Kevin Warsh, Trump’s surprise nominee for new Fed chairman, is pro-crypto. Kevin Warsh has recounted seeing the original bitcoin white paper in 2011 and recognizes it as “innovative software.” Crypto critics point out that blockchain technology is an expensive waste of electricity that can’t scaled into mainstream finance because it’s too clunky & slow, but those facts are to be ignored. “Bitcoin is not a trouble, but policy signal,” according to Kevin Warsh. This is exactly what Trump demanded from his new Fed chairman.
Crypto is the publicly unstated conflict between Trump & current Federal Reserve chairman Jerome Powell. Powell was nominated by Trump in 2018, but that was before he went in on crypto. Trump called crypto “a scam” through 2021, but between his presidential terms he became enamored with bitcoin, all around the time he was partnering with Elon Musk, who coincidentally joined the Trump White House to help Trump with economic policy as head of DOGE, which is the name of Musk’s proprietary meme crypto– dogecoin.
Warren Buffet and JP Morgan CEO Jamie Dimon represent anti-crypto billionaire capitalist interests. Their influence on monetary policy is significant and it extends past the Federal Reserve, which should be understood as a giant bank that loans money to billionaire corporations, financial institutions & individuals.
Everything rests on the strength of the US dollar, which since 1971, has been a fiat currency that floats against a global basket of currencies. Globally, all oil transactions are settled in US dollars (petro-dollars), which adds weight & importance to that currency. All the fighting in the Middle East, which starts with Zionist Israel, is about maintaining American control over the most valuable commodities in the modern world– oil & natural gas.
Without these commodities, there is no transportation or electricity, meaning there is no modern economy and we’re back to horses & candles. The problem is oil & gas consumption causes global warming, which is getting worse every day and is thus unsustainable.
The drive of US imperialism to monopolize the global oil wealth by partnering with a criminal & terrorist Zionist organization in Israel to be a permanent garrison in the Middle East is doomed to historical failure & class blowback. Kidnapping the leader of Venezuela during an armed attack against that country, all to seize that nation’s oil resources, will not stand. Bleeding Stalinist-capitalist ruled Russia into a dirty war with Ukraine which the US/UK & German intelligence provoked after decades of effort is completely misguided and has no chance of succeeding, yet it continues because it’s what US billionaires demand.
The most powerful force of capitalism is the global bond market, in which the US is the dominant participant accounting for roughly 40%. The bond market represents the global debt & credit market, estimated to be $119 trillion worldwide and $46 trillion for the US market, according to the Securities Industry and Financial Markets Association (SIFMA).
Unlike bank loans, bonds may be held by retail investors, and are more frequently traded than loans. Bonds are considered a “safe haven” for big investors. If the bond market tanks, capitalism crashes and the party is over– for good. Therefore the bond market is the most-protected, most sacred institution of capitalism, an all-powerful global institution in a world of international commerce.
If you are a centi-millionaire or billionaire, then your money, assets & investments are all protected by the bond market. You can’t defy or run away from the bond market. The only social force capable of defeating the bond market is an internationally united working class & youth. A sustained & organized general strike globally chokes off all capital flow to the bond market. That’s the only way to kill the bond market, short of mutually assured destruction.
The latest Jeffery Epstein files release has revealed his links to early crypto. This should surprise no one. Crypto was invented as a tool to evade taxes & hide illicit financial transactions. Trafficking underage girls for sex with billionaires, etc, is to the point of crypto.
We now know that Jeffery Epstein was an early investor in Coinbase, which is the largest US-based crypto exchange & bitcoin custodian. All kinds of professional sports sponsorships are being used these days to legitimize crypto in the public mind, and Brian Armstrong’s Coinbase (founded 2012) is perhaps the most prominent.
What was released was surely only the tip of the iceberg as far as Jeffery Epstein’s involvement in crypto. Bitcoin was invented for people like him, and now we the people learn he claimed to have corresponded with the infamous & unknown Satoshi Nakamoto, the person who invented bitcoin. It’s not at all surprising that someone like Jeffery Epstein would seek out these people and do business (invest) with them.
Bonds are paper which represent wealth & power. The people who own this paper don’t want it to lose its value. Crypto is so unreal, yet it has been so heavily promoted as legitimate to the point where a segment of billionaires are all-in on it. When crypto crashes to the point of no return, that’s when the bond market will be forced to move into action in the interest of all the banks, hedge funds, and big investors who have loaned their money to crypto companies that are going bankrupt.
Michael Saylor’s Strategy is the most illustrative example of this in the US. Bitcoin has fallen from it’s high of ~$125K in early October to ~$74K as of this publication. All during this free fall he has been buying bitcoin. He does this to maintain the price. It has been widely reported that he has paid an average of ~$76K/bitcoin. Which means he’s underwater by $2K/bitcoin as of this writing.
On top of that, Michael Saylor has financed all the bitcoin buys with stock swaps & borrowed money, meaning his corporate ownership is diluted and he’s in deep debt which he can’t repay by selling bitcoin because it’s worth less than what he owes. Each day the interest on what he owes goes up, while his stack of bitcoin loses value. As sellers continue to leave the market, they implore Michael Saylor to “keep buying,” as he is the only one holding up bitcoin (& therefore all of crypto) under current market conditions.
Bitcoin can’t be allowed to go to zero, which it would have done dozens of times already if the “market” hadn’t prevented it from happening. That “market” is the bond market. The bond market is bigger than any presidency or military. The bond market is why presidents & militaries exist. It’s why ICE exists.
The ultimate enemy in the fight against this evil is the bond market, which crystallizes the essence of capitalist inequality. It’s largely faceless, yet viciously ruthless, and it answers & apologizes to no one. It is the bond market that must be abolished for humanity to flourish.
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