7/31/24

Crytpo for War Finance Flummery

 Cryptocurrencies are marvelous anonymous monetary media for moving wealth silently. One wonders how many of the hundreds of billions of dollars sent by the Biden administration to fund its war on Russia in the Ukraine have found their way in to hidden accounts and the international anonymity of Bitcoin and other lesser known crypto coin. Crypto may be the state-of-the-art venue for political kickbacks and bribes with untraceable secret accounts rivaling those of the Swiss.

The government of Ukraine has been rated as one of the most corrupt on Earth. With so many billions of dollars flowing to a variety of channels the U.S. dollar is probably building up new hidden powers of perfidy as well as paying for vectors of death to kill Russian and Ukrainians forced to the front line of combat.

The Trump candidacy proposes to end the Ukraine conflict and settle with Russia through negotiation; probably Russia would split the wealth of Ukraine land resources in half with the government of the west so long as N.A.T.O. agreed to say away from the Russia border on West Ukraine. Mr. Trump has also suggested that the U.S.A. ought to invest in Bitcoin in a large way in order to reinforce the value of the dollar. That is a good insight since the dollar is potentially subject to destabilization as the rich divest from the dollar and move into crypto currencies and the money of China.

Saudi Arabia decided to allow buyers of its oil to pay for it in currencies other than the U.S. dollar. The Biden administration preference to make war on Russia via Ukraine and divide the economy of the world as collateral damage to U.S. economic interests was inexplicable. It seems as if there must be some hidden force compelling N.A.T.O. and Democrat party leadership to act so rashly and divisively on the world. Of course there public reasoning is that Putin is Hitler seeking to restore the Soviet Empire and to conquer Poland, France and all of the west. That Napoleonic fairy tale is not credible at all for those well read in world history. BRIC nations have some incentive to move defecting from the dollar and on to the Chinese yuan than before the Biden term of protracted war on Russian forces seeking to recover some of its historically Russian Ukraine land stolen by the Clinton administration when Russia was weak after decades of Soviet rule.

Crypto currency is a two-edged financial sword that can fundamentally alter the world balances of economic power. Since vacating the gold standard U.S. dollars have been backed by the solely by the power of the U.S. government to tax the wealth of the nation. Investing in crypto currency is a similar paradigm, since the value of Bitcoin is based on what people are willing to pay for it- and it is backed by nothing else. I wonder how many trillions of dollars the Federal Reserve will invest in Bitcoin, and how many billions of tax dollars from federal funds sent to corrupt Ukrainian accounts have already found the way there.


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