Import tariffs are collected by U.S. Customs and Border Protection agents at ports of entry and are paid for by American businesses. Importers pass on the cost of the tariffs to consumers through higher prices so it is essentially a public taxation. The Treasury Department gets to spend the money collected from US tariffs, and currently Trump is stirring a major conflict within the Treasury Department through Elon Musk.
Trump also attacked Fed Chairman Jerome Powell last week, saying he should be fired immediately, instead of being replaced at the end of his term, which can’t come soon enough, etc. CNN has reported that Trump is considering former Fed governor and crypto startup investor Kevin Warsh to be Fed chairman once Powell’s term ends in May 2026.
In whatever manner Trump decides to use import tariff proceeds, it is to be at his discretion, as Trump has usurped the Congressional power to tax & spend. That is an overlooked aspect to Trump’s tariff strategy. No one asks Trump the obvious question, “What are you going to do with the tariff money?”
Politically speaking, Hitler & Trump are historical equivalents and both are compulsive gamblers who go all in. Crypto is how to read Trump’s next move. Now we’re beginning to seeing proof in the corporate media. Since I published my Trump-crypto theory last week here & here, the bourgeois press (for the first time) has taken up the issue. For example, the New York Times featured an Op/Ed the weekend titled: “What Trump Is Doing With Crypto Should Worry Us All.”
“Crypto crooks congregate & conspire in the White House” was published on my site on March 7, 2025, where I outlined Trump-crypto. In a surprise & rambling opening announcement to that meeting, Trump touted a sponsorship deal with FIFA for World Cup 2026 to be played across North America and apparently crypto will be the product. As with all Trump schemes, details were sketchy, but why else would FIFA be at Trump’s White House crypto summit? FIFA is a powerful international organization, so them partnering with Trump on crypto was serious news, yet no one in the bourgeois press analyzed or discussed it.
Since then bourgeois economists, business executives, etc, have been confounded & bewildered by Trump’s policy moves. Big business needs to be able to read Trump, which is why my Trump-crypto theory is now gaining popular traction– in a diluted form & without me being mentioned– of course. It takes a Marxist to figure it out, which is what they hate.
Trump is clearly addicted to crypto, which is driving his policy decisions. Crypto is extremely unpopular with the public, as I estimate ~95% of Americans believe it to be a Ponzi scheme– which it is. Just review readers’ comments on any mainstream soft-soap crypto article and you will see the popular disdain for bitcoin/crypto. Businesses & consumers paying more for goods so Trump can convert his crypto into cash via tariffs deposited into the US Treasury is an explosive revelation. That’s why it is kept secret in the media & the White House.
Marxists are materialists so we judge Trump and his fascist cabal by what they do, not what they say to the press, because that’s all lies. Since I struck upon this Trump-crypto theory long ago, I haven’t seen one political action from him & his cronies that contradicts the premise. Everything Trump does & tweets reinforces his crypto criminality which he hides.
Sunday afternoon post-script: I’m watching the first weekend of the NBA playoffs on ABC while being bombarded by crypto propaganda. For instance, the LA Lakers & Clippers play in Crypto.com Arena. The crypto app Robinhood is displayed on the Memphis Grizzlies jerseys. Coinbase is running commercials claiming it is the “future of money.” These companies were under SEC investigation & faced prosecution for their criminal activities only a few months ago. Now that Trump is President again, they’re all running ads to promote their new found legitimacy.
Final conclusions for now: In macroeconomic & biologic terms, crypto whales are eating what’s left of the krill– ie, de-fi Kool-Aid drinkers remaining in crypto. Today there is virtually no new grassroots money moving into crypto; it’s all venture capital, hedge funds, big corporate, with banks looking to get back in after the Silvergate, Silicon Valley Bank, etc, crypto bank crashes of 2023.
None of these sober lessons, nor those of FTX/Sam Bankman-Fried in 2022, are to be mentioned under new Trump crypto policy. Crypto criticism could eventually get you snatched & grabbed off the street in the name of ‘national security’ and sent to a terror prison in El Salvador for the cost of a few Trump tokens. Who knows?
PAC money buys not only politicians’ votes, but favorable corporate media bias, which explains the media soft-soaping of crypto in the past few months after blanket skepticism from the DOJ/SEC/FTC, etc, under the Biden-Harris administration. Barron’s, Bloomberg, the WSJ, etc, all seem much more open to crypto now, isn’t that something?
Too many blockchains is the biggest logistical problem in crypto right now. After bitcoin is “mined” by a supercomputer, it lives on a computer generated blockchain, which supposedly provides an ‘immutable digital fingerprint’ for security. Some blockchains are public (open source) and some private– which means casual users with high computer aptitude can’t check private blockchain code to see if there is any hanky-panky going on with that crypto.
Blockchains usually aren’t compatible with other blockchains, meaning bridges, roll-ups, crosschain aggregators, etc, are needed to move crypto from one blockchain to another, or to trade one form of crypto for another because bitcoin & etherium, etc, aren’t on the same blockchain. None of this was worked out when these cryptocurrencies were concocted, as every blockchain owner was too excited about making money for themselves to care about the ecosystem.
This spawned half-baked solutions such as “wrapped tokens” which are cryptocurrencies usable on different blockchains. For example, “wrapped bitcoin” is coded to operate on other (non-bitcoin) blockchains. This leads halfway, but no further, to the main technical problem in crypto today which is too many blockchains that don’t integrate. I don’t have these problems when I try to move US dollars in & out of my bank account. I just enter a PIN at the ATM and it spits out cash & a receipt. How is “blockchain technology” better? No one in crypto can answer that question with a straight face.
These interfaces (bridges, roll-ups, etc) between native blockchains are vulnerabilities that malicious hackers can exploit to steal crypto. Crypto is stored in a digital wallet, with a code key that must be remembered & safeguarded or else the crypto in that wallet becomes inaccessible & lost forever.
Some crypto requires creating a new wallet for that brand. The list of requirements for crypto security are seemingly endless, and still fraud is the industry norm. Friction among crypto users is high because of these critical issues which haven’t been solved. Basically the crypto industry has become an anarchist wasteland and that’s why they are looking towards Donald Trump as their savior.
Fragmentation (too many blockchains) of already thin liquidity levels of consumer investment has stifled support for an idea that was originally to be “de-centralized finance,” meaning anyone from anywhere could access the ‘crypto de-fi pool’ to trade tokens or cash out. Everyone was going to be a winner according to bitcoin economic theory. Instead there are thousands of isolated blockchains starving for capital, unable to efficiently link up and rally support amongst themselves as a ‘crypto community’ which they proclaim to be– but in fact aren’t.
Today, most crypto tokens aren’t worth trading or cashing out. Transaction fees, trade slippage, etc, eat up crypto profits for the krill, as they have to remain vigilant against rug pulls, fake wallets & other SBF-type flim-flams just to survive. The BIS has just stated that crypto increases global economic inequality, which predictably [!] has incited a hysterical denunciation from the Trump administration.
The crypto market changes so rapidly, allowing whales to manipulate large transactions while delaying krill trade orders into insolvency. Whales hogging digital bandwidth with their large transactions during times of financial duress is one method of crypto chicanery. Blockchains are bulky and therefore take more time to super-compute buy/sell/trade orders. The people who control the blockchains & platforms know all the dirty tricks and have all the power in crypto. It’s a completely rigged industry, based on nothing of value, while wasting billions in energy costs in order to maintain financial parasitism.
Trump-Musk crypto fascism: In marine ecological terms, the crypto whales have depleted the ocean’s krill by gobbling it all up, while turning up the temperature until all the plankton & phytoplankton necessary for life sustenance– dies. The biggest current problem according to crypto industry leaders is not being able to access those small remaining blockchains of tasty krill. Nothing else matters to these sickly-bloated whales.
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