The War in Europe

Phat's definition of elitist is just a list of his prejudices and biases. You'll still be staring at my taillights. --Percy

That's scary. How many times has Trump gone bankrupt? Is it 4 or 6? There seems to be some question.When your company goes bankrupt you're protected from creditors and the disposal of assets is overseen by a court. And if you're Trump you just move on to other companies. Where will you go if Trump drives your country bankrupt?--Percy

again it's idiots like you who dumbed down "elitist" to being "a person who isn't the dumbest motherfucker in the room" I would never describe myself as one of the elite. Again it's dipshits like you who think anyone with an education is an elitist. But you retards think the guy who flies around on his own personal airliner is a man of the people.

Sanctioning Russia was the first major action that will lead to a debt default, if it ever happens.The financial problems in this country are bipartisan and not something Trump can be fully blamed for, should it all become unstable. There will come a day when many countries will switch away from the SWIFT payment system into If anything, as an "Oligarch" like Musk and Putin, Trump would understand finance better than the Biden Administration did. And if the dollar does "crash" most experts (and rich guys who like to make videos on YouTube) expect it to crash up...not down. Any Oligarch worth their salt does not have an enormous stash of dollars or Treasuries. They have land, art, and hard assets like gold and silver, which once backed the dollar before this magical monetary time where the Fed creates "it" whenever we need liquidity. Percy, I will declare again that I am closer to the truth about global economics than you are. I don't want this to happen any more than you do. I depend on social security too.One thing that I heard is that Trump is not a fan of digital currency. I am not a fan of it because the government has its eye on everyone's currency...including the shoebox full behind the wall in the closet. knows everything that one does with their money and will try to tax everything they can. And about Bitcoin? I still say it's a giant Ponzi Scheme. Gold is a far better store of value. Trump seems on board with it as a campaign promise, but I would be willing to bet that Trump and Musk own far more precious metals than they do bitcoins. For sure Vladimir Putin does. He may be even wealthier than Musk...off the books.

Bitcoin hits $100,000 as Trump picks cryptocurrency fan to head financial watchdogWASHINGTON, Dec 6 (Reuters) - U.S. President-elect Donald Trump's crypto policy is taking shape with the announcement of a White House crypto czar and a new securities watchdog, but questions remain over who will drive policy and whether too many cooks could slow down changes.Trump on Thursday appeared to make good on his campaign pledge to be a "crypto president," announcing he would make former top PayPal (PYPL.O), opens new tab executive and crypto evangelist David Sacks "White House A.I. & Crypto Czar." A day earlier, Trump said he would nominate pro-crypto Washington attorney Paul Atkins to head the Securities and Exchange Commission.

Trump is a big fan of grifts and scams so it’s hardly surprising.

This is just a bald declaration with no rationale. Without knowing how you reached this conclusion I can't say whether I agree or disagree. You're not responding to anything I said. You said that Trump sees global politics as the "Art of the Deal", and I answered that he's declared bankruptcy 4-6 times. The context is still global politics. Why do you want a guy who's declared bankruptcy 4-6 times handling global politics the same way he handled his businesses? This is an incomplete sentence. Proof much? Comparing Musk to oligarchs makes sense, but Putin is a dictator, not an oligarch. Again, another bald declaration with no facts or rationale. And again, Trump has declared bankruptcy 4-6 times. He thinks foreigh countries pay our tariffs. He stiffs people and businesses for the money owed them. What evidence do you have that Trump understands finance at all, let alone that he understands it better than Biden. At least Biden understands the seventh, eighth and ninth commandments. Guys on YouTube don't count. Which experts are you referring to? Yet another bald declaration with no facts or rationale. Great. Convince me. Where is this coming from? You don't want what to happen? How is my comment about Trump's competence on the world stage leading you to comments about social security? Something you heard? Where? YouTube? How did you get onto the topic of digital currency? Most currency today is digital, mere bits in a database. Did you mean cryptocurrency? The government has little ability to track physical currency. And now you're onto taxes? You're not replying to me. You're just typing whatever comes into your head. Sure, fine, you've touched on nearly everything else, why not the kitchen sink, too. No, it is not a Ponzi scheme. Maybe you're thinking of the Bankman-Fried fraud, or Bernie Madoff. Cryptocurrency is just another example of popular delusions and the dynamics of crowd behavior. What did Trump promise about gold? How is the way Trump, Musk and Putin diversify their investment portfolios relevant to any point you're making?You're post was horrible, just you free associating while typing.--Percy

Anything that Trump "stands for" depends on who had bought him most recently. For example, entering the campaign he was totally against TikTok, but then he got a contribution from TikTok and suddenly he was totally FOR TikTok. The only thing Trump has ever actually stood for was getting more money.Yeah, he started out being against crypto, but then they bought him and now he's all behind crypto. And it's part of his new grift. And they are lining up to get their hands on a lot more gold. Our gold as they prepare to replace part of our gold reserves with crypto-currency "in order to reduce our debt".On Friday, Chris Hayes (All In With Chris Hayes) laid it all out: 8½ minutes long. At around two minutes, he gets to crypto. One of the problems with crypto is that it lacks liquidity; you can't do anything with it (outside of conduct criminal activities like cartels). It is difficult to sell, besides which doing so would drive the value down, etc. By 4 minutes, he discusses their plot: bring in a new buyer, the US government, who will be obligated to sell billions of dollars of our gold (at least $100 billion) in order to buy bitcoin from the billionaires who cannot do anything with their bitcoin investment. IOW, it's a massive bailout for the billionaires at our expense, but then with the Republicans what else is new outside of the massive scale and sheer audacity.Yeah, that's your "financial genius businessman" Trump at work. Lining up to suck all the nation's wealth into his own pocket and into the pockets of his billionaire friends.Well, as Thomas Jefferson warned us, in a democracy the people get the government they deserve.

Trump doesn't even know what a tariff is.

I want to point out to Phat the difference between your use of a YouTube video and his. Phat presents YouTube videos and tell us the conclusions or what he thinks they prove. You presented a YouTube video and explained the central content and reasoning.--Percy

Trump knows better? The guy who has gone bankrupt 5 times and doesn't know how tariffs work?Trump is now saying he will get rid of birthright citizenship. He actually thinks he can unilaterally change the US Constitution to fit his views. He's a fan of scamming his followers with NFT's, which are pretty much the same thing. Trump Selling More NFT Trading Cards—As He Courts Crypto VotersThen you don't know what a Ponzi scheme is. Putin and the Russian government is trying to trade that gold for US dollars because they need US dollars more than they need gold. He needs imports, and you can't buy imports with gold. He also needs to buy up rubles with US dollars in the open market to stop the freefall of the ruble. When we talk about the falling ruble we are talking about the price of the ruble to the dollar, not the ruble to gold.