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Tuesday, November 25, 2025

25: G20 Summit

The Great Subcontinent Uprising
The Banyan Revolt (novel)
Gen Z Kranti (novel)
Madhya York: The Merchant and the Mystic (novel)
The Drum Report: Markets, Tariffs, and the Man in the Basement (novel)
Trump’s Default: The Mist Of Empire (novel)
Deported (novel)
Empty Country (novel)
Poetry Thursdays (novel)

The Great Subcontinent Uprising
The Banyan Revolt (novel)
Gen Z Kranti (novel)
Madhya York: The Merchant and the Mystic (novel)
The Drum Report: Markets, Tariffs, and the Man in the Basement (novel)
Trump’s Default: The Mist Of Empire (novel)
Deported (novel)
Empty Country (novel)
Poetry Thursdays (novel)

The Trump Trade is Unraveling Tells from the crypto crash ....... To the extent that Bitcoin has a use case, it is covering your financial tracks: crypto facilitates anonymous transactions that don’t leave a paper trail. Such transactions aren’t necessarily criminal, but many are. .............. By the way, anonymity doesn’t just enable crime by crypto users, it also enables crime against them. If you possess a Bitcoin’s key, the code that unlocks it, it’s yours, no matter who you are and how you got it. In that sense, getting your hands on a Bitcoin key is similar to getting your hands on a bag full of $100 bills. ...........

This feature has led to a wave of abductions of major crypto investors by criminals demanding their keys.

........... It’s possible that Bitcoin will bounce back, because it’s more than an asset, it’s a cult. .......... at this point Bitcoin is largely a Trump trade. .......... crypto is, as I’ve suggested, increasingly a tool for financial predators, and the Trump administration is extremely predator-friendly. Ask Changpeng Zhao, founder of the cryptocurrency exchange Binance, who was found guilty of violating U.S. money-laundering laws — then pardoned by Trump. .......... Trump remains as determined as ever to reward the industry that made his family rich, and those around him are as determined as ever to make America safe for predators of all kinds. But Trump’s power is visibly diminishing, so the price of Bitcoin, which has in effect become a bet on Trumpism, has plunged. ............ Polls have given him very low marks since the spring, but his net approval has declined significantly over the past month. And while Trump just claimed that he has THE HIGHEST POLL NUMBERS OF MY “POLITICAL CAREER” — nobody knows what poll, if any, he’s referring to — most doubts about the validity of polls showing his extreme unpopularity were dispelled by blowout Democratic victories in Virginia and New Jersey on Nov. 4. ................ These electoral defeats have shaken the willingness of Republicans in Congress to keep showing lockstep obedience to Trump. At the same time, the growing furor over Trump’s ties to Jeffrey Epstein has rattled the MAGA base. Many political analysts, I suspect, don’t fully appreciate the extent to which many members of that base truly believed that Trump was protecting the world against Democratic pedophiles, and the degree to which they have been shaken by the growing realization that they may have gotten their heroes and villains mixed up. ..........

Bitcoin has become a Trump trade, and Bitcoin’s declining price is an indicator of Trump’s declining dominance over the G.O.P..

The Great Subcontinent Uprising
The Banyan Revolt (novel)
Gen Z Kranti (novel)
Madhya York: The Merchant and the Mystic (novel)
The Drum Report: Markets, Tariffs, and the Man in the Basement (novel)
Trump’s Default: The Mist Of Empire (novel)
Deported (novel)
Empty Country (novel)
Poetry Thursdays (novel)

The Great Subcontinent Uprising
The Banyan Revolt (novel)
Gen Z Kranti (novel)
Madhya York: The Merchant and the Mystic (novel)
The Drum Report: Markets, Tariffs, and the Man in the Basement (novel)
Trump’s Default: The Mist Of Empire (novel)
Deported (novel)
Empty Country (novel)
Poetry Thursdays (novel)

The Great Subcontinent Uprising
The Banyan Revolt (novel)
Gen Z Kranti (novel)
Madhya York: The Merchant and the Mystic (novel)
The Drum Report: Markets, Tariffs, and the Man in the Basement (novel)
Trump’s Default: The Mist Of Empire (novel)
Deported (novel)
Empty Country (novel)
Poetry Thursdays (novel)

The Great Subcontinent Uprising
The Banyan Revolt (novel)
Gen Z Kranti (novel)
Madhya York: The Merchant and the Mystic (novel)
The Drum Report: Markets, Tariffs, and the Man in the Basement (novel)
Trump’s Default: The Mist Of Empire (novel)
Deported (novel)
Empty Country (novel)
Poetry Thursdays (novel)

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