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#broligarchs

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#HowardLutnick is claiming he has sold 1,000 permanent US residence permits for $5 million each (Trump's "Gold Cards") to the world's wealthiest kleptocrats, oligarchs, and crypto bros (though he doesn't describe them that way).

note that these people will be able to live in the US but (unlike US citizens) will not have to pay taxes on their foreign income.

you should expect america's billionaires to start "emigrating" to other countries and "coming back" as Gold Card holders for tax reasons.

No less than 76 #Democrats just voted with Republicans to overturn the #IRS's "defi broker rule" which would have required crypto firms like #MarcAndreessen's #Uniswap to collect information on their users and in so doing discourage the use of these platforms for #moneylaundering by criminals and rogue nuclear states (#NorthKorea *loves* Uniswap) and by the very wealthy to avoid paying #taxes.

The new wave of #memecoin scams like #TrumpCoin are also all facilitated/perpetrated by these decentralized trading platforms.

If any of these people are your representative you should do what you can to make sure they are primaried because they are not representing your interests. At a minimum call them and yell at them (this works better than most people think!)

The corruption of the US government by #crypto bros is extremely bipartisan.

* Full roll call of vote: clerk.house.gov/Votes/202571

#uspol#defi#DOGE

New paper from #Yale and the #FederalReserve blames the 2023 banking crisis on (you guessed it) #crypto and Nerd Reich #VCs.

> "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: #crypto firms and [tech] venture capitalists."

* American Banker: americanbanker.com/news/new-pa
* Paper: chicagofed.org/publications/wo

Hi!

Dow, down 2% today, 5.5% in the last month, it was 8.8% lower a year ago. Another month+ at this rate: #BigHands will wipe out a year of #Dow growth.

Will #capitalists & #oligarchs (not the #broligarchs ) step in?

#nasdaq down 4% today alone, 11% over the last month, now only up 9 points in the last year. Less than a month more will wipe that.

#sp500 2.7%, 7.2%, now up only 9.7% over 12 months.

American capitalists: end that #fascism! Don't be a idiot.

#America is going to be suffering a #braindrain. The cutting of funding to important #science and #medicalresearch is monumentally stupid. Instead, they're going to throw money at the #broligarchs and wow, is that even more idiotic. #AI isn't going to prop up the entire economy of the #UnitedStates. Where do these #project2025 people think all these out of work #scientists are going to go? They sure as hell won't be hanging around the #US. The #world will have the pick of the best and brightest the US has to offer.

The Organized Crime and Corruption Reporting Project, one of the world's most important resources when it comes to digging up information about #kleptocrats all over the world, lost 29% of its budget due to #ElonMusk's attacks on #USAID .

There are few better causes you could donate to where your money would go anywhere near as far as it would with OCCRP (journalists in Moldova are kinda cheap in the scheme of things).

membership.occrp.org/stand-wit

🚨 owner of the #LATimes just invited the king of the crypto bros #MarcAndreessen, a man whose VC fund #a16z has backed innumerable scams in all shades of fraud (see: #Yotta and #Synapse most recently) in addition to companies that facilitate incredible amounts of Russian #moneylaundering to join the editorial board.

#KleptocracyIsComing

tweet: x.com/DrPatSoonShiong/status/1
more on a16z: cryptadamus.substack.com/p/of-

andreessen spewed so many outright lies on #JoeRogan a few weeks ago that it kind of spawned an entire cottage industry of line by line takedowns of his bullshit: universeodon.com/@cryptadamist

seems like the kind of guy #journalism needs right now