer !
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“We” might be fatigued with anything Covid, but, the actions of governments, employers and health authorities have still not been dealt with.
There are many still suffering and dealing with personal health and legal issues as a result. The legal system is painfully slow, and even worse in Canadastan.
My general thought is that it will be dealt with here much like the Tainted Blood scandal of the 90s. The Covidiocy will be dealt with when 20 years go by. All the players will have moved on, and “society” will be blamed, with token financial gestures given to those affected, long after the evil has been perpetrated.
These were, and are, crimes against humanity, but apparently killing by government for any purpose, is AOK in this new age. T used to be just war, but we are way beyond that now.
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Yes now you could teach Sociology in a way that really matters.
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