I have this morning posted a video on why I think it’s Trump’s economic plan to crash the world economy so that there might be a bailout to benefit the wealthy.
That video was recorded late last week.
Over the weekend, occasional commentator and long-term friend of this blog, Ivan Horrocks sent me this from MSNBC broadcast over the weekend:
The suggestion in that broadcast from Chris Hayes is that not only does Trump want a bailout, but he and his cohort want one for Bitcoin because they know how unstable it is without state support.
I suggest watching it. Everything he says is plausible and supports three things I have always said.
First, Trump has only the interests of the wealthy at heart.
Second, he and they know that there is no real value in Bitcoin because it has no obvious use except for crime – and I am not accusing them of that.
Third, they want to capture the capacity of the state to support their wealth, not least by supporting the supposed value of Bitcoin.
The Republican plan to hold a strategic Bitcoin reserve cannot be explained in any other way, in my opinion, but I look forward to well-reasoned alternative views.
