ECP NetHappenings Trump Greatest Grifter of All Time

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“The solutions offered by economists were no less delusory than those of the theologians that they displaced.” -Joan Robinson

BITCOIN

You say you don’t know how BTC works, don’t understand it so you don’t want to buy any. Well no more excuses !!!!
The Greatest Bitcoin Explanation of ALL TIME (in Under 10 Minutes)

Bitcoin is our exit strategy.
You have to work the rest of your life for paper money that we create out of thin-air and make you borrow from us and then charge you interest and taxes. Fuck This.

Turning lead into gold used to be magic.
CERN scientist turned lead into #Gold but failed to increase the supply of #Bitcoin. But too expensive to make it. It won’t affect to gold’s price. Even science bows to Bitcoin’s rock-solid scarcity.

“We believe a future is coming where every balance sheet – public or private – holds Bitcoin. Nakamoto seeks to be the first publicly traded conglomerate designed to accelerate that,” said @DavidFBailey, Founder and CEO of Nakamoto.

@stephendpalleyMay 5
The best explanation I’ve ever read of why Stablecoins are a good thing, something that anyone who cares about both consumer protection and the rule of law should support. Democratic Party opposition makes no sense.
https://threadreaderapp.com/thread/1918806189548110135.html

The Bitcoin $100 and Bitcoin $100K side by side video is insane

What are the computers actually doing when mining bitcoin?

CRYPTO / TOKENIZATION

New SEC chair intends to write rules for crypto
https://www.axios.com/2025/05/12/sec-crypto-paul-atkins-rules

Keynote Address at the Crypto Task Force Roundtable on Tokenization
The SEC chairman’s recognition that self-custody might satisfy the SEC custody rule is Custody
https://www.sec.gov/newsroom/speeches-statements/atkins-remarks-crypto-roundtable-tokenization-051225

“Second, I support providing registrants with greater optionality in determining how to custody crypto assets. Commission staff recently removed a significant impediment for companies seeking to provide crypto asset custodial services by rescinding Staff Accounting Bulletin No. 121.[9] That pronouncement was a grave error. The staff had no place to act so broadly in place of Commission action and without notice-and-comment rulemaking. The action created needless confusion and went far beyond the jurisdiction of the SEC in its effects. However, the SEC can do much more to enhance competition in the market for legally compliant custodial services than merely getting rid of SAB 121.
It is important to provide clarity on the types of custodians that qualify as a “qualified custodian” under the Advisers Act and Investment Company Act, as well as reasonable exceptions from the qualified custody requirements to accommodate certain common practices within crypto asset markets. Many advisers and funds have access to self-custodial solutions that incorporate more advanced technology to safeguard crypto assets as compared to some of the custodians in the market. Consequently, the custody rules may need to be updated to allow advisers and funds to engage in self-custody under certain circumstances.”

SHITCOIN SCAM ALERT
American Bitcoin (20% owned by Don Jr & Eric Trump) and majority owned by Hut 8 will go public via merger w/Gryphon Digital Mining, will trade as ABTC on Nasdaq
Ex Cambridge Analytica exec Brittany Kaiser is a Gryphon director, was Board Chair thru Sept24
https://www.coindesk.com/markets/2025/05/12/trump-family-backed-american-bitcoin-to-go-public-via-merger-with-gryphon-digital

COINBASE TO JOIN S&P 500 making their money shilling shitcoins.

RETHUGLICAN TAX BILL

Former Credit Suisse employees collectively stand to make up to $150 million for quietly telling U.S. authorities that the bank wasn’t living up to its pledge to stop helping Americans evade taxes by stashing cash and assets overseas.
https://www.wsj.com/finance/regulation/credit-suisse-whistleblowers-settlement-ae45bfca

Republican tax bill raises US debt limit by $4 trillion. It’s projected to cost us almost $6 TRILLION.
Trump’s budget includes a record $1 TRILLION in military spending
Who benefits? Military contractors and disproportionately benefit corporations and the rich.

The Trump-GOP tax bill proposal:
-Extend 2017 cuts for top earners
-Increase the “pass-through” loophole for big businesses
-Expand the estate tax exemption for the ultra-rich
-Make a huge tax break for offshore corporate profits permanent
Trickle down economics on steroids.

BREAKING: HOUSE GOP TAX BILL IS OUT
-$4T in Tax Cuts for the wealthy
-Taxes on Tips/Overtime REMAIN
-$1.5T in Spending Cuts including $900B in Medicaid cuts.

“People feel so bad about the economy because of tariffs and inflation that consumer confidence is now at a 13-year low,” per FORTUNE

The Trump-Musk regime is breaking Social Security.
“At the Social Security Administration, some employees are running out of paper, pens and printer toner because the U.S. DOGE Service has placed a $1 spending limit on government-issued credit cards” @hannah_natanson @maxinejoselow

NEWS HEADLINES

Trump’s Approval Rating Drops to 80-Year Low; IMF Says U.S. Tariffs Now Exceed the Highs During the Great Depression
https://wallstreetonparade.com/2025/04/trumps-approval-rating-drops-to-80-year-low-imf-says-u-s-tariffs-now-exceed-the-highs-during-the-great-depression/

Congressman Casten: Trump’s Assault on the Rule of Law Is Causing Capital Flight Out of U.S. by Foreign Investors

THE BIGGEST
CONVICTED RAPIST GRIFTER PRESIDENT

Last week — Trump announces he’s building a $5.5 billion golf resort in Qatar
Today — Qatar announces it’s giving Trump a $400 million private jet
The American presidency is literally for sale to the highest bidder

House Republicans push to sell hundreds of thousands of acres of public lands in the West

The current state of affairs in public education

New pope chose his name based on AI’s threats to “human dignity”

Billionaires are the dangerous minority

Trump is looking to use the IRS for his own political ends. Nixon tried it too

U.S. added to int’l human rights watchlist over Trump attacks on democratic norms

Kentucky Derby-winning jockey fined $62,000 and suspended for overuse of whip
Junior Alvarado, who rode Sovereignty to victory at the Kentucky Derby earlier this month, has been fined and suspended for the overuse of his whip during the race.
Alvarado was found to have used his riding crop eight times during the race at Churchill Downs Racetrack in Louisville, Kentucky. However, regulations set by the Horseracing Integrity and Safety Authority (HISA) allow riders to use their whip six times during a race.

Creatives demand AI comes clean on what it’s scraping
https://www.theregister.com/2025/05/12/uk_creatives_ai_letter/

Elon Musk found his next opportunity for a government handout.
The Federal Railroad Administration is in talks with Musk’s Boring Company about a massive new Amtrak tunnel project to connect Baltimore with Washington and Virginia.
The project is estimated at over $8 billion.
https://www.muskwatch.com/p/musk-promised-budget-cuts-he-delivered

Anti-Trump, anti-billionaire protest disrupts Manhattan gala – May 8, 2025

Trump is looking to use the IRS for his own political ends. Nixon tried it too

How and why the shift key got it’s name.

HEALTH

New study finds way to prevent cell death in Parkinson’s disease

Psychedelics may boost mental health by dampening inflammation
Psychedelic drugs like MDMA and psilocybin may help treat depression, anxiety and other mental health conditions by reducing the number of inflammatory cells around the brain
https://www.newscientist.com/article/2479069-psychedelics-may-boost-mental-health-by-dampening-inflammation/

Cigna reported $3.4 billion in profit last year.
Their profits are our denied claims, and the more people who are left to die, the more profitable they are.
The US healthcare system is designed to transfer wealth upwards, not provide healthcare. https://healthcareuncovered.substack.com/p/hope-then-heartbreak-cigna-denies

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