1/I want to highlight the chatter in right wing circles around the possibility of “strategic default” as a means for bankrupting the CCP and crashing the global economy, tipping assets towards “hard money,” and creating a self-fulfilling prophecy next week.
2/They are fully convinced of the Fed’s sinfulness; they want to *prove* that Austrian economic theory is right; they want to “stick it” to China. They can do ALL of this by failing to raise the debt ceiling next week — proposed seriously below.
3/Even flirting with this idea is madness, and @LeaderMcConnell has backed off his early bluster in recent weeks, suggesting he will not risk this crazy move.
But, what if he isn’t telling the truth, or someone “convinces” him otherwise? We can’t risk this.
4/We *really* don’t want to go down this road, but chatter suggests it’s not a dead idea. Keep a sharp eye on this. We must be ready to raise a stink nationally to prevent Waller’s unhinged idea from getting further traction. It will launch us into an unprecedented hell.
5/Goes without saying that this would also stick Biden with crashing the economy and probably starting WW3 on his watch, facts that would inevitably be used towards great effect in 2022 and 2024. So it’s win/win/win for libertarian ideologues; bonus points if Jesus returns also.
Please refer to these points when evaluating rhetoric coming from cryptocurrency and NFT cults. Once you see them as markers of cult behavior, they're easy to call out.
#1 "Crypto spaces" create safe spaces where participants can "help" each other and build social bonds. These spaces are imbued with "love" and "constructive energy" that enable people to "build" and "learn together about what works."
#2 Certain actors in the space are imbued with mystical energy or properties, say a Saylor, Dorsey, Musk, Thiel, or Novogratz. Their prognostications are watched closely, and when they are right, they are assigned prescience and respect. They signify a top of a hierarchy.
1/Thiel, HRF, Musk, Putin, Flynn are synchronized not necessarily because of explicit coordination but because of interest alignment and network influence, according to two sources close to these networks I spoke with yesterday.
2/The idea of crashing the dollar, defaulting on US debt, shifting oil transactions away from the dollar as the world reserve currency, is something of a libertarian fantasy trope, an archetypal myth that would validate Austrian School theory, and thus becomes a myth, a legend.
3/This trope thus becomes the morality play at the heart of every doomsday tale: the moment when the truth is revealed, society collapses and must atone for its profligate spending and moral sins, and the weak (“fiat”) heretics are separated from the pure (“gold”) believers.
The Human Rights Foundation @HRF is being used to advance a plan to crash the global economy and drive assets into cryptocurrencies.
This is a pump and dump on a global scale, hiding behind “human rights” with positions functionally indistinguishable from the John Birch Society.
Alex Gladstein, the @HRF’s Chief Strategy Officer, has become increasingly visible in recent weeks, like an internet whack-a-mole, offering to debate anyone who critiques cryptocurrency.
He argues that crypto helps individuals subvert dictators, a somewhat valid claim. However…
He also asserts that fact means it also should be brought into widespread use in pluralistic democracies with advanced monetary systems, such as the US and EU.
This is a fascist position. To understand that, one needs to go back to the 1930’s…