{"id":79021,"date":"2024-12-09T07:28:45","date_gmt":"2024-12-09T07:28:45","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=79021"},"modified":"2024-12-09T07:28:45","modified_gmt":"2024-12-09T07:28:45","slug":"is-trump-really-looking-to-do-a-bitcoin-bailout","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/12\/09\/is-trump-really-looking-to-do-a-bitcoin-bailout\/","title":{"rendered":"Is Trump really looking to do a Bitcoin bailout?"},"content":{"rendered":"<p>I have <a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/12\/09\/trumps-planning-to-crash-the-global-economy\/\" target=\"_blank\" rel=\"noopener\">this morning posted a video<\/a> on why I think it's Trump's economic plan to crash the world economy so that there might be a bailout to benefit the wealthy.<\/p>\n<p>That video was recorded late last week.<\/p>\n<p>Over the weekend, occasional commentator and long-term friend of this blog, Ivan Horrocks sent me this from MSNBC broadcast over the weekend:<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/qWANiC28M8o?si=HrRDnjmB4KtagYnt\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>The suggestion in that broadcast from Chris Hayes is that not only does Trump want a bailout, but he and his cohort want one for Bitcoin because they know how unstable it is without state support.<\/p>\n<p>I suggest watching it. Everything he says is plausible and supports three things I have always said.<\/p>\n<p>First, Trump has only the interests of the wealthy at heart.<\/p>\n<p>Second, he and they know that there is no real value in Bitcoin because it has no obvious use except for crime - and I am not accusing them of that.<\/p>\n<p>Third, they want to capture the capacity of the state to support their wealth, not least by supporting the supposed value of Bitcoin.<\/p>\n<p>The Republican plan to hold a strategic Bitcoin reserve cannot be explained in any other way, in my opinion, but I look forward to well-reasoned alternative views.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have this morning posted a video on why I think it&#8217;s Trump&#8217;s economic plan to crash the world economy so that there might be<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/12\/09\/is-trump-really-looking-to-do-a-bitcoin-bailout\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,106,75],"tags":[],"class_list":["post-79021","post","type-post","status-publish","format-standard","hentry","category-economics","category-politics","category-usa"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/79021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=79021"}],"version-history":[{"count":4,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/79021\/revisions"}],"predecessor-version":[{"id":79033,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/79021\/revisions\/79033"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=79021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=79021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=79021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}