Friday, August 7, 2026

Trump’s Crypto Reserve Will Bail Out Silicon Valley and Wall Street Billionaires at the Expense of Average Americans

by Brian Shilhavy, Health Impact News:

One of Donald Trump’s campaign promises was to create a government “Crypto Reserve” where the U.S. Government would own cryptocurrency assets to be used to run the country.

Much of the talk was originally about the U.S. Government owning Bitcoin, but this past weekend Trump announced that it would include other cryptocurrencies as well.

The news originally sent cryptocurrency values higher, but most of them came crashing back down today, as did Wall Street in general.

The Ultimate Reset: Bitcoin to Erase U.S. Debt in 2026

by Kerry Lutz, Financial Survival Network:

The United States is drowning in debt—$37 trillion and counting as of April 2025 . Politicians and economists wring their hands over this colossal IOU, debating painful solutions: draconian spending cuts, massive tax hikes, inflating the dollar to make old debts cheaper, or even default. None of these options are palatable. But what if there’s a radical Plan B lurking in the shadows? What if Washington’s ultimate “reset” button is Bitcoin? In a scenario straight out of a financial thriller, imagine the U.S. government secretly hoarding cryptocurrency and waiting for the right moment to wipe out the national debt in one fell swoop. Sound far-fetched? Perhaps—yet the pieces of this speculative puzzle are falling into place.

Bitcoin surges beyond $60,000 mark

from RT:

The leading cryptocurrency has reached a two-year high after several consecutive days of gains

The price of Bitcoin, the world’s highest-valued cryptocurrency, surged past the $60,000 mark on Wednesday, according to CoinDesk.

The token rose above $60,600 at 14:55 GMT, its highest level since November 2021, marking a gain of over 6% over the past 24 hours.

FBI Will “Neither Confirm Nor Deny” The Existence Of Bitcoin-Creator Satoshi’s Records

by Turner Wright, Activist Post:

The United States Federal Bureau of Investigation (FBI) has reportedly responded to a Freedom of Information Act (FOIA) request from a journalist implying that Bitcoin creator Satoshi Nakamoto was a “third party individual” for whom it could neither confirm nor deny it had records.

According to an Aug. 13 X post by investigative journalist Dave Troy, the FBI issued a “Glomar response” to his request for information on Satoshi —- neither confirming nor denying the law enforcement agency had records identifying the pseudonymous Bitcoin creator.

“Biden Bucks” and the War on Crypto

by Jim Rickards, Daily Reckoning:

I’ve written a lot about central bank digital currencies (CBDCs) including the U.S. dollar version that I call “Biden Bucks.” The threat from CBDCs is enormous.

They are digital (but not true cryptocurrencies), which means they are programmable. The Treasury and Fed can use the CBDC ledger to track your purchases, look at your political contributions, look at your religious affiliations and basically profile you as an enemy of the state or “ultra MAGA.”

CBDC HELL

from Infowars:

TRUTH LIVES on at https://sgtreport.tv/

American Totalitarian “Crypto Dollar” May Come Before the Election

by Aaron Day, Brownstone:

Central Bank Digital Currencies (CBDCs) threaten to replace the cash we use with programmable, trackable, and censorable tokens controlled by governments. Your financial choices could be suppressed, and privacy eliminated. Based on what I’ve learned and experienced directly, this could happen before the 2024 election. The best way to stop it is through direct action, not through politics.

Texas’ gold-backed coin aims to help Bitcoin adoption, says lawmaker

by Helen Partz, Coin Telegraph:

The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.

A Texas lawmaker believes the state’s proposed gold-backed digital currency could play a key role in boosting cryptocurrency adoption.

Cody Harris, a Republican Party member of the Texas State House of Representatives, addressed the development of a gold-backed token in Texas at the North American Blockchain Summit on Nov. 21.

In a fireside chat with Coinbase’s David Duong, Harris argued that a state-issued gold-backed token could serve as a gateway for Texans to explore digital assets like Bitcoin BTCtickers down$98,515.

JUST IN: Edward Snowden predicts “A national government will be revealed this year to have been buying #Bitcoin without having disclosed that fact publicly.”

SOUTH DAKOTA’S ANTI- CENTRAL BANK DIGITAL CURRENCY BILL

by Joseph P. Farrell, Giza Death Star:

If you’re following the development of pushback in the individual American states against the lunatic plans of Mr. Globalooney for central bank digital currencies, or for that matter, if you’ve been following the several American states initiating state bullion depositories and passing bullion-as-money laws, then you’ll want to pay very close attention to what just happened in my home state of South Dakota, and to what was just signed into law by its Governor, Mrs. Kristi Noem (this article courtesy of W.G.):

BITCOIN BOOM, SILVER MOON!

from SGT Report:

WHAT A DAY. Silver broke out to a price we haven’t seen in 15 years while Bitcoin broke out to a NEW all time high of $118,888 before retreating to the mid $117,000 range. Every time Guy Gotslak joins me Bitcoin seems to be $10,000 higher than the month before – while the silver skyrocketing and burning the bankster’s shorts story may also be one for the ages. Thanks for tuning in.

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Max Keiser Expects Qatar to Buy $500 Billion Worth of Bitcoins

by Nicolas T., Coin Tribune:

The inimitable Max Keiser has reignited the rumor. Qatar is reportedly about to invest 500 billion in bitcoin. Just that…

This is not the first time rumors have swirled about Qatar. They date back to 2021 when the CEO of the Qatari sovereign wealth fund stated that bitcoin needed “to be a little more mature” before his fund could consider investing in it.

Are El Salvador’s Sovereign Bonds The New Bitcoin?

by Chris Menahan, Information Liberation:

Capital is flooding into El Salvador thanks to President Nayib Bukele’s hugely successful crackdown on gangs.

From Reuters, “Move over, bitcoin: El Salvador sovereign bonds not done rallying”:

NEW YORK, July 19 (Reuters) – Investors in El Salvador international bonds are relishing 60% returns this year alone as debt issued by the Central American country recovers from calls of doom and default, with some betting the rally is not quite over yet.

Cantillon Overdrive…and the Bitcoin Breakout

by Mark E. Jeftovic, Bombthrower:

What we now call “The Cantillon Effect” was known far back as circa-1730, by at least one economist.  It hasn’t been taken very seriously in modern times, especially here in the fiat age.

Named after its author, Richard Cantillon, in his “Essay on Economic Theory” (“Essai sur la Nature du Commerce en Général”) — it is his only surviving work and was published posthumously in 1755, more than 20 years after he was murdered by a former cook whom he had dismissed from his household. The disgruntled ex-employee, returned by night, robbed his home, then set it ablaze, with Cantillon — and the rest of his manuscripts, within.

Trump Promises To Make USA The “Bitcoin Super-Power Of The World”; Democrats Panic U-Turn On Anti-Crypto Crusade

from ZeroHedge:

In a spirited keynote address, Former President Trump promised to make USA the “bitcoin super-power of the world,” ensuring that cryptocurrency is “mined, minted, and made in the USA.”

“We have to talk about Bitcoin. Our country is blessed with the extraordinary talent and genius in this room.

This spirit built America and will help us make it great again.

I admire what the Bitcoin community has achieved. In just 15 years, Bitcoin has gone from an idea to the 9th most valuable asset in the world.

It’s already bigger than ExxonMobil and soon it will surpass the market cap of silver.

That’s a big deal.”