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Weell. Not that anyone would ever do this.... but hypothetically if they did.... If I was powerful and wanted to tank the dollar and get rich off it, here is exactly what I would do.I would hire a Treasury Secretary who already made $3.5 billion crashing another country's currency. I would put my guy in charge of the agency that approves bank charters. I would install a crypto czar with $200M in crypto holdings and give him an ethics waiver so nobody could challenge it.Then I would sign an executive order banning the government from ever creating a digital dollar so there was no competition.Then I would have my family launch their own private digital dollar. My family takes 75% of net profits. I would grow it to $4.6 billion in circulation and route a $2 billion Abu Dhabi sovereign fund deal through it to prove it works.Then I would get Congress to pass a law requiring every stablecoin in the country to hold short-term Treasury bills. Now every dollar of my digital currency is a forced buyer of government debt. Brookings projects $2.3 trillion in captive demand by 2030.Then I would have my OCC guy grant my family's company a federal bank charter. Now I can issue my digital dollar with federal authority.Then I would have my Treasury Secretary weaken the actual dollar. Bond buybacks that suppress yields but tank the currency. Build a $950 billion war chest for more. Let the debt hit $40 trillion. Dollar index drops to 99. Gold goes to highest point ever.Then I would kill the Corporate Transparency Act and delete the FinCEN beneficial ownership database. That was the one law that required every shell company in America to report who actually owns it. Without it, nobody can trace who is buying my stablecoin, who is routing money through it, or where the profits land.Then I would let the loop run. Weaker dollar drives demand for "stable" digital alternatives. The law I passed forces those alternatives to buy T-bills. That funds the government's debt. My family takes profit on every transaction. Foreign central banks walking away from Treasuries get replaced by legally mandated stablecoin reserves my family controls.Then I would use sanctions to start cutting countries off from the dollar system entirely. And when those countries need a new way to transact in dollars, the only federally chartered private digital dollar in existence is mine. They can buy it through shell companies nobody can trace because I deleted the ownership database.I just built a toll booth on the global financial system. I take a cut every time someone uses the dollar. And I made it so nobody can see who is paying.And every single step I just described has already happened.So what does that mean for you and I?The reason the United States can borrow at low rates and keep your mortgage and your car payment and your import prices stable is because foreign central banks hold trillions in dollar reserves. That system has always been public. The benefit went to everyone. Lower borrowing costs, cheaper goods , and the single biggest economic advantage any country has ever had.What I just described is the privatization of that function. The entity buying the debt is no longer a central bank acting in the public interest. It is a private company taking 75% of net profits for one family. The reserve function used to generate a public benefit. Now it generates a private fee.Your purchasing power shrinks every time the dollar weakens. Your 401k buys less in real terms. Everything you import costs more. And every time the dollar drops, demand for the private digital alternative goes up. The one the president's family owns. The one that by law must buy government debt.You absorb the cost of a weakening dollar. His family collects the profit. That is the trade.The enforcement mechanism to stop a sitting president from doing this? There isn't one. Former White House ethics lawyer Richard Painter says it would be a violation for literally any other federal employee, but not the president.Nobody voted for this. No one was asked. There was no debate. There is no enforcement mechanism. There is no one investigating it. The Senate tried and it was blocked.This is the largest conflict of interest in American history happening in broad daylight while everyone argues about something else.So what do you do? Share this. Make it impossible to ignore. Send it to your representative, your senator, every journalist you follow. We make them answer for it. Because the only thing protecting this scheme right now is the fact that not enough people understand it yet. But that would never happen, would it?

One winter's evening we found an straggly cat at our door. 
She was a sorry sight indeed. 
Starving and dirty, she smelled terribly and all her fur all matted in lumps. 
We felt so sorry for her so we put her in a carrier and took 
her to the vet. 
 We didn't know what to call her so we named her 'Pussycat.'

 The vet decided to keep her for a day or so. 
He said he would let us know 
when we could come and get her.

 My husband (the complainer) said, 
'OK, but don't forget to wash her, she stinks.' 
He reminded the vet that it was his WIFE (me) that wanted the dirty cat, not him.

 My husband and my Vet have never seen eye to eye. The vet calls my husband 
'El-Cheap-O', and my husband calls the vet 'El-Charge-O'.
 
They love to hate each other and constantly 'snipe' at one another, with my 
husband getting in the last word on this particular occasion.
 
 The next day my husband had an appointment with his doctor, 
who is located in the same building, next door to the vet.

 The MD's waiting room and office was full of people waiting to see the 
doctor. 
A side door opened and the vet leaned in - he had obviously
seen my husband arrive.

 He looked straight at my husband and in a loud voice said,

'Your wife's pussy doesn't stink any more. We washed and shaved it, and
now she smells like a rose. Oh, and, by the way, I think she's pregnant.
 God only knows who the father is!' Then he closed the door.


This video is incredible. I didn't know where to put it. It is brilliant. So accurate. I hope you can view it. https://www.facebook.com/reel/1366620815311013

I look forward to suffering such delightful political boredom.

State and local governments are racing to entice data centres without any thought for the environment, or power costs for the rest of the population for that matter. Because a few dollars in rates and a couple of security guard jobs are far more important than all the downsides.

Now that's art I can appreciate.

An amazing statue dedicated to Australian motorcyclist Kenny Blake. Located in Strathalbyn, South Australia. "Surely it is one of the most amazing and continuous tributes to a mate ever known. They come from afar to cheer this bloke, a motorcycling legend who won 11 Australian motorcycling titles. Some say he would have been at least the equal to Australia’s more recent champions Wayne Gardner, Mick Doohan and Casey Stoner had he not been forced to race on a shoe-string budget."

Did they think you just had a happy end to your car trip? Lucky you!

BTW, if you really want to stop the rent takers of the economy, start using cash for as many purchases as possible. Every card transaction - and I do mean every one - results with some going to one of two payments companies in the US. Even our dear eftpos has to pay a fee.

As mentioned elswhere, Trump's World Liberty Financial issued a stablecoin designated as $USD1. Stablecoins are digital assets pegged to a fiat currency, in this case, the U.S. Dollar. So what are a 'fiat currency' and its operating device, 'fiat money'. Fiat money is a type of government-issued currency, authorized by government regulation to be legal tender. Typically, fiat currency is not backed by a precious metal, such as gold or silver, nor by any other tangible asset or commodity. In days of yore, kings, emperors and other governing bodies facilitated trade across distance by producing tokens (coins) to which they assigned a nominal value, usually based on a set amount of the valuable physical item. Evenutally the valuable physical item came to be a metal. The metal could be gold, silver, copper or an alloy such as bronze. The common feature of the item was that it could be used to produce other things such as jewellery in the case of gold and silver, or simpler objects in the case of copper and bronze. The value of the item was related to a predetermined value of the metal, and that value was set by the producer of the item. As the populations of the regions using coins increased, and the amount of trade carried on over large distances increased, the amount of valuable physical material available to produce coins lessened. Also as the value of transaction increased, it became difficult to carry large weights of coins over long distances. So 'paper money' was invented. Paper money was first used in China in the 7th century A.D. Like modern banking, individuals would deposit coins with a trustworthy party and receive a note indicating the amount. The note could then be redeemed for currency at a later date. In other words, the note was backed by actual physical items. Eventually global trade grew to such levels that governments could not continue to meet the promise of exchanging note for valuable physical items made of "precious" metals. This lead to the adoption of fiat currencies and fiat money. In monetary economics, fiat money is an intrinsically valueless object or record that is accepted widely as a means of payment. Accordingly, the value of fiat money is greater than the value of its metal or paper content. Fiat money generally does not have intrinsic value nor a use value. It has value only because the individuals who use it (as a unit of account or, in the case of currency, a medium of exchange) agree on its value. They trust that it will be accepted by merchants and other people as a means of payment for liabilities. From 1944 to 1971, the Bretton Woods agreement fixed the value of 35 United States dollars to one troy ounce of gold. The Bretton Woods system required countries to guarantee convertibility of their currencies into U.S. dollars with the dollar convertible to gold bullion for foreign governments and central banks. Other currencies were calibrated with the U.S. dollar at fixed rates: for example the pound sterling traded for many years within a narrow band centred on US$2.80. The Bretton Woods system was ended by what became known as the Nixon shock, a series of economic changes by United States President Richard Nixon in 1971. These changes included unilaterally canceling the direct convertibility of the United States dollar to gold. Since then, a system of national fiat monies has been used globally, with variable exchange rates between the major currencies. In modern economies, relatively little of the supply of money is physical currency. For example, in December 2010 in the U.S., of the $8,853.4 billion of money supply in all forms , only $915.7 billion (about 10%) consisted of physical coins and paper money So now, all those trillions of dollars spoken of in relation to international and domestic debt are simply numbers in ledgers. Their actual worth relies solely on the promises of the buyer to pay the seller what is owed. Global debt reached a record high of nearly $346 trillion by the third quarter of 2025, driven by surging government borrowing in both developed and emerging markets. This figure represents over 300% of global GDP. That means that roughly only $115 trillion in debt could be met through productivity. The remaining $230 trillion is Scotch mist.

Although largely correct, my understanding of stablecoin is that it has to be backed by a liquid asset to derive its value. In other words, we would treat it as a derivative financial instrument when pricing it. I am not sure how the inversion of the dollar value would send the stablecoin up in value. It effectively becomes a proxy for directly buying US Treasuries in this case. There is no mandate for a stable coin to buy anything.. but on issuing more of the currency the stablecoin can do one of two things.. not buy any, which will dilute the value of the already issued coin as well as that of the newly issued coin, or top up their reserves of whatever is backing the stablecoin - in this case US Treasuries. These holding represent hedges against the loss of value of the coin against the currency they are stabilised against. Importantly, they don't have to buy up new US Treasuries (or whatever currency they are stabilised against), and they don't have to buy the debt - they can hold cash reserves - though that is far more expensive. I am nto sure about the retail market, but any intitutional interest in a properly hedged stablecoin as a result of a decrease in the demand of the asset backing it would not lead to an increase in demand.. In fact, it would go the other way. In the above case, if they saw the dollar dropping, they would probably take short positions in that coin (note, assuming this is not speculative) because even if it took a while for the hype of the retail investors in the coin to wear down, the coin would drop to its actual value... Also, for the coin to remain a stablecoin, as it dfoes not have cash as a hedge, it would likely have to buy more US Treasuries to maintain its stable status, and that could squeeze its finances and eventually cause it to break from the claim of stablecoin, which would then kill demand and value as it becomes another meme coin after that, or go into massive debt to hold its value. If the dollar stayed long term depressed, either way, the coin will eventually go with it from a retail investor perspective. That is my favourite. Errr.. Yes they did.. They knew tariffs were coming, and from his first stint in office, they knew he was going to be a lying, corrupt con artist. The fact this bit was not in his policy did not mean he wasn't going to try to use the presidency to disproportionately enrich himself corruptly. It could have been any myriad of ways to do it.. And yes, you just had to listen to his policy speeches (rallies) and realise he was all about tanking the US economy through increased debt and tariffs, and being a dictator. It seems that people are really no smarter than any other animal - you offer them a morsel of bait with a giant hook in it, they will not see the hook and just take the bait, hook, line, and sinker (in fact, some animals seem smarter as when they see the hook, they nibble at the bait but not take the hook). And then they will start thrashing about trying to get off the hook as they are drawn to the usually inevitable conclusion. In the aftermath of the initial policy implementations, it was educating to see how many people who voted for Chump say they didn't vote for the policies he implemented - the very same policies he was very clear about implementing before the election... Teachers voted for slashes to the education budget, government workers voted for DOGE, undocumented immigrant families voted for ICE.. those on SNAP having it withdrawn, and the list goes on. It was absolutely mind boggling when they would turn up on youtube and MSM and say they didn't vote for that... What they thought for some reason is it wouldn't happen to them.. when it was clear it would. And the funny thing was they often said they would still vote for him... They are getting exactly what they voted for.

That's truly amazing. The more you look at it the more you see.

80 doesn't seem to be a good number for celebrities this month

Sorry but I don't share your enthusiam. I think that date will be when the real pandora's box will open. The flow chart of Distopian possibilities starts branching before that, but gets bizarre after that date.

If you look closely, you see the artist used Sidchrome spanners. So it has a high Australian material content.

Suuuure.

I call my wife’s chai latte “Squirrel nut juice” bloody stuff is terrible. she does not like that name. Her cousins looked at me strange when I got to their place and explained the mess on my shirt as nut juice. Her over full cup had splattered all over me in the car whilst holding it.

one thing for sure..they wont declare any taxable income for the work processed, magically they will all run at a loss.

Thanks Wille. Not the sort of view that Tourism Australia would caption "Where the bloody ell are ya?" But it representative of a bloody lot of our wide brown land. When I first travelled the outback in my teens, all I saw was endless monotony. But the country grew on me. Now, I miss it too. We are heading to that country today.

Time to liquidate my fiat currence. The BWS has a great exchange rate at the moment. When the big crash comes, at least I'll have good wine.

Actor Tim Curry passed away on August 25 aged 80. Starred in The Rocky Horror movie.