Bob Krause Profile picture
Feb 3 4 tweets 2 min read
Why do I agree w/ #CharlieMunger? Crypto supply isn't regulated by govt. How much of our inflation bubble was caused by massive unregulated infusion of weird M2 infusions of bitcoin into the economy? And how much recession fear is from an unregulated bust? fortune.com/2023/02/02/ban…
#M2= Money in circulation on Federal Reserve statistical tables. The Federal Reserve uses the indicator to control of the supply of money. #Crypto wreaks havoc with the reliability of this number. On the front end, it created explosive growth that helped trigger inflation. (2)
On the back end, with the #CryptoCrash, it helped to cause an un-measured contraction in the supply of money (M2). Are you happy that a chunk of this key economic tool is now in the hands of con artists, gamblers & dark money launderers? (3)
Another problem w/crypto: it makes taxpayers pay more taxes. When govt prints bills that aren't replacements, the face value of the bills, less costs, belongs to the govt & is used to reduce taxes & debt. It's called seignorage. If crypto prints electronic bucks, who wins?(4)

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More from @KrauseForIowa

Sep 18, 2020
Big #Covid19 outbreak at #MtPleasant #stateprison. 170+ inmates tested positive in sweep. Bumped #HenryCounty #Covid rate form 5% to 16.4%. But no impact on in-school learning at local schools thanks to #CovidKim's ruling that prison staff& families don't get covid. #iapolitics
What's #CovidKim's rationale for not including #prison & #packingplant #Covid19 cases in school opening calcs? Cuz active tracking would quickly identify cases & quarantine cases from the sites. So why didn't #IaGov establish the program? Needed 5K trackers. Now? 300. #IaPolitics
So what's in store for poor citizens of #HenryCounty (pop 20K)? Prison is 7% of population. 340 staff + 1000+ total prisoners. Assuming that half the staff are or 2B infected it's really big & no viable tracker system. Sorry. #SOL! #IaPolitics #CovidKim
Read 4 tweets
Aug 29, 2020
1)12 days B4 @NYT reported #Russia paid #Taliban a bounty to kill US troops, the nation's top military intelligence analyst, #AnthonySchilella, put a bullet in his head. Did he leak to NYT on #Trump's refusal to act? It would have gone thru him. @JoeBiden interc.pt/3job9Id
2) So now we have a bizarre #Putin-Like mystery on our hands. What reverberation or fear of retaliation would have set off #Schinella's suicide? Weeks from retirement . . . Was he placed in the impossible position of sticking with the truths he knew to be or lying?
3) The one fact that stands out. #Schinella knew. He was in the pipeline. He got it into #Intelligencebriefing for #POTUS in March, when it was first ignored. He knew the impact of the bounty on US lives and US morale. And he was stymied.
Read 5 tweets
Aug 28, 2020
1) #Trump's deals are like cockroaches. If you see one irregularity, there are bound to be at least a hundred more. Take for example, #Deutschebank. Invested $600M in #TrumpTowerChicago (and is documented as a #HotMoney conduit for #Putin's mob). chicagotribune.com/news/ctct-trum…
2) #DeutscheBank loaned $600M for #ChicagoTrumpTower when no domestic banks would lend to the bankrupt casino operator. There would have had to be some concurrences by DeutscheBank for #Trump to get #Mezzanine financing from #FortressCreditCorp to finish the project. #Resist
3) so why did #FortressCreditCorporation opt to take a $104M bath on a $150M note rather than snarl #Trump in court? #DeutscheBank maybe? Perhaps a secret backfill agreement to make #Fortress whole? And where is only logical source of funds for such an agreement? #Putin.
Read 4 tweets
Aug 22, 2020
Protest for #Navalny in #Siberia. Attempted poisoning of #Navalny augments anger over the jailing of a popular local governor on trumped up charges. Will the Siberia Navalny protests spread to #Moscow, or is fear of death already the object lesson? #KGB #Putin #NATO #Belarus
1) Coverage of the protests by #Belarus's largest TV station. As U can see, #Lukashenko has lost control of at least part of the media & no one seems to be stopping them. Earlier in the week it was reported that some #Belarus military units were also in the protest. #Putin #NATO
2) Meanwhile, #Lukashenko announced that #NATO is marshalling forces for an attack & has ordered most of his forces to his western border. This conveniently gets his troops out of harm's way if #Putin invades from east to stop #Lukashenko's collapse. NATO denies intent to invade.
Read 8 tweets
Aug 16, 2020
As I predicted. #Putin is waiting in the wings. If #Lushenko falls is #Belarus, #Russia will invade under a mutual defense pact. This puts the #RussianArmy head-to-head against #NATO countries in the #Baltics as #Trump scrambles NATO formations. #BigMess

theguardian.com/world/2020/aug…
@thewademethod If #Russia invades #Belarus to save #Lushenko & binds now independent nation into Russia a 'la #Crimea, what will #China do? #Belarus invasion puts #NATO on alert & draws resources. Great time for big event in #SouthChinaSea. They are allies & we are pinned down. #TrumpPutin
It's getting ready to happen. #Russia state TV just does not call for invasions for the hell of it. The invasion of #Belarus by #Putin, almost immediately after #Trump tears up the #NATO war plan by scrambling the forces. Was this planned with sweet nothings in #Trump's ear?
Read 5 tweets
Feb 17, 2018
1) Disturbing to me in #Mueller indictments was allegation of #Russia plant of #IaCaucus #Fraud stories. That broke the back of the party in #Iowa 4 2016 cycle. Caused mass party switches to independent in some parts of #IA. Remember #DemExit? #TrumpRussia #IaPolitics #IaDem
When #DemExit on #twitter & #FB was ongoing, I had a face2face discussion in #Fairfield of voter registration changes at the #JeffersonCounty court house. There were quite a few -- a direct consequence of #Bernie people being angry cuz they had seen SM fraud stories. #IaPolitics
3) I really saw damage from #TrumpRussia #IaCaucusFraud allegations in Oct 2016 going door-to-door in #Fairfield. The #DemVoter lists were "squishy." Lots of changed parties, lots of discussion of the #IaCaucus allegations of fraud and not voting #IaDem. #Mueller #iapolitics
Read 7 tweets

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