TURDAY 11 JANUARY 2025

Quote from Den of Spies, last page

The take over the country and the economy by Trump et. al. looms large.  California is being destroyed by fire.  I have no idea where all these people whose homes have been destroyed will even live.

I just finished the first in my 50 books in a year series: Den of Spies: Reagan, Carter, and the Secret History of the Treason That Stole the White House by Craig Unger.  It is an amazingly relevant book now.  Every person in the country should read it.

The home insurance industry is, of course, getting out of the insurance business in those areas where climate change is causing problems like the fires in California.  In some areas, insurance companies (read, rip off artists) are simply refusing to renew insurance policies.  Insurance companies are allowed to invest enormous amounts of money in the fossil fuel industry.  Why?  This question is being asked on Ari Velshi’s show.  (Note: Who knew this was even possible?  The former Insurance Commissioner for California , Dave Jones, said “in this country alone” insurance companies are allowed to invest…Does that mean that in other countries they are not allowed in invest?  How exactly do they invest? Research.)

Jones says that because of strict legislation, the private insurers will have the coverage to pay these claims.  (Note: I don’t believe it.) 

Trump: Supreme Court

It is likely that Roberts and Barrett joined the sane members of the Supreme Court because Merchan telegraphed that he was not going to put Trump in jail.  Why certain members of the punditocracy (Joyce Vance, for example) take heart from this decision, I don’t know.  It is clearly yet another demonstration of the inequity of the justice system when it comes to the rich and the powerful.  (Ohhhh Jesus, nine days).

Lisa Rubin (MSNBC) “We want our rule of law to mean something.”  “We want people to take that summons for jury duty seriously.”  Why should they?  (Why was there no penalty here?)  Mentioned as factors against Trump were premeditation, lack of remorse, a campaign against the rule of law in the form of threats, efforts to intimidate.  But these were not allowed to beconsidered mitigating factors.  Good God.     

MEDIA

Of course, the pundit class on CNN and MSNBC spent the night praising Merchan (the judge) and talking about how he was a splendid example of the upholding of the rule of law.  Bull.  Just Bull.  And, I can’t even get started on Garland. 

Bit Coin

O.K.  Let me just get started by saying, I do not understand Bit Coin, or anything about it, but I suspect we must learn about Bit Coin before Bit Coin takes over us.  I was just listening to a random podcast about bit coin, and they were encouraging their listeners to mortgage their homes to buy bit coin.  OMG.

One of the things I did not know was how much these guys invested in getting Trump elected.  After they get the banking restrictions which control them lifted, they will had a field day in this country.  They want banks and otherwise “legitimate” markets to be able to invest in bitcoin.  It will be the ruin of the economy.  (Big research issue).

Crypto

https://www.theatlantic.com/ideas/archive/2025/01/cryptocurrency-https://www.newyorker.com/news/the-financial-page/trumps-dangerous-embrace-of-bitcoin-and-the-crypto-brosderegulation-future-crash/681202/

Book of the Day:

Craig Unger.  Den of Spies

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