Conman Trump called Climate change a con job, the 'biggest con in the world'

The fact that Trump can label climate change as the 'biggest con in the world' at the UN must be the mother of all jokes. Who is Donald Trump and what is his legacy to have the privilege of calling a con a con?

Trump is a big investor in fossil fuel and big oil is his biggest campaign contributor. Trump is against renewables like solar panels, wind turbines and EV adoption and is a strong supporter of fracking, all related to his support for big oil.

Trump has no morality nor credibility to tell everyone that climate change is a hoax as Trump is realistically the biggest conman that ever walked the earth, with six bankruptcies to his name and going for the seventh. Trump has been conning the Hillbillies with his tariffs, claiming that other countries are paying for them.

Now, the world better beware that Trump is about to use stablecoins, backed by Treasuries and more cash printing, to pull off another big con, the same way that the USA pulled away gold as the backing for the US$ in 1971. The plan was to unload USA debts using stablecoins that would be quietly devalued to dump obligations to global investors if they hold stablecoins. This plan has been revealed to be a possible way out by the USA to, at least, reduce its US$37 trillion debt. The plan had been talked about by a Russian presidential adviser, Anton Kobyakov. The total value of all cryptocurrencies is now about US$4 trillion, just a drop in the ocean, compared to the USA debt of US$37 trillion. More pushing up of their value with money printing has to be made, which is already happening.

Some argue that this is not going to work, with countries like China and central banks globally still accumulating gold as a much safer avenue to hold reserves rather than holding stablecoins. They are unlikely to support the idea of accumulating stablecoins as an alternative to gold. Even if gold were to be devalued substantially, more people will definitely be buying them. Gold has been the safest way of storing value for thousands of years.


Anonymous