. . .
K “We are.”
J “We sure are.”
. . .
Bumper sticker of the week:
. . .
Bumper sticker of the week:
. . .
K “The Department of War. That says it all.”
. . .
K “He is not the Commander-in-Chief, he is the Chief War Pig on the war path.”
J “The War Pig may get roasted. Those advocating for war need to be more strategic. They need to have some strategy. The U.S. is low on ordinance and without a manufacturing base is unable to resupply on short order. It is a dicey time to roll the war dice.”
K “Only the Pentagon may realize that the U.S. would lose a conflict against China and surely would lose against China and Russia.”
J “One major conflict may flare up and trigger three to five other countries to move against the U.S. or its allies.”
K “The world is waiting for and waiting on a spark.”
. . .
K “The U.S. sent the Gerald R. Ford Carrier Strike Group to the Caribbean Sea on Sunday. There will come a time and there will be a theater when an entire carrier group is wiped out by a motley band with drones. That will not play well back home.”
. . .
J “Tear down the East Wing, tear down Western Mores.”
K “As I firmly contend, the ‘Symptom’ of the ‘Problem’ has become a ‘Big Problem’ for the country and the planet. I note to adherents and disciples of the Problem that their candidates and actual policies are the Problem that spawned our current circumstances. They look dumbfounded because the observation finds them dumb to their predicament.”
. . .
J “Starve the populace. That is a nice touch going into the giving of thanks and the mass for a Big Thinker. Without bread, the circus may not suffice.”
K “After the election, I noted to some folks that his election delayed the revolution for perhaps four years. Now I wonder if he will elect to trigger it within the next four weeks.”
. . .
K “The few positive aspects of MAGA – reigning in the wars, respect for the First Amendment, regard for civil rights, responsible spending on America and Americans – have been discarded by Trump. Trump is the Swamp.”
J “Trump is the Swamp. Some of the MAGAts are angry and just may manifest their restiveness in restfulness.”
. . .
J “Here be dragons.”
. . .
Bumper stickers of the week:
“Reality is that which, when you stop believing in it, doesn’t go away.” Philip K. Dick
Trump is the Swamp
. . .
K “A prize dedicated to acknowledging and celebrating the work of someone who or some organization that contributes to the advancement of medicine and public health. Someone who adheres to the phrase ‘first, do no harm’ and if possible ‘second, do good’ for the public. The inaugural award is to Dr. John Campbell who courageously and tenaciously works to challenge medical orthodoxy and advance well-founded but unpopular ideas in a subtle and diplomatic way while keenly aware that rich and powerful interests oppose his efforts.”
J “I’ll vote ‘present’ on this one.”
. . .
Bumper sticker of the week:
Primum non nocere
. . .
K “A prize dedicated to acknowledging and celebrating the work of someone who or some organization that really knows something about jurisprudence and the impact of courts, judges, lawyers and police on the lives and livelihood of ordinary citizens. Someone who lives the conviction that men and women should establish and respect some norms and standards that are promulgated clearly to all and enforced equally in favor of and against all.”
J “Someone who advances the Rule of Law and stuff like that.”
. . .
. . .
Bumper stickers of the week:
Give civil rights and civil liberties a chance
Make Civil Liberties Great Again
Rediscover the Constitution
. . .
K “An award acknowledging and celebrating the work of someone on the planet who really knows something about eco-nomics. Eco-nomics is about making and sharing; e-con-omics is about taking and stealing.”
J “The Noble Prize in Eco-nomics is a delightful and playful replacement for the discredited and misnamed ‘Nobel’ Prize in Voodoo E-con-omics. You get what you reward. You need to reward what you want to get. Who gets it this year?”
K “The recipient of the tenth annual Noble Prize In Eco-nomics is . . . David Rogers Webb, the author of The Great Taking book and documentary who discusses ‘the taking of collateral (all of it), the end game of the current globally synchronous debt accumulation super cycle. This scheme is being executed by long-planned, intelligent design, the audacity and scope of which is difficult for the mind to encompass. Included are all financial assets and bank deposits, all stocks and bonds; and hence, all underlying property of all public corporations, including all inventories, plant and equipment; land, mineral deposits, inventions and intellectual property. Privately owned personal and real property financed with any amount of debt will likewise be taken, as will the assets of privately owned businesses which have been financed with debt. If even partially successful, this will be the greatest conquest and subjugation in world history.’ His work provides the clearest vision into the Great Scam that is our current nightmarish political and economic landscape.”
J “I second the award. We are allowed to play with our money and our lives until it is inconvenient for the Owners. We are all slaves now.”
. . .
K “The Swedes will reward someone who is promoting and advancing our conquest and subjugation.”
J “That is their job.”
. . .
Bumper stickers of the week:
We are all slaves now.
What is this book about?
“It is about the taking of collateral (all of it), the end game of the current globally synchronous debt accumulation super cycle. This scheme is being executed by long-planned, intelligent design, the audacity and scope of which is difficult for the mind to encompass. Included are all financial assets and bank deposits, all stocks and bonds; and hence, all underlying property of all public corporations, including all inventories, plant and equipment; land, mineral deposits, inventions and intellectual property. Privately owned personal and real property financed with any amount of debt will likewise be taken, as will the assets of privately owned businesses which have been financed with debt. If even partially successful, this will be the greatest conquest and subjugation in world history.”
Make eco-nomics great again.
. . .
J “This term, the Supremes must squire the disputes between Trump and the lower courts and reign in the King. The Court may not be capable of providing a review of all the policy decisions designed to swarm and overwhelm the system.”
K “The power of the Presidency has expanded in starts and fits since the Lincoln Administration. While in power, neither party has done much voluntarily to restrain the Executive. Now the guard rails of self-restraint are gone.”
J “On its best day, the Supreme Court’s power is incomplete if not inadequate.”
. . .
K “This is also our opportunity to render a verdict on the legal system. The whole system could be indicted and convicted of incompetence on a good day and willful venality on a typical day. Someone is profoundly disappointed.”
. . .
J “Here be dragons.”
. . .
Bumper sticker of the week:
“But liberty, as we all know, cannot flourish in a country that is permanently on a war footing, or even a near-war footing. Permanent crisis justifies permanent control of everybody and everything by the agencies of central government.” Aldous Huxley
. . .
J “He knows who owns him. He is dancing accordingly. When he is told to ‘flip,’ he flips; when he is told to ‘flop,’ he flops.”
K “Should he really be seen as a marionette who is only responding to strings.”
. . .
K “Despite the smoke screens, he is committed to continuing the war in the Ukraine, to expanding the war in the Middle East and to starting a war in Venezuela over oil.”
J “The confusion is calculated and overwhelms and enervates the opposition.”
. . .
J “Distract, diffuse, demoralize, delay, deny and defy.”
. . .
Bumper sticker of the week:
Distract, diffuse, demoralize, delay, deny and defy
. . .
K “The colors are the clue. The lime leaves are transitioning into lemon leaves to give us one more clue that change is coming.”
J “The leaves are leaving us. Out here, some are turning tea- and tannin-colored before dropping and departing. It is coming quickly. ”
. . .
K “Evergreen trees are such an enduring and enriching inspiration. Always the same. Always there. Always standing resolute. The Great Arborist came up with a diverse palette.”
J “Cutting one down for Christmas is always trying. Burning a dead one is a funeral pyre for the tree. Yet that is the cycle.”
. . .
K “The four cardinal dates in a year are somewhat akin to the four cardinal points on the compass. Markers that demarcate. Each date pushes me to make a quarterly review of the past activities and the next quarter’s possibilities. Four more chances to make and break New Year’s Resolves.”
J “I hope the next quarter does not also pass in a few weeks. Everything is moving and changing too quickly.”
. . .
[See the e-commentary at The Economic Equinox: Half Light; Half Dark? (September 25, 2023).]
Bumper sticker of the week:
“Now the leaves are falling fast” “Autumn Song” by W. H. Auden
Revisiting Cryptocurrency, Bitcoin, Etc. And Now Stablecoin (November 3, 2025)
Posted in Bitcoin, Cryptocurrency, Digital, Legal Disclaimer for e-commentary, Stablecoin on November 3, 2025 by e-commentary.org. . .
K “I have tried everything to avoid reaching a conclusion that goes against a growing orchestrated chorus of vociferous support. There is no way to avoid it. Bitcoin, Etc. is digital fiat. Fiat is fatal.”
J “No question. Bitcoin, Etc. is a great fraud and a grand scam. It is reflective of where we are as a country and as a society. Everything is mirrors and smoke and smoke and mirrors.”
. . .
K “Fifteen years ago or so, I met with some of the motley band of libertarians and anarchists who liked the shine of Bitcoin, Etc. They found a new passion and purpose in life. In our conversations at the monthly Tuesday night ‘Bitcoin Boosters’ rally, they could not really establish that it was a medium of exchange or a store of value or a unit of account, but they were tickled that it was a bold and blatant rejection of the establishment. I was intrigued. I listened.”
J “And now Bitcoin, Etc. has been co-opted by the Kleptocrats and the Plutocrats who have no interest in co-ops or cooperation. Bitcoin, Etc. is a story laced with irony and absurdity and surreality.”
K “A currency must be backed by a bayonet. The stateless nature of Bitcoin, Etc. lacks a bayonet to compel others to accept it.”
. . .
K “Money on some level is a store of energy. However, the very act of ‘mining’ Bitcoin, Etc. requires one to undertake a futile and useless waste of energy. No good is produced and no service is performed.”
J “There is something ironic and absurd and surreal about the process. The ‘proof of work’ is really a proof of stupidity and futility. The mandatory mathematical machinations are mindless manipulations.”
. . .
K “What was once thought to be a private exchange is now on the radar. The IRS requires a taxpayer to disclose merely owning Bitcoin, Etc. on one’s annual tax return. No other asset must be disclosed. Those in power know.”
J “Yet the ordinary citizen who tries to sell a Bitcoin, Etc. has no idea how the sale process unfurls and unfolds. Everyone on the inside creates more arcane steps and stops along the way before a Bitcoin, Etc. can be converted into . . . drum roll . . . filthy fiat currency.”
. . .
K “The zealots believe that the number of ‘coins’ will be capped at 21 million. Human experience teaches differently. Caps are always exceeded; a temporary measure always becomes a permanent fixture. When 21 million ‘coins’ are concocted, more ‘coins’ will be ‘mined’ by ‘forking’ or some other shenanigans.”
J “And an individual who is not satisfied has no rights and no remedies and no recourse against anyone or any entity or anything. Someone can only punch into the darkness.”
. . .
K “Some old ‘sound money advocates’ have decided there is profit in Bitcoin, Etc. and now treat it and tout it as the new sound money. Call me immediately skeptical of anyone who alleges that Bitcoin, Etc. is sound money. I maintain a list of its zealots because one’s attitude toward Bitcoin, Etc. is a very stark candid reveal.”
J “I am not skeptical. It is unsound money in a world of unsound money.”
. . .
J “And when the lights go out, the lights go out and Bitcoin, Etc. goes dark.”
K “The zealots state that it makes the transfer of money across borders easier. Some of the transfers appear to be for illegal activity.”
. . .
K “The big players behind Bitcoin, Etc. know that they have enough political stroke to bail out the big players when the cards collapse.”
J “The digital game is no different than the analog game. We cannot even claim to have a functioning capitalist system when all the losses of the big players are socialized and all the consequences for the little people are ruthlessly capitalized.”
. . .
K “So Stablecoin is some mysterious miasmi that weds Bitcoin, Etc. and Treasuries in a way that satisfies those in power who must maintain the relevance of Treasuries in the economic and political system. Those behind Stablecoin have allied with the government and thereby fixed their bayonet. The government gets almost absolute control out of what is effectively a Non-Central Bank Digital Currency (N-CBDC) with the big players still running and controlling the economy.”
J “Is it really ‘stable’ and is it a ‘coin’? Who knows what it really is. More smoke. More mirrors.”
. . .
K “I do not dispute that the blockchain technology is one of the major building blocks of the future.”
. . .
J “The big players will make great fortunes. Once again and without fail, the little people will pay to fund the casino and will lose in the end.”
. . .
[See the e-commentary at “Bitcoin”, “Ethereum” . . . “Blockchain Technology” Say What? (July 3, 2017) and Monkeying Around With Cryptocurrency: Pumping And Dumping And Monkey Hammering The Villagers (February 27, 2023).]
Bumper stickers of the week:
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In sum, please DO your own research, MAKE UP your own mind and OWN your own bloody consequences! Thanks. Do enjoy.
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