The single dumbest mistake by a president in US history is to show the world that the US Dollar and US Treasuries can be turned off if the US government doesn’t like you.
This is a $40-100 trillion subsidy to the mostly obese and overweight American public.
62 million people are disabled and Washington State judges are claiming that obesity is a disability while DSM-X has classified addiction as a disease.
Adding the obese would increase Americans with disabilities to over 50% of the population.
Only about 55 million Americans pay more in taxes than they receive in federal benefits directly and indirectly, and the gap in what is spent vs. taxed is made up for by sakes of US Dollars and Treasuries to foreigners.
By showing the world, including the Saudis (who uphold the petrodollar and have since 1974) and Americans that the US Dollars and Treasuries they hold can be made worthless or inaccessible or stolen, the US government is like a foolish person trying to disarm a bomb counting down to a nuclear blast that is years away, who speeds up the timer to months away.
Americans and people around the world are going to quietly flee US Dollars, US Treasuries, US banks, and US assets that can be touched by the Biden administration. You’d think the US Dept. of Treasury or the “Federal Reserve” or SEC would be issuing warnings about this.
Being able to reduce the impact of the crash of the US Dollar to worthless is the biggest use case for crypto that is authentically decentralized.