The truth is too nuanced for some to grasp - convicted criminal Trump plays on that.

If China continues to advance its strategy to displace the US as the predominant global economy any conventional estimates of potential retirement funding should be considered redundant. And it is.

You don't have to be left wing to decry the corrupt and misguided 'reforms' that have led to this. You just have to understand the underlying nature and functionality of the fiat monetary system.

This gross and growing inequality is the result of neoliberal deregulation of banking in the late 1970s and early 1980s. The financialisation of everything.

The removal of the crucial restriction on the purpose for which commercial banks could issue fiat debt finance- prior to the neoliberal 'reforms' commercial banks could only finance productive purposes. After the reforms the fiat debt funding of speculation sky rocketed- resulting in sky rocketing assets prices (think housing) and the establishment of the parasitic rentseeking crony capitalism that is the US and most western economies today.

Neoliberalism being the antecedent to Libertarianism. Their markets solve everything ignore the propensity to form monopolies and cartels and to misuse fiat debt funding for speculative purposes resulting in a parasitic wealth creation model where inequality skyrockets, productivity plummets and here we are.

Thanks for nothing Neoliberal Libertarians. You wrecked the west and opened the door for China to rise and subjugate western civilisation.

How do you conclude that from the content above?

Just spreading the truth.

'One who makes unreasonable profit not justified by cost or risk.'

Hes a narcissist sociopath.

What does it mean to be convicted of a crime? The judicial process is a complex one, but, in general, once a person is charged, they go on trial. A judge (and in many cases with a jury) hears the evidence presented against them (brought by the prosecution) as well as as their defense. If convicted, the person has been proven beyond a reasonable doubt or declared guilty of the offense. Trump is a convicted criminal.

What does it mean to be convicted of a crime?

The judicial process is a complex one, but, in general, once a person is charged, they go on trial. A judge (and in many cases with a jury) hears the evidence presented against them (brought by the prosecution) as well as as their defense.

If convicted, the person has been proven beyond a reasonable doubt or declared guilty of the offense.

Trump is a convicted criminal.

Massive abuse of power and position. Profiteering from the weak and gullible. Misusing his elected position to make personal gain. Lock him up.

Elon is exceptional. He makes things and fixes things...he adds real value.

Sad that he is exceptional because the west once built its wealth and power upon engineering- building things- today the neoliberal legacy of financialisation has made bankers and other parasites the new godkings.

China has made its advance because China understands and celebrates ENGINEERING! 80% of the CCP poliburo are trained ENGINEERS. And so China has won the trade war because it has learned how to build things- certainly a lot of its production is based upon copy and pasting western designs- but meanwhile the west forgot the importance of ENGINEERING.

Today a Chinese French consortium is building the UKs first new nuclear power station for decades- this is fucking humiliating- the Brits have lost the ability to build. Europe is screwed.

Elon reminds us of the importance of engineering and building useful things for the world.

People individually are weak and vulnerable. Religion gives a narrative upon which to form groups and have strength. Religion and politics are thus closely aligned-rulers like to claim authority from God/s. Algorithms look like they have the potential to displace religions as they enable human organisation and structure.

Russia can only wage war upon Ukraine because China buys their oil and gas and paying for it and enabling other trade via Chinas alternative trade payments network based in Hong Kong.

China has won the trade war- it produces the majority of manufactured goods more efficiently than any other nation and it pays the best price for commodity inputs.

China having won the trade war must logically project its power into the tertiary layers of global power and trade payments is the most significant of these. China is now building its alternative trade payments network with N.Korea, Iran, Russia already fully absorbed and increasingly with BRICS nations moving in the same direction. If only a few more leave SWIFT and embrace the Chinese alternative the collapse of USD power and wealth could be very swift.

Trump is the boy holding his finger in the dyke of crumbling western imperialism.

Nations must trade with China or lose significant advantage- Chinas Development Bank already finances far more global infrastructure projects than the World Bank. SWIFT/IMF do not have the data on Chinas alternative trade payments protocol.

The hundreds years of humiliation were engineered by the British Navies cannons and the British imperialists Hong Kong banks - now China is reverse engineering that western financial hegemony, via Hong Kong, and its already operational CBDC Yuan.

Speaking of nuance you fail to see Chinas role in the greater game.

Putin is a Chinese proxy. Russia is now reliant upon Chinas purchase of their oil and gas and Chinas routing of trade payments via its alternative trade payments network based in Hong Kong. China is building a global new order and Putin is an attack dog military proxy and economic tributary to China.

Putin is a Chinese puppet. https://www.newyorker.com/news/daily-comment/russia-and-china-unveil-a-pact-against-america-and-the-west

China has won the trade war. It is perfectly logical, in fact inevitable, that China extend its power reach from trade domination to military and strategic power projection.

All empires built on trade domination are forced to project their power to protect and enhance the resource hegemony/trade routes that are vital to a dominant trading nation.

USA is a failing decadent legacy power facing the rise of Chinese wealth and power. More new millionaires and billionaires are created in China everyday that USA. Young Chinese quite reasonably look forward to a brighter future while young Americans cannot.

Trump is enabling and legitimising Putins land grab in Ukraine and by so doing encourages Chinas strategy of incrementally dismantling the USA led global order and replacing it with a world where China is predominant.

Allowing and enabling Chinas expansion might be an expedient short term move for USA but longer term it cements the decline and collapse of US wealth and power as it alienates traditional allies and isolates USA.

'What my experimentation with bitcoin had taught me was that the main reason to hold "isn't because they make great exchange media—it's because they're the best speculative vehicles to hit the market since 1999 Internet stocks." But that wasn't what I was there for. What had tantalized me was Satoshi's vision of electronic cash, a revolutionary digital payments system. Not boring old speculation.'

And he is correct on this- Bitcoin has largely failed to gain traction as a p2p payments protocol. Due to the sly obstruction of use for payments (absurdly complex tax recording and payment obligations and the risk of debanking for businesses that accept Bitcoin) Bitcoin is now almost exclusively used as a speculative commodity.

Spin it how you like he is right. The fiat operators (bankers and governments) have responded to the threat Bitcoin posed as an alternative payments protocol and they have succeeded in obstructing it from becoming widely used as an alternative to their fiat MoE hegemony.

Bitcoin is now stuck in the narrative of being a speculative commodity with little chance of escaping this trap. The US based institutional custodians will soon hold custody of MOST Bitcoin to ever be issued and what they hold will not be used for P2P payments. What is still held privately is again almost all being held as a KYCed tax liable speculative commodity, not used as a P2P MoE.

Now at the point where everything is declining. Happier than ever ~ spending my stack.

Interesting how extraversion and neuroticism appear closely aligned- perhaps as social competitiveness decreases with age?

Much as I would like this post to be true, its not. Trump has issued his own shitcoin as has Melania. Trump is profiteering from shitcoin. A massive and blatant abuse of power and position. ETH is up today. N.Koreans use Bitcoin too. Shitcoins will die off slowly but it will not be completed while convicted criminal shitcoin issuer Trump is in power.

Citizens of the USA produce 270x the GHG emissions that citizens of Afghanistan produce.

It is the wealthy 'developed' imperialists who are mostly causing climate change.

It is not population per say but wealth distribution.

Libertarians prefer to deny the scientific consensus and deny that climate change is a problem. Despite the facts such as recent years being the hottest ever recorded in modern history and demonstrable increase in severity of extreme weather events. The reason Libertarians prefer to deny is two fold imo- 1- they are closely aligned with and influenced by vested interests like the Koch brothers and other environmental vandals in the oil industry who have long sought to sow disinformation/FUD and thereby stall any meaningful action on climate change. 2- they are horrified at the implications of accepting climate change is a real crisis as the obvious solution IF you accept the crisis is collective government led action. For Libertarians who believe 'the market' will fix all problems this is too much to swallow and so they continue to deny the science and present themselves as a fringe lunatic death cult.

100% correct and well said. The primary beneficiaries of Trumps tariffs will be the US manufacturers who output they protect and the wealthy US citizens who benefit from his income tax reductions. But US exports will not benefit as only domestic sales will enjoy the improvement in competitiveness that the tariffs generate. Tariffs will probably make US manufacturing even less competitive as it becomes more and more and more dependent upon the protected and distorted domestic market. In a addition export markets are also certain to take retaliatory action of some form which likely would disadvantage US exporters. China has won the trade war and tariffs will not reverse that. Trumps tariffs will only make the US more isolated and less competitive. They will also push other nations into even closer economic relationships with China.