Greatest Rug Pull Ever? Russia Warns U.S. Will Use Crypto To Eliminate $37T Debt At World’s Expense

Greatest Rug Pull Ever? Russia Warns U.S. Will Use Crypto To Eliminate $37T Debt At World’s Expense

Related:

What to expect as Federal Reserves ends QT

His speech comes as the Fed ends quantitative tightening (QT) while the odds of a cut at the upcoming meeting continue to climb, which is a positive for the crypto market.

The Fed ends QT today, which is a positive for the crypto market.

Jerome Powell ends Quantitative Tightening; Financial Repression to Follow?
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Dancing While the Dollar Depreciates

Feels appropriate to drop some remixes to go along with the Reagan era remix—Stephen Miran’s nomination to the Federal Reserve Board is just the latest track in a long playlist of dollar devaluation, austerity for the rest of us, and profits for the usual suspects. Still waiting on a proper critique from economists like Michael Roberts or Michael Hudson, but from what I’ve gathered so far, the “Miran Doctrine” is collapse choreography: pain for the working class, leverage for capital.

Marx saw this coming: the ruling class conjures up the ghosts of past ideologies to mask present-day extraction.

So here’s this DJ set of Madonna remixes—because I need an escape, and maybe you do too.

YouTube

Trump’s Prescription for Poverty: Forced Psychiatry and the Criminalization of Homelessness

Trump order pushes forcible hospitalization of homeless people

Related:

Trump Pushes Policies That ‘Treat Homelessness and Mental Illness as a Crime’

New Research Shows Risks of Coercive Psychiatric Treatment

A new study from the Federal Reserve Bank of New York is raising difficult but necessary questions about a practice that affects hundreds of thousands of lives each year: involuntary psychiatric hospitalization.

This equates to a 79% increase in risk of being charged with a violent crime, and almost a doubled risk of dying by suicide or overdose, in the three months following evaluation for hospitalization.

The researchers also found hospitalization often caused destabilization. It led to declines in employment and earnings, and increased use of homeless shelters. It did not lead to better outpatient care or more consistent medication use.

US Ukraine Mineral Deal- Shades of Iraqi reconstruction scandal- US to provide security & the Trump admin connection to Iraq’s post-war reconstruction scandal

US Ukraine Mineral Deal- Shades of Iraqi reconstruction scandal- US to provide security

Elbridge Colby and Keith Kellogg both served in the Coalition Provisional Authority (CPA) in Iraq in 2003 under Paul Bremer and are now part of the Trump administration. The CPA, which acted as the transitional government overseeing post-war reconstruction in Iraq, faced significant criticism for its mishandling of reconstruction funds. Over $8 billion allocated for Iraq’s rebuilding remains unaccounted for, including more than $1.6 billion in cash that was discovered in a basement in Lebanon.

Meanwhile, in Iraq, Chinese companies are actively engaged in constructing a wide range of infrastructure projects, including housing units, universities, commercial centers, schools, health facilities, and power stations. They have also played a key role in developing the Nasiriya airport.

Sources:

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AI going DeepSeek

Most readers will know the news by now. DeepSeek, a Chinese AI company, released an AI model called R1 that is comparable in ability to the best models from companies such as OpenAI, Anthropic and Meta, but was trained at a radically lower cost and using less than state-of-the art GPU chips. DeepSeek also made public enough of the details of the model that others can run it on their own computers without charge.

AI going DeepSeek

Previously:

Interview with Deepseek Founder: We’re Done Following. It’s Time to Lead

Don’t Deify Jimmy Carter

Jimmy Carter, out of office, had the courage to call out the “abominable oppression and persecution” and “strict segregation” of Palestinians in the West Bank and Gaza in his 2006 book “Palestine: Peace Not Apartheid.” He dedicated himself to monitoring elections, including his controversial defense of the 2006 election of Hugo Chavez in Venezuela, and championed human rights around the globe. He lambasted the American political process as an “oligarchy” in which “unlimited political bribery” created “a complete subversion of our political system as a payoff to major contributors.”

Don’t Deify Jimmy Carter

The Soviet Union was asked by the Democratic Republic of Afghanistan to intervene to help fight against the Afghan mujahideen that the US was arming: Soviet-Afghan War

Carter, Charter 77, and Solidarność (Solidarity):

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Trump 2.0: Project 2025 Could Impact the Economy and Your Finances

Cass is wrong. See related below.*

The Trump team lied. Project 2025 is influential with his transition team and his second cabinet.

Project 2025 Could Impact the Economy and Your Finances

What economic proposals are in Project 2025?

Most of Project 2025 would have economic implications if implemented and many proposals would affect Americans on a personal finance level. While this is not an exhaustive list, here are some key proposals:

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Argentina bond market plunder explained

Argentina bond market plunder explained

4) Globalist puppet Milei slashes government spending and privatizes a whole lot of sectors. This is the neoliberal “shock therapy.”

Meanwhile, 54% of Argentinians are in poverty, consumer prices have tripled over the last year, the economy is in recession, and industrial production has been dwindling consistently.

Exactly as I predicted back in October 2023:

The vultures are ready to “make the economy scream” if Javier Milei wins!*

The ‘scared majority’ could deliver a landslide victory for Trump (rant)

If you believe that Donald Trump & Co represent the working class, congratulations! They’ve successfully pulled the wool over your eyes! Trump’s tax cuts benefitted the rich and his tariffs (and Biden’s) hurt American consumers, not China!

The author is right about one thing—“fear”. The xenophobic fearmongering about illegal immigrants is outlandish, considering Biden has been deporting them on par with Trump (not to mention the ones being detained at GTMO)!

Another thing, for as long as I’ve been able to vote, neither party has represented the working class! Read about the Powell Memorandum!

The ‘scared majority’ could deliver a landslide victory for Trump

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