Jasmine Crockett, Mark Carney and Fartcoins

Jasmine Crockett, Mark Carney and Fartcoins

Jasmine Crockett who seems to be the voice of the resistance strikes again. Thecongresswoman from Texas said that it was not illegal for an illegal to come into the country illegally. Crockett said “They (the republicans) continue to say things like ‘the illegals’ and that they broke the law coming in. But what they’re not telling the American people is that it is a civil violation. It is not a criminal violation to enter the country illegally. It’s not. It’s not criminal. It’s not a crime. It’s not a crime.” Now Crockett is a graduate of Rhodes College in Memphis and has a law degree from the University of Houston. So one would assume that she knows the law with regard to whether an illegal coming into the country illegally has committed a crime. Almost immediately, those on the right exploded stating that under Title 8, US Code 1325, illegal entry is punishable by a fine or jail time. Tom Homan, the border czar, who had previously said that Crockett was “not very bright” was quick to unload on her. “It’s really pathetic that any member of Congress doesn’t understand what the law says.” Right. Especially one who is a lawyer. Did she pass the bar? Maybe Crockett misspoke.

Oh, Canada!

Donald Trump has flipped the coming Canadian election. Before the tariffs the conservative party was 20 points ahead of Trudeau’s liberals. Then Trudeau resigned and Mark Carney is replacing him. Now Carney’s liberals are slightly ahead of the conservatives. Why? Trump. Carney has pledged that Trump will not run roughshod over the country and resisting Trump has resonated with the Canadian voters.  Carney is the anti-Trump. He was the head of the Bank of England and the Bank of Canada.  He is a prominent leader of the global cabal that meets at Davos. Carney along with Michael Bloomberg and Blackrock’s Larry Fink were the main forces behind the net zero alliance pushing ESG (environment, social and governance) policies at the corporate level and seeking to rid us of fossil fuels. I once called Larry Fink the most dangerous person in the world since he is sitting atop $11 trillion in funds to manage. Of course, pressure mainly emanating from states like Texas, Florida and Tennessee and from republicans have caused Fink to back off his ESG demands. However, Carney who had been strong arming banks into signing the net zero pledges is still a true believer. So thank Donald Trump for getting Carney elected Canadian prime minister.

Fartcoin? Surely you juest!

I admit I know absolutely nothing about bitcoin. I cannot understand why any cryptocurrency has any value at all. I thought it was a way to launder money and would just be embraced by the dark side. Trump’s endorsement of bitcoin caused the price to go to $105,000. Trump announced a bitcoin reserve but said that the reserve would be from cryptocurrencies acquired through seizures and not through new purchases. That caused the price to promptly fall to $89,000. Someone told me that the attraction of cryptocurrencies is that they are outside the control of governments. Do I hear money laundering anyone? One person said that while the central bank can expand the money supply at will, not so much with bitcoin. Well I thought that you could create new bitcoin through “mining”. Anyway, if you reach a bitcoin limit all you have to do is create a new cryptocurrency. Currently there are over 25,000 cryptocurrencies extant. Moreover, there is something called meme coins that are created as a joke. There is a Trump meme coin, a DOGE coin, a Melania coin and even a fart coin. One would think that these would have zero value. But think again. The Trump coin is the number one meme coin and has a market cap of $2 billion. Fartcoin “only” has a market cap $250 million. Cryptocurrencies are the ultimate fiat currency. While national currencies like the dollar have been criticized for not being backed by anything other than the full faith and credit of the government, cryptos are backed by absolutely nothing at all making them the ultimate greater fool asset. Again one only would buy a cryptocurrency thinking that there is a greater fool out that that will be willing to pay even more for it. $89,000 for a bitcoin? Now where is that greater fool?

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