When Barack Hussein Obama said, “Don’t underestimate Joe’s ability to fuck things up,” it was not a warning; it was a guarantee. Likewise, when former DOD chief Robert Gates said Biden has “been wrong on nearly every major foreign policy and national security issue over the past four decades,” this was not a criticism but a selling point. If you want America to fail, there was no better man to endorse for president in 2020. Cackling Kamala was the best woman for the job.
Barry should be in jail. No way he should be a multi-millionaire on public service jobs and ghost written books. His entire life is a mystery. Why? Read Jack Cashill's Deconstructing Obama.
Rush Limbaugh declared "The United States of America is a true miracle." Its probably going to take another miracle to keep it.
The founders were God fearing men with morals and scruples. We're looking more like Sodom and Gomorrah these days. I'm supposed to be enjoying my "Golden Years" not worrying about the demise of our great nation.
Who are they going to steal from when we're all broke and can't pay taxes?
Agree 100% on McCarthy. History has been so dishonest about him - and I even hear many conservatives misuse him as an example of evil censorship. Idiots all.
Two things happened here: The first is time. Nations rise and fall. Of course, ours did it at warp speed. We're overachievers that way.
The second is that a democracy requires an involved, educated (in the purest, best sense of the word) public to survive. Our public is neither, and that is by design. That way, the elites can gut the country of its riches and resources and move on like the parasites that they are. But our public *chose* to be complacent. We didn't have to be that way.
Of course, the real tragedy is that if there was one system that could have kept leadership in check, it was ours. And our citizens just let it all slip through their fingers worrying about which side of the uniparty was the least bad rather than ridding themselves of the uniparty.
Yes, it's an exhausting news day. But don't feel too bad about your "stupid" citizens. We've got plenty of them in Canada who are only too happy to get in bed with the government so that they are looked after. Warm, cozy and dumb.
"The second is that a democracy requires an involved, educated (in the purest, best sense of the word) public to survive. Our public is neither, and that is by design."
Nailed it!
The only hair I would split is that it is a republic - not a democacy (mob rule cloaked in parliamentary procedure) - that needs an educated and engaged populace.
Gutting Civics classes from curricula across the nation was likely the most destructive act - a stroke of evil genius.
The distinction is important (republic/representative democracy vs straight democracy). Either way, though, you're right about the civics class part.
I suspect this is why they are putting the final nail in the coffin of traditional education. If people can read, do math, and have a basic understanding of science and logic, they are dangerous. So they'd rather teach them about "gender theory" and the 1619 Project.
I notice how Biden and the Ds are now saying "our democracy" and rarely if ever mention constitutional republic. I think there's a reason for that and it's only to destroy.
It's psychology, and it comes down to the difference between a republic with a decentralized system of governance with weak federal powers (which is what we started out and the only thing that will save us) and a straight democracy where state governments (and therefore state residents) have little autonomy from the federal system and therefore are even further removed from the people who "represent" them and make the decisions that affect their everyday lives.
And the "our" is interesting. It's a pronoun with a very definite antecedent, and that antecedent is not "American citizens." The "our" in "our democracy" is the elite and the entrenched bureaucracy. It's their version of "democracy" that they want to protect.
"If you want to know why Obama and Gates fear President Trump, it is the threat to BRICS he posed and still poses. The supporters of a weak America know is better to have an incompetent and a crook in charge. With Biden, they have both."
That is why the deep state will manufacture more bogus ballots than there are eligible voters to make sure Wilhelm's installation is not interrupted.
This is nothing more than the culmination of years of elite capture by Red China. As I ask myself why in the hell is there no difference between the DNC and RNC, is cause they've all been bought! We as a people are to blame, Einsteins definition of insanity, doing the same thing over and over again and expecting a different result. Anyone with a modicum of intelligence should be able to connect the dots, Bidens been lying for his entirety of his so called public service, paid millions of dollars, honestly the man cannot put one comprehensive sentence together to not only save his life, more importantly OURS. Sound as a pound, was Great Britains slogan when they were the worlds currency, now it's our turn. Yeah another gigantic shit sandwich, EVERYONE is gonna have to take a bite! If you look at the current state of affairs, trans crap, devaluation of the dollar, baskets and boxes full of documents he had NO right to have as a senator or a VP, His sons laptop, MSM and big tech carrying his water, inflation, illegal immigration, porous borders, inflation thats transitory?, third world shit such as putting your political opponent on trial. It's always pussy or money now both. Are you pissing down my back or is it raining? I've never seen so many do so few. Rome isn't burning, it's burnt, yes they shall rule over the ashes....Ammo up
Short answer to voting your way out of this is: No. You couldn't vote your way out of it if you wanted to because of the cheating that goes on. You are in a quiet or cold revolution now. It's not yet clear where this is going or how it's going to end.
Exactly Lu. And it ain’t lookin’ good either. I’m going to guess that most of the people on here are at least 60 and more like 65, Not exactly the age group to confront a well armed (if somewhat sissified) militarized collection of 3 letter agencies.
I will ask this question again: What does it take to put anyone associated with the Biden/Harris regime before a military tribunal and firing squad-for the good of the United States and the world..?
military got hollowed out thanks to Slick Willy's monstrously evil "don't ask" policy. can't expect them to do the right thing except perhaps by accident.
A revolution reminiscent of the one in Russia in 1917, or the one in France in 1789, followed by a complete breakdown of all social order, with restoration effected by true patriots.
If we're fortunate, the modern-day Romanovs and their courtiers will be able to run but not hide.
My preference is for hanging, such as was done to several Sioux indians in my hometown in 1862:
I didn't say they would start a war with us, but that Biden would start a war with. To the idiot liberal mind (being so very short sighted), that would be the fastest out of the depression that we are certainly headed towards.
The BRICS nations, or Global South, comprise nations which have strong extractive industries/ natural resources and manufacturing of real goods versus the financialized, manipulated service economies of the West. The decline and fall of the West has been the doing of corrupt insular elites who print money we don’t have to support luxurious social engineering programs that never work, while destroying real components of a functional economy, to the point that now we don’t make anything or extract as much as we could because it interferes with their unrealistic social ideas. It’s easier to make more money arbitraging labor costs than hiring Americans and making things here. So they ship jobs to China. Or they bring in illegals to do manual labor or give H1 visas to Indians to work in tech at a discount. And the closer an insider is to the money printing press
And politicians, the more they can skim. So they get rich off their bad ideas. So we have a trillion dollar defense budget, but a military that’s not equipped to win wars. We throw all kinds of money at poor people, and poverty never goes away, but we destroy the middle class , the pillar of any democratic nation, on the process. We can have sex with anybody we want now and do drugs all day, but we can’t build a computer or a car or a pill here.Progress! No. The country is being carved up deliberately and the golden goose is about done.
On a more practical note- not financial advice but consider buying gold, silver, Bitcoin, other tangible assets that you can sell or barter with or use for self preservation/ defense, buy storable food, survival stuff. Learn some skills that make you more resilient and independent- like growing your own food. Don’t keep a lot of assets in banks. There’s no cavalry coming. Hope is not a plan. We are on our own. Good people are not going to be immune from the fallout of all this stuff. Marie Antoinette and Louis XVI had nothing on our decadent ruling class. We saw how that ended.
Yep, the 'Main Street' capital investment model(favored by Trump, rightly) has been stopped - again - in favor of the 'Wall Street' model of essentially betting on whether a company's stock rises or falls.
Do we miss Glass-Steagall which limited a banks 'gambling' with investment money to 10% or what?
A lot of good thoughts, Tanto. But I don’t consider bitcoins or any crypto-currency a tangible asset. I am no expert on the subject, but it seems that You are buying computer generated “currency” that hopefully goes up in value due to the scarcity of the product. There is nothing tangible in that. Couple that with the governments ability to shut down the system, and I’d rather not touch it.
This is a complicated topic. Bitcoin,and for the purposes of this discussion, only talking about the Bitcoin blockchain protocol specifically, can’t be shut down. And it won’t be shut down.
It’s decentralized, and global. There’s no Bitcoin, Inc.. Exchanges, miners, brokers can be shuttered or prohibited. Bitcoin blockchain has never been hacked. Exchanges and other protocols have been. The government can go after it, but it will survive in another place. It’s already proven this multiple times. Also, if you noticed, the government is going after new crypto companies, not traditional finance companies that are already deeply into crypto. You don’t see the government attacking Fidelity or BlackRock or Bank of New York Mellon. All these giants and many more are already heavy into crypto space. These are the guys who own the politicians.,So yes the government may fear crypto and may regulate it more heavily, but they can’t kill it. Bitcoin has already been adjudicated as a commodity, not a security. You can store your wallet on a piece of paper or a thumb drive or a punched metal plate. Hard to confiscate that. Portable. Protocol is anti-inflationary. Number of Bitcoin capped at 21 million. Bitcoin market cap hit over a trillion dollars last time it peaked and will go much higher. In your lifetime likely worth a million dollars a coin. Best performing asset of 2023, up 80 percent. Decoupling from traditional markets as people see risk in dollars and equities. The government seized gold before under Roosevelt. Wiped people out. No reparations😏. They can seize your bank account and your retirement account. Fiat currency is being debased continuously and at an accelerating place. Whether the dollar survives ( probably will) or not, Bitcoin is another diversification strategy into non dollar denominated assets. It’s risky and volatile. But anybody who has owned it for more than 5 years is way up. Even with the volatility and periodic crashes. The dollar is also a digital asset, conjured on a screen by f-g crooks to use as they see fit. There are no physical dollars for >90% of our currency. Did you know that? That’s the 30,000 foot view. Peace.
My kids have been into bitcoin/crypto currencies for a number of years. They are believers, particularly my son. They also both see this as a way to circumvent government and taxes, although they acknowledge they will have to pay some taxes on it just to keep the government out of their business. My son recently mentioned, too, how the dollar has become a digital asset. Yeah, peace out everyone. We're going to need it more than anything in the days ahead.
I’m not talking about tax evasion, to be clear. Although trust me, nearly every red cent we give these reprobates is wasted or used to harm the taxpayer. Maddening.
Explain your comment. Give me a specific example. I don’t need a clearinghouse to exchange Bitcoin for cash or another crypto. I can do it on any crypto exchange or via a DEFI mechanism 24/7/365. So I’d like to see what you are referring to.
I think the Xiden and gov will stick their noses into crypto and then force everyone to use a gov version of digital currency. 'They' hate cash because it wont allow them to punish people for wrong think and freedom to choose what they buy. (think of all the fights about food stamps around what can be purchased) The elites will use cash but anyone on the gov doll wont be able to. I know that is a serious conspiracy theory but damn if a lot of the other ones havent come to pass in the last few yrs.
They will try to do much of what you say. I agree. I’m saying they can’t succeed with Bitcoin. It’s impossible for them to shut it down. It will just go offshore.
Perhaps, I don’t know the answer to that. But that’s different from not being able to transact if you have a valid, working account. Anyway, you don’t need an exchange to transact with Bitcoin. Lots of other mechanisms and they are all legit and legal.
I still have some hope for crypto and being able to cricuvent the government with it. Like I have said on this blog before, a lot of young people are driving crypto and they are undeterred by its failures so far.
Great piece, Don. May I add that our financial situation's base is rooted in Joe Biden completely stopping American fossil fuel - cheap energy - development? It is the basis of our lives and affects everything we touch starting with food. This is a supply-side recession caused by the Executive Branch which controls energy and economic policies. Never forget this.
Not only cheap energy, Dan, but petroleum is an input to so many products we use it is driving costs up in that regard as well. Petroleum is like global warming, but real - what can’t it do?
Haha! I am still astounded that a 6" steel tube in the ground producing beautiful, efficient fossil fuel is trying to be replaced by 500,000 lbs of land mined to produce ONE Tesla battery that delivers 1/4 of the energy of a gallon of gasoline.
Virtually everything we touch, use, wear is some kind of petroleum product or derivative. We have unheard of prosperty because of this. Who are we to deny developing nations the same opportunity? It takes lots of fossil fuels to become a prosperous nation.
The US has spent the last 70 years showing it is not a trustworthy international partner. A spoiled, bratty electorate may or may not support you in the next cycle, but our moneychangers will still lecture and try to coerce your tiny African nation into loving homosexuality in exchange for American money.
Second, how will you cease conducting the trillion dollar global drug trade if not in dollars? America’s perpetual children love drugs and drug culture. Who’s smuggling cocaine for Red Chinese money? No one, that’s who.
A bonus hot take for you, Don: Have you seen the photo of Manchin giving Zelensky a WVU hat? I was about to be upset by that until I realized how appropriate it is. Like the Mountaineers, no matter how much money you throw at it you still won’t be able to buy a win when it really matters.
Well, it would be nice to be able to pay off my debt with a “Biden” Dollar, the end of the US dollar as reserve currency is still far away. The BRICS and the other countries, have the same economic problems that we do. The only difference between their leaders, and ours is their leaders are evil and smart, our puppet president is demented yet evil. It will be a while before the dollar is replaced if ever, because a world war or two will keep people running back. While gold is rising now It’s a lousy investment because you can’t get rid of it in time of crisis and it’s just a reflection of inflation to some extent. As a 10 year investment. It has been poor.
Yep. I bought a lot of gold and silver after the 2008 crisis and QE 1 and 2. I thought they were destroying our dollar then and bought to hedge... think I paid about $34oz for silver. HORRIBLE investment. Oh well
The government is behind the crypto scam. They are using it as a method to eventually use a manufactured economic crisis (because of “unregulated “ crypto) to force everybody into the United States digital currency. Like 9-11 brought us the patriot act and Tik Tok spying is going to bring out the Restrict act, Crypto will be banned as an intro to the digital US dollar. The players behind it will get rich, everyone else poorer, just wait.
I am 200% against a digital currency. I do not want my bank and the government to know how I spend my money. What if they think I am buying too many Italian clothes???
Totally agree with your column, Don. I do believe that Biden and his handlers are doing as much as possible to destroy the greatness and exceptionalism of America from within with the goal of creating an uber class and a dependent class. You cannot have a functioning democracy without a middle class. And, yes, the Clinton, Bush and Obama administrations have made contributions to this situation. While the decline of the U.S. dollar on the world stage is certainly worrying (and likely planned), I don't believe that the BRICS are a stable group in the long run. That may push the U.S. dollar to the top to stay. But with governance as you now have in your country, c'est pas pour demain -- meaning this isn't going to happen right away. Some days, I find the news to be exhausting and this is one of those days. Everyday, it's another disaster, tragedy, calamity that should not be happening. Bring back the mean tweets!
Yet I see no signs in Congress to stop Bumbling Biden. Is that on purpose? They sure threw a lot of superfluous monkey poo at Trump for all these years and not ONE thing stuck? Biden is committing treason very publicly with the help of his commie loving Dems and Rinos. Is there something we the people can do short of an actual Insurrection? Or Revolution? Civil War? Anything?
The bully gets his way until he doesn't. The belief in 'might makes right' doesn't make it so. The moment someone returns the favor by pushing back, the bully's glass jaw becomes apparent. The so-called rules-based international order is just the bully's way of calling the shots. Stealing foreign reserves and seizing private property is the bully's taunt, "because I can." It is a mark of the insecure, amoral, and arrogant--and not that of "the last best hope of Earth."
Zhou Xiden is the most consistent politician in history. He is always wrong and always fucks things up.
The deep state picked the perfect man to be the face of our weakness/wokeness and try and finish off Soetoro’s transformation.
Barry should be in jail. No way he should be a multi-millionaire on public service jobs and ghost written books. His entire life is a mystery. Why? Read Jack Cashill's Deconstructing Obama.
I second Cashill's book. Required reading.
Rush Limbaugh declared "The United States of America is a true miracle." Its probably going to take another miracle to keep it.
The founders were God fearing men with morals and scruples. We're looking more like Sodom and Gomorrah these days. I'm supposed to be enjoying my "Golden Years" not worrying about the demise of our great nation.
Who are they going to steal from when we're all broke and can't pay taxes?
We are making Sodom and Gomorrah look like Mayberry.
Aunt Bee probably looked better in Gomorrah, I believe.
Paul Newman? I am so disappointed. I didn't know that.
Senator Eugene McCarthy was not wrong. He just got shouted down.
Agree 100% on McCarthy. History has been so dishonest about him - and I even hear many conservatives misuse him as an example of evil censorship. Idiots all.
JFK was tough on communism and I often wonder if that wasn't the cause of his demise. Even of your 100% with Oswald doing the deed he was a communist.
Two things happened here: The first is time. Nations rise and fall. Of course, ours did it at warp speed. We're overachievers that way.
The second is that a democracy requires an involved, educated (in the purest, best sense of the word) public to survive. Our public is neither, and that is by design. That way, the elites can gut the country of its riches and resources and move on like the parasites that they are. But our public *chose* to be complacent. We didn't have to be that way.
Of course, the real tragedy is that if there was one system that could have kept leadership in check, it was ours. And our citizens just let it all slip through their fingers worrying about which side of the uniparty was the least bad rather than ridding themselves of the uniparty.
Yes, I'm having a bitter day.
Yes, it's an exhausting news day. But don't feel too bad about your "stupid" citizens. We've got plenty of them in Canada who are only too happy to get in bed with the government so that they are looked after. Warm, cozy and dumb.
"The second is that a democracy requires an involved, educated (in the purest, best sense of the word) public to survive. Our public is neither, and that is by design."
Nailed it!
The only hair I would split is that it is a republic - not a democacy (mob rule cloaked in parliamentary procedure) - that needs an educated and engaged populace.
Gutting Civics classes from curricula across the nation was likely the most destructive act - a stroke of evil genius.
The distinction is important (republic/representative democracy vs straight democracy). Either way, though, you're right about the civics class part.
I suspect this is why they are putting the final nail in the coffin of traditional education. If people can read, do math, and have a basic understanding of science and logic, they are dangerous. So they'd rather teach them about "gender theory" and the 1619 Project.
I notice how Biden and the Ds are now saying "our democracy" and rarely if ever mention constitutional republic. I think there's a reason for that and it's only to destroy.
It's psychology, and it comes down to the difference between a republic with a decentralized system of governance with weak federal powers (which is what we started out and the only thing that will save us) and a straight democracy where state governments (and therefore state residents) have little autonomy from the federal system and therefore are even further removed from the people who "represent" them and make the decisions that affect their everyday lives.
And the "our" is interesting. It's a pronoun with a very definite antecedent, and that antecedent is not "American citizens." The "our" in "our democracy" is the elite and the entrenched bureaucracy. It's their version of "democracy" that they want to protect.
I concur!
Not to mention "do biology". As in - boys are boys and girls are girls, period. Anything else is mental illness and meant to destroy society.
The Roman Empire lasted 700 years, we'll be lucky to make it to 250. I'm glad I'm old, at least too old to learn Chinese. :)
"If you want to know why Obama and Gates fear President Trump, it is the threat to BRICS he posed and still poses. The supporters of a weak America know is better to have an incompetent and a crook in charge. With Biden, they have both."
That is why the deep state will manufacture more bogus ballots than there are eligible voters to make sure Wilhelm's installation is not interrupted.
This is nothing more than the culmination of years of elite capture by Red China. As I ask myself why in the hell is there no difference between the DNC and RNC, is cause they've all been bought! We as a people are to blame, Einsteins definition of insanity, doing the same thing over and over again and expecting a different result. Anyone with a modicum of intelligence should be able to connect the dots, Bidens been lying for his entirety of his so called public service, paid millions of dollars, honestly the man cannot put one comprehensive sentence together to not only save his life, more importantly OURS. Sound as a pound, was Great Britains slogan when they were the worlds currency, now it's our turn. Yeah another gigantic shit sandwich, EVERYONE is gonna have to take a bite! If you look at the current state of affairs, trans crap, devaluation of the dollar, baskets and boxes full of documents he had NO right to have as a senator or a VP, His sons laptop, MSM and big tech carrying his water, inflation, illegal immigration, porous borders, inflation thats transitory?, third world shit such as putting your political opponent on trial. It's always pussy or money now both. Are you pissing down my back or is it raining? I've never seen so many do so few. Rome isn't burning, it's burnt, yes they shall rule over the ashes....Ammo up
Maybe we could get Dylan Mulvaney to take charge of things. It has been so successful with Bud Light..
A meme I recently saw…
‘Planned Demolition made to look like iIncompetence’
Do we really think we’re going to be able to vote ourselves out of this?
Short answer to voting your way out of this is: No. You couldn't vote your way out of it if you wanted to because of the cheating that goes on. You are in a quiet or cold revolution now. It's not yet clear where this is going or how it's going to end.
Exactly Lu. And it ain’t lookin’ good either. I’m going to guess that most of the people on here are at least 60 and more like 65, Not exactly the age group to confront a well armed (if somewhat sissified) militarized collection of 3 letter agencies.
NO, but we can delay it. For how long, I cannot answer that.
I will ask this question again: What does it take to put anyone associated with the Biden/Harris regime before a military tribunal and firing squad-for the good of the United States and the world..?
military got hollowed out thanks to Slick Willy's monstrously evil "don't ask" policy. can't expect them to do the right thing except perhaps by accident.
A revolution reminiscent of the one in Russia in 1917, or the one in France in 1789, followed by a complete breakdown of all social order, with restoration effected by true patriots.
If we're fortunate, the modern-day Romanovs and their courtiers will be able to run but not hide.
My preference is for hanging, such as was done to several Sioux indians in my hometown in 1862:
https://www.usdakotawar.org/history/aftermath/trials-hanging
Your thinking is similar to that of Biblical Revelations as to what will happen in the END times. Good for you and please keep the Faith.
Ain't gonna happen. Even Xi Putin are smart enough to not start a Tit for Tat War in the nuclear age.
I didn't say they would start a war with us, but that Biden would start a war with. To the idiot liberal mind (being so very short sighted), that would be the fastest out of the depression that we are certainly headed towards.
The BRICS nations, or Global South, comprise nations which have strong extractive industries/ natural resources and manufacturing of real goods versus the financialized, manipulated service economies of the West. The decline and fall of the West has been the doing of corrupt insular elites who print money we don’t have to support luxurious social engineering programs that never work, while destroying real components of a functional economy, to the point that now we don’t make anything or extract as much as we could because it interferes with their unrealistic social ideas. It’s easier to make more money arbitraging labor costs than hiring Americans and making things here. So they ship jobs to China. Or they bring in illegals to do manual labor or give H1 visas to Indians to work in tech at a discount. And the closer an insider is to the money printing press
And politicians, the more they can skim. So they get rich off their bad ideas. So we have a trillion dollar defense budget, but a military that’s not equipped to win wars. We throw all kinds of money at poor people, and poverty never goes away, but we destroy the middle class , the pillar of any democratic nation, on the process. We can have sex with anybody we want now and do drugs all day, but we can’t build a computer or a car or a pill here.Progress! No. The country is being carved up deliberately and the golden goose is about done.
On a more practical note- not financial advice but consider buying gold, silver, Bitcoin, other tangible assets that you can sell or barter with or use for self preservation/ defense, buy storable food, survival stuff. Learn some skills that make you more resilient and independent- like growing your own food. Don’t keep a lot of assets in banks. There’s no cavalry coming. Hope is not a plan. We are on our own. Good people are not going to be immune from the fallout of all this stuff. Marie Antoinette and Louis XVI had nothing on our decadent ruling class. We saw how that ended.
Yep, the 'Main Street' capital investment model(favored by Trump, rightly) has been stopped - again - in favor of the 'Wall Street' model of essentially betting on whether a company's stock rises or falls.
Do we miss Glass-Steagall which limited a banks 'gambling' with investment money to 10% or what?
Well said, Tanto. There is no calvalry coming. Only a cabal to control your life.
A lot of good thoughts, Tanto. But I don’t consider bitcoins or any crypto-currency a tangible asset. I am no expert on the subject, but it seems that You are buying computer generated “currency” that hopefully goes up in value due to the scarcity of the product. There is nothing tangible in that. Couple that with the governments ability to shut down the system, and I’d rather not touch it.
This is a complicated topic. Bitcoin,and for the purposes of this discussion, only talking about the Bitcoin blockchain protocol specifically, can’t be shut down. And it won’t be shut down.
It’s decentralized, and global. There’s no Bitcoin, Inc.. Exchanges, miners, brokers can be shuttered or prohibited. Bitcoin blockchain has never been hacked. Exchanges and other protocols have been. The government can go after it, but it will survive in another place. It’s already proven this multiple times. Also, if you noticed, the government is going after new crypto companies, not traditional finance companies that are already deeply into crypto. You don’t see the government attacking Fidelity or BlackRock or Bank of New York Mellon. All these giants and many more are already heavy into crypto space. These are the guys who own the politicians.,So yes the government may fear crypto and may regulate it more heavily, but they can’t kill it. Bitcoin has already been adjudicated as a commodity, not a security. You can store your wallet on a piece of paper or a thumb drive or a punched metal plate. Hard to confiscate that. Portable. Protocol is anti-inflationary. Number of Bitcoin capped at 21 million. Bitcoin market cap hit over a trillion dollars last time it peaked and will go much higher. In your lifetime likely worth a million dollars a coin. Best performing asset of 2023, up 80 percent. Decoupling from traditional markets as people see risk in dollars and equities. The government seized gold before under Roosevelt. Wiped people out. No reparations😏. They can seize your bank account and your retirement account. Fiat currency is being debased continuously and at an accelerating place. Whether the dollar survives ( probably will) or not, Bitcoin is another diversification strategy into non dollar denominated assets. It’s risky and volatile. But anybody who has owned it for more than 5 years is way up. Even with the volatility and periodic crashes. The dollar is also a digital asset, conjured on a screen by f-g crooks to use as they see fit. There are no physical dollars for >90% of our currency. Did you know that? That’s the 30,000 foot view. Peace.
My kids have been into bitcoin/crypto currencies for a number of years. They are believers, particularly my son. They also both see this as a way to circumvent government and taxes, although they acknowledge they will have to pay some taxes on it just to keep the government out of their business. My son recently mentioned, too, how the dollar has become a digital asset. Yeah, peace out everyone. We're going to need it more than anything in the days ahead.
I’m not talking about tax evasion, to be clear. Although trust me, nearly every red cent we give these reprobates is wasted or used to harm the taxpayer. Maddening.
I know. But my kids, instinctively, are thinking about tax evasion. We live in Canada, after all. Half of my bi-weekly paycheque goes to taxes.
Actually incorrect. The clearing houses for crypto have been persuaded to pull the ability to change out bitcoin at govt request. It is no protection.
Explain your comment. Give me a specific example. I don’t need a clearinghouse to exchange Bitcoin for cash or another crypto. I can do it on any crypto exchange or via a DEFI mechanism 24/7/365. So I’d like to see what you are referring to.
I think the Xiden and gov will stick their noses into crypto and then force everyone to use a gov version of digital currency. 'They' hate cash because it wont allow them to punish people for wrong think and freedom to choose what they buy. (think of all the fights about food stamps around what can be purchased) The elites will use cash but anyone on the gov doll wont be able to. I know that is a serious conspiracy theory but damn if a lot of the other ones havent come to pass in the last few yrs.
They will try to do much of what you say. I agree. I’m saying they can’t succeed with Bitcoin. It’s impossible for them to shut it down. It will just go offshore.
I'm pretty sure some crypto houses suspended Russian accounts when the Ukrainian war began.
Perhaps, I don’t know the answer to that. But that’s different from not being able to transact if you have a valid, working account. Anyway, you don’t need an exchange to transact with Bitcoin. Lots of other mechanisms and they are all legit and legal.
I still have some hope for crypto and being able to cricuvent the government with it. Like I have said on this blog before, a lot of young people are driving crypto and they are undeterred by its failures so far.
Great piece, Don. May I add that our financial situation's base is rooted in Joe Biden completely stopping American fossil fuel - cheap energy - development? It is the basis of our lives and affects everything we touch starting with food. This is a supply-side recession caused by the Executive Branch which controls energy and economic policies. Never forget this.
Not only cheap energy, Dan, but petroleum is an input to so many products we use it is driving costs up in that regard as well. Petroleum is like global warming, but real - what can’t it do?
Haha! I am still astounded that a 6" steel tube in the ground producing beautiful, efficient fossil fuel is trying to be replaced by 500,000 lbs of land mined to produce ONE Tesla battery that delivers 1/4 of the energy of a gallon of gasoline.
Communism.
Communism and exploitation of the Third World's mineral resources. (And children doing the mining.)
Virtually everything we touch, use, wear is some kind of petroleum product or derivative. We have unheard of prosperty because of this. Who are we to deny developing nations the same opportunity? It takes lots of fossil fuels to become a prosperous nation.
Yessssss!!!
It is quite elementary.
Two thoughts, connected:
The US has spent the last 70 years showing it is not a trustworthy international partner. A spoiled, bratty electorate may or may not support you in the next cycle, but our moneychangers will still lecture and try to coerce your tiny African nation into loving homosexuality in exchange for American money.
Second, how will you cease conducting the trillion dollar global drug trade if not in dollars? America’s perpetual children love drugs and drug culture. Who’s smuggling cocaine for Red Chinese money? No one, that’s who.
A bonus hot take for you, Don: Have you seen the photo of Manchin giving Zelensky a WVU hat? I was about to be upset by that until I realized how appropriate it is. Like the Mountaineers, no matter how much money you throw at it you still won’t be able to buy a win when it really matters.
I would argue a spoiled, bratty ruling class who are stupid and fail upward.
I saw that and went yep, he is doing laundry just like the rest of them that have gone to the Ukraine. Both sides are in on it.
Well, it would be nice to be able to pay off my debt with a “Biden” Dollar, the end of the US dollar as reserve currency is still far away. The BRICS and the other countries, have the same economic problems that we do. The only difference between their leaders, and ours is their leaders are evil and smart, our puppet president is demented yet evil. It will be a while before the dollar is replaced if ever, because a world war or two will keep people running back. While gold is rising now It’s a lousy investment because you can’t get rid of it in time of crisis and it’s just a reflection of inflation to some extent. As a 10 year investment. It has been poor.
Yep. I bought a lot of gold and silver after the 2008 crisis and QE 1 and 2. I thought they were destroying our dollar then and bought to hedge... think I paid about $34oz for silver. HORRIBLE investment. Oh well
I learned early on most investment strategies are Ponzi schemes. Crypto collapse coming.
I won't argue about crypto, but keep paying attention as it is still the only place where the government has no play...
The government is behind the crypto scam. They are using it as a method to eventually use a manufactured economic crisis (because of “unregulated “ crypto) to force everybody into the United States digital currency. Like 9-11 brought us the patriot act and Tik Tok spying is going to bring out the Restrict act, Crypto will be banned as an intro to the digital US dollar. The players behind it will get rich, everyone else poorer, just wait.
I am 200% against a digital currency. I do not want my bank and the government to know how I spend my money. What if they think I am buying too many Italian clothes???
It’s about control, who you vote for what you drive what you eat? Italian clothes? Those are reserved for the Obamas:)
Totally agree with your column, Don. I do believe that Biden and his handlers are doing as much as possible to destroy the greatness and exceptionalism of America from within with the goal of creating an uber class and a dependent class. You cannot have a functioning democracy without a middle class. And, yes, the Clinton, Bush and Obama administrations have made contributions to this situation. While the decline of the U.S. dollar on the world stage is certainly worrying (and likely planned), I don't believe that the BRICS are a stable group in the long run. That may push the U.S. dollar to the top to stay. But with governance as you now have in your country, c'est pas pour demain -- meaning this isn't going to happen right away. Some days, I find the news to be exhausting and this is one of those days. Everyday, it's another disaster, tragedy, calamity that should not be happening. Bring back the mean tweets!
Yet I see no signs in Congress to stop Bumbling Biden. Is that on purpose? They sure threw a lot of superfluous monkey poo at Trump for all these years and not ONE thing stuck? Biden is committing treason very publicly with the help of his commie loving Dems and Rinos. Is there something we the people can do short of an actual Insurrection? Or Revolution? Civil War? Anything?
The bully gets his way until he doesn't. The belief in 'might makes right' doesn't make it so. The moment someone returns the favor by pushing back, the bully's glass jaw becomes apparent. The so-called rules-based international order is just the bully's way of calling the shots. Stealing foreign reserves and seizing private property is the bully's taunt, "because I can." It is a mark of the insecure, amoral, and arrogant--and not that of "the last best hope of Earth."
You just described the Climate change religion . "A coin in the coffer rings a soul from carbon purgatory springs.
That why they are using the system of bully methods
It works. Is why.
For once Obama was right.