Authoritarianism / Fascism

In the first part of this series, I looked at how the Trump administration's blend of ignorance and unscrupulousness has led them to consider a cryptocurrency stockpile as a win-win for both scammers and the public being scammed alike. Or perhaps they're being a bit disingenuous there. Here I go on to look at how their profound misunderstanding of money threatens to turn the US into an impoverished kleptocracy. Which, on reflection, might also be a deliberate part of the plan.

In February, Donald Trump carried on appending his distinctive zigzag scrawl to a growing pile of executive orders, including A Plan For Establishing A United States Sovereign Wealth Fund. This declared:

[Note: this post suffers from my slow writing speed, and since doing the bulk of the writing of it, has been overtaken by events. I will catch up in subsequent posts.]

I've been trying to avoid reading too much on the Trump administration's governance by imperial fiat, in an effort to preserve some measure of mental health. In ordinary times I've an inexhaustible appetite for grim news, but these are not ordinary times, and even I have my limits.

However there have been a series of executive orders since January which, together with prior pronouncements from those in the administration's inner circle, imply a wholesale reconfiguration of the US financial system, with foreseeably disastrous consequences. It's clearly madness, but I think I can see the method in it. Let me run it past you.

About a month ago, my online chum kat posted this:

Trying to understand the latest executive order.

You know, the very powerful and the very stupid have one thing in common. They don't alter their views to fit the facts. They alter the facts to fit their views, which can be uncomfortable if you happen to be one of the facts that needs altering.
- The Doctor, the Face of Evil.

In many countries which have enjoyed (if that is quite the word) half a century of bipartisan neoliberal politics, nominally conservative political parties are breaking with not only this consensus, but also with conservatism as a guiding set of principles. In the wake of the re-election of Donald Trump, nowhere is this phenomenon so apparent, so obsessively analysed, or so globally consequential as in the US.