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@ Kevin's Bacon
2025-06-04 15:16:38
https://www.cnbc.com/2025/05/30/us-set-to-weaponize-taxes-on-foreign-investors-via-section-899.html
I think the Trump admin might be purposefully ceding some power to BRICS, aware of an eventual collapse of the dollar system as it stands today, while simultaneously specifically punishing foreign taxes in a bargain to reduce global tax rates on behalf of a coalition of U.S. corporations.
If the ceding power thing is not intentional, it is a happy accident that this taxation as well as the tariffs reduce the power of the Fed. I think it is likely part of a broader plan though.
They are, I suspect, playing the waiting game to see which currency BRICS chooses before they decide which thing the U.S. will to use and support as a gradual replacement settlement medium: gold or bitcoin. They've set the stage for mass adoption of both by corporations and the Several States via the news and policy buzz reaching normie ears.
The U.S. has tremendous say in what happens once any large coalition of imperial powers buys into a specific form of cash, as it owns so very much gold and stands ready to frontrun bitcoin, being so early in adoption. If BRICS frontruns them into bitcoin, they're kinda screwed. If they frontrun BRICS, they win substantial power, though China controls a huge portion of the Bitcoin security budget. This latter outcome might keep global power rather more decentralized than one would intuit. If BRICS switches back to gold, the U.S. can dump gold and buy bitcoin with it, leading more than half of the world to follow, weakening BRICS's investment into gold.
The only strategy where BRICS comes out ahead of where they are now is to buy bitcoin. The only strategy where the U.S. is sure to come out ahead of where it is now is to buy bitcoin. If U.S. policy is effective at seeking power for the collective, it will buy bitcoin. It all hinges on that. Kind of disgusting, but this is what states do: usurp unearned power.
Various factions in the U.S. are also considering trying to tank Bitcoin (the whole network) via cultural infiltration and psyops, especially if BRICS goes with bitcoin. This is impossible however. With a culture of paranoid cryptoanarchists ahtml
round the world using open source technology and trusting no information at face value ready to call out bullshit and adapting ahead of the curve, nothing stops Bitcoin.
Nothing stops this train 🧡