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Richard Henry Lee's avatar

Wow! it took me 2 1/2 hours to read your latest Bright Brief. (I'm not the fastest race car on the track. I like your presentation of the Game Theory attack against the FED. One more thought....What if the sinking of the Titanic and all the other crimes that went on to get the Federal Reserve Act passed were exposed in such a way that all debt the US treasury paid to the FED was found to be usury and illegal, based on fraud and criminality? The US treasury could simply demand their interest payments back. What if the Supreme Court agreed? The federal reserve notes held by the Fed against the Treasury could be cancelled as partial repayment. What would happen then? Bankruptcy? Redistribution of remaining assets? The deep pockets that have pocketed these illegal interest payments over the last 100+ years might need to give the diamonds back to fiat dollar holders around the world. Other countries would, of course need to sue their oligarchs. We would probably need all our new bombs and space lasers to keep kinetic war off the table. It is hard to imagine that Trump and his Superheroes have not already thought this through as a possible gambit in the 5D game of chess.

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Richard Henry Lee's avatar

What happens when the new sovereign dollar (not the federal reserve note) is tied to gold, bitcoin, and other physical assets? All the other currencies of the world that governments produce to be able to print their own money will immediately be discredited. Bitcoin and the dollar will immediately become the currency around the world and fraudulent governments will immediately fall. The artificially high stock market will fall as soon as people realize stocks are no longer a hedge against inflation. This means an abrupt shift from wall street to main street. And what happens when, after the Treasury creates the sovereign dollar, the Federal Reserve goes bankrupt? What are its fiat dollars worth? The transition here will be full of surprises. There's far more debt than there are dollars. What happens when the debt market collapses? We might find there are not enough federal reserve notes to pay off the debt. Corporations will try to use bankruptcy to cancel their debt and keep their dollars. How will Trump, Scott Bessent, and Howard Lutnick navigate this lightening quick transition? What should the Bright Army do? Buy more popcorn!!!!! (I bet you thought I would say "buy bitcoin".) It's not about winding up with the most toys. It's about enjoying the roller coaster.

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