Crypto Crash

The problem with crypto currency is that it has no material backing, unlike fiat currency which has gold & a national economy behind it. Whatever DCA (dollar cost average) you apply to crypto, it is simply a made-up value. Pegging it to the dollar, or backing it with Treasury notes (so-called “stable coins”) doesn’t add any real value to the crypto itself. In economics this is known as an asset bubble or a Ponzi scheme.

Only massive speculation by interested investors keeps the entire crypto market from going to zero. On top of this, there is massive energy waste that is unaccounted for with crypto. Eventually, all this fictitious capital will get wiped-out, and that’s where crypto is going. That is a Marxist assessment.

Everyone in the crypto industry now knows Elon Musk is the Bitcoin whale. That explains why he just backed-out of buying Twitter for $43B, after planning its takeover for months and putting it into motion. His supposed $240B is mostly a giant asset bubble, built on fictitious capital in the form of crypto currency. The rest of Elon Musk’s wealth is stolen from super-exploited workers. With what he owes to banks, he’s probably bankrupt when the crypto market implodes.

Tesla’s valuation is a joke, and SpaceX is a boondoggle. I lived in Central FL, so I know all about what goes on at Cape Canaveral. It’s always on the local news. NASA has been privatized and contracted to Elon Musk’s SpaceX. His mad vision is to colonize Mars and commercialize space travel, but the problem is Musk can’t get a reusable rocket to land without exploding. Billions & trillions of dollars are being wasted on all this, with no progress & no end in sight.

SpaceX controls many of the satellites which have communication & military value. This is how the class war is being fought. We’re talking about the supposed richest man in the world being bankrupt in terms of real value. There couldn’t be a more damning indictment of capitalism than that. Everyone one of these billionaire tyrants must be exposed as a fraud and their wealth expropriated for public use on an international scale.

This all started on Wednesday, May 11 and has been a panic since Thursday, May 12. This is Bitcoin as of this publication on Saturday:

Elon Musk now has to put all his cash into Bitcoin to weather the storm and eventually re-inflate the crypto bubble. That’s his plan. How much longer can Bitcoin hold out? That depends of Musk’s support in the market, with working class awareness & resistance looming on the other side. If investors still trust him with their money, then Bitcoin will be made to look legitimate again. If the money dries up, Musk is toast.

The tendency of fascism is to maintain any useful demagogues, in case a fuhrer is needed. Donald Trump & Elon Musk are of the same kind– ignorant, ego maniacal mad men. They both personify the madness of capitalism in its death throes, and must be dealt with by the working masses of the world in order to prevent nuclear annihilation.

This is the realpolitik being discussed by elites privately. Once they are completely defeated ideologically, the elites resort to provocation, intimation & outright violence. The Proud Boys, etc, are their right wing paramilitary forces which are to be unleashed upon the working masses to maintain this ruling class madness.

If Elon Musk’s wealth can’t be maintained as believable, then fascism must step in to crush the masses, because a crypto market crash will bring down the entire global financial system. The notoriously corrupt US-backed dictatorship of El Salvador just officially adopted cryptocurrency as legal tender. This crypto crash affects that rollout.

It’s now apparent to many that there are serious issues of legitimacy & sustainability with Bitcoin and the crypto market. How long can this fiction be maintained to the masses? That’s the question no one in the industry can answer.

Money managers bankers, hedge fund investors, etc, found a way to make a lot of money off of crypto in terms of fees, commissions, charges, etc; but nothing productive was ever made from it. It’s been such a horrible waste. It’s fool’s gold in cyberspace that produces even more global warming.

What happens when every nation goes to war and you can’t connect to the internet or grid because fascist forces in every country control all of them? What is Bitcoin worth then? These are questions to be considered as the entire US establishment led by the Democrats & Joe Biden provoke the Russia-Ukraine conflict, threatening a world wide conflagration which ends in mutually assured destruction.

People need to start thinking in these terms because this is what’s going on. The Coronavirus War is the war to prevent WW3. It can only be won by the international working masses united under the banner of Trotskyism. Read the World Socialist Web Site and become a member/supporter, etc.

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SCOTUS to overturn Roe v Wade

For over two decades a right-wing packed US Supreme Court has undemocratically decided the politics of our nation, and thus the world. In December 2000, the Bush v Gore decision to intervene and halt the counting of tens-of-thousands of uncounted ballots in heavily Democratic-voting Miami-area districts, and therefore hand the election to Bush/Cheney, when Al Gore would have won (as every TV news network had projected) if all the votes had been counted.

I lived in Central Florida before, during, and long after this, so I know the story. Americans mostly “know” the official narrative of Election 2000, because nothing like it had happened before (at least since 1876), and the truth was too shocking to admit. Historically speaking, the stolen Election of 2000 was a harbinger for 9/11.

The lesson from Election 2000 is that the ruling class always defers to the right. It meant that, according to the Supreme Court, since the Electoral College decides the Election, your vote doesn’t count. It means reactionary Republicans always win in the end, even when they’re dead wrong & everyone knows it. That’s why Donald Trump isn’t in prison for his January 6, 2021 coup attempt, but instead waits in exile at his luxurious Mar-a Lago compound in South Florida.

      1. Primary Colors - Ric Size

 

Ron DeSantis is running for re-election as Florida Governor, which is seen by Donald Trump as a springboard for DeSantis making a play for the 2024 Republican party nomination. There is a significant constituency of die-hard Republicans who: 1) hate Donald Trump; and 2) don’t believe Trump can beat Joe Biden. That’s a serious split, and it can’t be papered over because Trump has overwhelming grassroots support among the fascists.

There is a faction of the Republican party that wants Ron DeSantis to lose this podunk 2022 governor’s race, and it’s called Donald Trump. It will never happen as long as the Republicans control the state machinery, which they have since 1998. It’s going to take something significantly more than a Democratic party manufactured “rising star” or Trump’s meddling, to take the political machinery out of the hands of good ‘ol boy Republicans in Florida.

Trump & Ron DeSantis used to be political allies & fake friends, but when the Republican party was finally forced to concede that Trump had lost the 2020 election (sometime that weekend) by over 7 million votes nationally and decisively in the Electoral College, Trump responded by splitting the Republicans.

Trump has still never conceded that he lost the 2020 election. In fact, it’s the central tenet of his current campaign. Hence we get conspiracy theories from everyone right-wing hack getting amplified in the fake media, ad nauseam.

Like Adolph Hitler, whom he admires & studies, Trump demands unwavering obedience from his supporters. Only his inner circle of family & trusted advisors have direct access to his insanity. These people lie, by reflex.

Führers are weak-minded & unstable demagogues. They crave idolatry & praise from the masses, whom they simultaneously despise. They fear truth, art & beauty, because it exposes their evil ugliness, which is why they seek to exterminate artists & leftists. Both these historical madman, Hitler & Trump, thrived at unstable periods of global capitalist development. Fascism is a world-wide ruling class ideology held as a final resort in its perpetual war against the working masses.

This Roe v Wade media leak has caught EVERYONE off-guard. For instance, what the HELL is the MeToo campaign supposed to do with this? What about the Democrats in the White House? Nancy Pelosi, etc…?

The person who leaked this memo is to be exiled from the legal community for telling the people of America the truth. It’s the Julian Assange principle for elitists.

Since the stolen election of 2000, the SCOTUS has been packed with reactionaries by Republican Presidents and its complaint Congresses. These right-wing “Justices” have a strong majority (6-3, at least) and have insulated themselves from the VAST majority of society to the point where this overturning of Roe v Wade was supposed to be a fait accompli.

Well over 60% of Americans support a woman’s right to a safe abortion if she chooses. These numbers have held steady for a long time, and will only increase as people become more enlightened. Overturning a women’s right to a safe abortion, if she chooses, is the latest ruling class attack on democratic rights.

Both Democrats & Republicans are responsible for cuts in education which have debased the best efforts of teachers & concerned parents interested in having kids learn in a safe & constructive environment. Since the Columbine High School mass shooting & attempted bombing on April 20, 1999, things have only gotten worse for our schools. Today it’s COVID-19 in the classroom, which kids, teachers & parents are supposed to “live with.” Politicians on both sides of the aisle, along with the union leaders acting as workforce police, have failed to protect our kids and therefore must be removed from power and replaced with workers committees.

Science says these teachers & kids will only continue to get sick & die until we taken a Zero-COVID strategy globally. We can end this pandemic forever in 2-3 months. That’s the science. The problem is capitalism, as Wall Street & the banks universally agree there can be no more lockdowns, or any other public health measures or mandates that save lives & prevent the spread of disease, because that impedes their profits. Basically, the billionaires can no longer be allowed to call the shots. Politically it’s either revolution, or WW3 ending with nukes, as the US-NATO provoked crisis in the Ukraine is revealing to the world.

We the People have an arch-reactionary US President who is brain-dead & hell-bent on War, which coincides with the interests of all those who hold close to the levels of power. It is We the People who must directly confront these puppets of power AND the puppet-masters who pull their strings. It is this parasitic social layer that must be smashed to bits in war. Nothing can remain for billionaires except prison chains and the public expropriation of their ill-gotten wealth.

Historical courts are already cataloging their crimes, and this research will only accelerate as more facts see the light of public scrutiny. That is when there will be a reckoning and true justice will prevail.

All solutions must be global in perspective. That means we do what is best for the planet and everything on it. We value life in all forms. We understand the necessity to use science as the guiding force in all medical, health & technological areas. Politically, socialists must be guided by an atheist position on religion. Philosophically, Marxism means dialectical materialism, which particularly studies changes in matter and its revolutionary implications.

Trotskyists tell the world’s workers & youth these truths, which is why we are so virulently attacked in the mainstream media of every country. Corporate broadcasts have now universally earned their moniker as fake news. Television, even sports, is now unwatchable. As is Hollywood, Netflix, Hulu, HBO, Disney…

Every once in awhile something like House of Cards, or the Beatles’ documentary Get Back comes along so you find a way to see it. But most working people have tuned-out when it comes to TV anymore. Ratings are down across the board, which confirms this diagnosis: there isn’t nearly enough interesting content in the mainstream.

There are material reasons for this. The MeToo campaign has taken out quite a bit of talent, especially straight men in film, TV & music. Anyone who attempts to defend an artist against the MeToo campaign will find themselves accused, tried by the media, and blacklisted. That’s the CIA Democrats in action. Do you see why I don’t like the entertainment industry?

Television Awards shows (it’s been the season) are political theater in gender politics, contrived & unreal, where no deviation is allowed. Most people skip past this anymore, and if there’s some STUPID shit like Will Smith slapping Chris Rock at the Oscars, we watch the YouTube clip a few times, maybe get some background, and then make up our own mind.

As a side note, the women’s fashion at these awards shows can largely be described as outrageously bad. There are a few who know how to look good, and that’s what people talk about the next day at work, not who won a trophy that everyone knows is fake.

All this “pop culture” is accessible with a mobile device which everyone over age-12 owns anymore. The problem for the ruling class is that young adults & kids don’t believe the fake media anymore. These kids & workers are starting to realize they are actually smarter than their authority figures. That portends a mass shift in social consciousness to the left in the near future.

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