Trump Accidentally DESTROYED his ECONOMIC PLAN

All remaining Bitcoin should only be mined in the United States of America. Good old USA Bitcoin, so says Donald Trump. Another lie that's impossible to achieve because of his own failed environmental power, energy, infrastructure, computing power, and chip policies. I'm going to break it all down for you right here on a minus Dutch network on a legal AF.

Donald Trump's in love with Bitcoin. He's having an affair with Bitcoin. There's no other way to describe it. He's got Bitcoin and cryptocurrency moguls in his cabinet or around him and Howard Lutnik and an Elon Musk. He himself owns a cryptocurrency company, loves cryptocurrency. His son went abroad.

into into the Arab world. Eric Trump and said, this is the golden age of the Bitcoin and Donald Trump responded and said, all remaining Bitcoin. I'll talk to you about that in a minute. It should only be mined by miners here in the United States. Okay, let's break that down for a minute.

Bitcoin because there's a limit on the amount of Bitcoin that could ever be produced. That's what gives it its value. It's ultimately limited. 95% of all Bitcoin that will ever be created has already been mined and created and is already in circulation. The last 5% they predict

will take us through the remaining 100 years, take us 100 years to get to the last 5% of Bitcoin. There's a lot of computing that has to go on, a lot of energy that has to be expended by miners around the world in order to generate that Bitcoin and other cryptocurrency.

We just don't have the power. We don't have the energy policy. We don't have the electric grid. We don't have the electricians. And we don't have the data centers that would allow America to create all the remaining Bitcoin. Just shows how Donald Trump doesn't understand how Bitcoin mining works.

I'll tell you where Bitcoin mining is happening. The vast majority of cryptocurrency mining is happening outside the United States, like places like the United Arab Emirates run by the Dubai and other royal family in Russia, in China, and in Africa and in places in Africa like Ethiopia. Why? Because they have alternate forms of energy and clean energy that generates huge

huge amounts of power necessary for these cryptocurrency mining operations. We don't have that because Donald Trump is against all the policies that favor wind turbines, hydroelectric power, solar power, and the rest. So if you're Ethiopia,

And you've got access to tremendous hydroelectric electric power generation. You're already in the running to be a leader in cryptocurrency mining. Same thing in Russia. Same thing in China and in United Arab Emirates, they use wind, wind turbines. The ones that Donald Trump hates. That is what generates all this power. We only have a few places in America.

where clean energy can generate that level of power required to support the data centers, to support the computing, to support the quote unquote mining of this cryptocurrency. Washington State is one of them.

Washington State has hydroelectric, has other forms of power. And that's why for those out there that have children, the number one job moving forward in America because of cryptocurrency mining is going to be electricians. There is a shortage of electricians in America who can hook up these data centers and hook up the power in.

to allow for cryptocurrency mining. They're in short supply, high demand in places like Washington State. But we just don't have enough places like Washington State. And with the limits that Donald Trump already places, because he never takes responsibility for anything, he the number one anti clean energy, anti solar, anti, even an even an anti electric car.

and the battery production that's required for that. He did not invest in chip manufacturing or science. That was Joe Biden. He did not invest in clean energy, wind, solar, hydroelectric and the like. That's Joe Biden.

I mean, one of the ironies is that in order to have more cryptocurrency mining, if that is a policy of your country, which Donald Trump seems to make it, you gotta have the power to do it. Power runs the mining operation. And Donald Trump's own policies have undermined all of that. And the irony is Joe Biden should be getting the credit if we become a cryptocurrency mining capital of the world, but we're not currently. It's being done.

by the Arab world, Russia, China, and Africa who all want to get an advantage.

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The top technologists, top Silicon Valley experts are right. The next major shift in the economy is going to be driven by artificial intelligence and cryptocurrency, Bitcoin, blockchain, and the rest. And putting that together requires both those things, require tremendous expenditures in investment in the power grid,

in clean energy alternatives and in places like I've identified like Washington State. Donald Trump's not behind that. First of all, he's a, he's a short timer, short-termmer and short timer. He's a very short runway. The four years is going to be interminable for the rest of us, but in terms of policy and being able to accomplish big things and heavy lifts, that four years is very short, especially if we pin him down.

as we will in lawsuits tying up his policies that are unconstitutional and are a violation of our rights. So by time he's doing that, you can only do one or one and a half, maybe a half of a big thing. Look at Barack Obama did. He did one giant thing really in his first two years, Obamacare.

took a lot. So Donald Trump has all these things, reforming the government, hollowing out civil servants, reshaping the relationship between the government and the US people, nailing and undermining and cutting entitlements, social security, Medicare and Medicaid, redoing our energy policy, redoing our foreign policy, redoing our domestic policy. And I'm already exhausted. He can't do all of this. Thank God in the four years that he'll be in.

And this one is another magical thinking moment where Donald Trump loves to mislead the American people. He's the only president I can think of and we've ever had that you have to just give a 60 to 70% to 100% truth discount to whatever they say. I've had friends in my life like that. I call it a truth discount. Some friends are 100% honest. I think I am.

Not exactly what's going on and when it's going to happen. Other people think, you know, 20%, a little bit of the fib here and there, you know, doesn't hurt anybody. Doesn't, you know, the fundamentals are solid. 50% discount, you know, that's a friend you can't trust and then beyond. That's where Donald Trump has fallen into. So when you hear

You know, and Trump speak, we are going to be the leader of Bitcoin production. It is impossible. We're not going to take it back from the emerging markets in Africa, Russia, China, and the United Arab Emirates who have a devotion to clean energy and power that we don't have and Donald Trump is actually against.

So I'm going to continue to call out, you know, these kind of ridiculous comments so that when you hear them, you can filter them through the lens of reality and not a smoke or sunshine screen. I'll do it here on the Midas Dutch Network and on legal. If I got a new show, sort of like this hot take, but longer called Popok Live. Yes, it's Tuesdays at eight p.m. Eastern time right here on this YouTube channel for Midas Dutch. Hit it. Take a minute. Hit the free subscribe button. Wednesdays and Saturdays.

legal AF on the minus touch YouTube channel at eight p.m. Eastern time and then come on over to our new legal AF YouTube channel in collaboration with Midas touch we're doing it together legal AFM TN where we have all this great content over there exclusively on

the legal AF YouTube channel. Now more than ever, we need independent media, independent commentary and analysis. You can only find on Midas Touch and on legal AF. Help us out. Hit those subscribe buttons. Until my next reporting, I'm Michael Pompak.

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