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Wednesday was for many a commencement of sorts for millions upon millions of Americans. It was the day that the finances in the US began their slow return to a more ‘normal’ economy and began to shake off the burdens imposed by high interest rates imposed by the Federal Reserve in their quest to tame inflation.

The lowering of interest rates was the vindication of the very sound policies employed by the Biden-Harris administration to pump money into the economy “from bottom up and the middle out.” These policies are in truth a reapplication of Keynesian Economics that served the country so well to beat the Republican depression of the 1930s. They also served to give the US such a dynamic economy until the trickle-down economics of Ronald Reagan.

Trickle-down started showing big cracks in the George W. Bush days leading to an almost massive depression. Obama was able to save the economy and patch some cracks, but the foundation continued to erode as money flowed from the poor to the extremely wealthy. President Biden’s return of rebuilding the middle class and unions is working to fortify the foundation. So much so that even Federal Reserve Chair Jerome Powell noted that the economy is solid and employment is looking good.

With such a rosy outlook, is there anything to be wary of? As in so many issues, the who and how of running the economy is of huge concern this November. Make no doubt that VP Harris will most likely continue the prudent economic policies of her predecessor, President Biden. If she is given a Democratic House and Senate, we can hopefully have a government that functions and can rise to the challenge in the time of need.

Trump, on the other hand, especially if he is given a MAGA congress, will be pushing for economic policies that favor him and his backers. Given that less than a handful of MAGA congress critters have had any spine at all to stand up to Trump’s crazy bleatings on anything, we sure could not expect any one of them to do anything but sit on their haunches as Trump and company destroy the economy.

While media continues to focus on the horse race and the culture wars used to distract media and voters, the MAGAs have been working behind the scenes to secure immunity for a potential Trump presidency. What could Trump do with that immunity?

Beside covering the corruption that pervaded his previous administration which saw son-in-law Jared Kurshner walk out the door with $2 billion and Trump himself get $10 million from the Egyptians, I think we will witness Trump doing some phenomenal financial stunts designed to profit only one man, DonOLD Trump.

As the media droned on and on about as supposed assassination attempt gone awry, the Trump men – DonOLD, Junior, Eric and Barron – quietly announced on X that they were jumping into the world of cryptocurrency. Considering that family’s propensity to stretch the law to its breaking point and cryptocurrency’s use to avoid money laundering and tax laws this could be their hugest scam ever.

And think how much huger it could be with the power of the presidency, the protection of immunity, a totally spineless and corrupt MAGA congress, and an extreme right wing, very corrupt SCOTUS to give approval to any laws passed by said congress or issued through executive order. Throw in that Trump recently stated that the President should have some control over the Federal reserve policy just to add to the conglomeration of power. The mind just boggles.

So not only would Trump first return to the trickle-down model with big tax cuts for the wealthy, he will then pivot to what? Manipulating the currency of the US to include cryptocurrency in which he will have a major stake. I am telling you, folks, this could be by far the biggest crime ever conceived. 

It wasn’t done overnight, it took a lot of people to sell their souls, but if they can do it, it will end the US. 

I am sure many are skeptical, so here is the background story. This story gives us the background of Trump’s sordid past, crypto’s sordid present which leads to some speculation as to how this could come together.  

From Michael Hiltzik of the Los Angeles Times:

These questions all but ask themselves, however. Through this venture, Trump is setting himself up as an adversary of a banking and financial system that he would oversee as president, and as an advocate of an alternative financial system that has been the target of investigations and regulatory concerns raised by the Securities and Exchange Commission, the Department of the Treasury and other federal financial regulators. {my bolding – ed.}

Let’s not forget that Trump formerly condemned cryptocurrencies as a “scam” and “potentially a disaster waiting to happen.” By July, he had changed his tune. “Bitcoin is not just a marvel of technology,” he said in a keynote speech delivered at a major bitcoin conference. “It’s a miracle of cooperation and human achievement and a lot of relationships that are formed.”

Trump plainly smells money in this newfangled scheme. According to the white paper viewed by Coinbase, 70% of the crypto tokens to be marketed by World Liberty Financial — those carrying governance control over the project — will be reserved for founders and insiders such as himself. That’s an exceptionally high number, judging from other crypto ventures.

So what is World Liberty Financial but another Trump-branded get-rich-quick opportunity for himself? We all know how those others turned out. Why would this one end up any better?