Originally published at: AI, GEOPOLIFINANCE, AND THE NEW GRIFT
“So what exactly is ‘geopolifinance’?”, you might be asking yourself. For one thing, it’s a word I coined for The Rialto in Richmond, Reconstructed, to denote that interplay of the deep state, its deep politics, deep events, and its financial and geopolitical calculations; it’s politics, geopolitics, and finance, all rolled into one comprehensive knot of deep…
6 Likes
Agree on the dangers of virtual capital. And I learned something with your comment that 21M bitcoin is not an absolute limit - thanks for that factoid.
Perhaps a small consolation, based on all the recent discussion of precious metals restoration to a monetary status, they seem to be pursuing both directions (crypto/gold) at once. Hedging the bets it would seem. Neither path seems to be a primary thrust, but perhaps seeking to not get caught ‘on our heels’ in case the world goes one way or the other. Tentative moves in both directions at once…unknown which will be the actual path.
I’ve done a fair amount of research and thinking on this lately. The global supply of gold (that publicly acknowledged) for example is not rising / has not risen as fast as the population and gross domestic product of the world. Therefore, if gold were a fixed reference standard (one of Judy Shelton’s talking points) the GDP divided by the number of ozs of gold would make gold continuously worth more and more…likely resulting in a deflationary trend. The danger there is people see the value of the gold-backed dollar they hold as gaining in purchasing power over time and postpone purchases to get more product for same money. So the economy effectively shrinks.
Shelton seems to be a prime candidate for DJT to appoint as Federal Reserve Chairman when Powell’s term expires May next year. In the below interview she subtly hints at some of the policy changes that she would implement including a partial backing of USD by gold. A bit long but worth a listen.
Trump’s Treasury Secretary Scott Bessent BTW was formerly a hedge fund manager and I hear it’s largest single holding was gold. And then there is the DJT gold toilet story :). Both seem to be aware of the value of a monetary ‘reference standard’ like gold.
2 Likes
I wonder if Musk is tasking the intel systems for database tracing.
2 Likes
Guess we’ll never know once the “first cause analysis” for X’s up and down outage today.