🇺🇸 Doomscroll News

Tag: Cryptocurrency

The Debt is a Cancer, Not a Curve to Be Flattened

The analogy comparing the national debt to the COVID-19 “flatten the curve” mantra is a profoundly misleading and dangerous simplification of the crisis we face. The comparison is particularly flawed when one recalls the data inconsistencies during the initial wave of COVID-19. In early 2020, many observers noted with suspicion that official data from sources like Johns Hopkins University showed a startlingly low number of recoveries in the United States. This data “weirdness,” born from the chaos of tracking a novel virus in real-time, highlights a key difference: the COVID-19 curve was a matter of incomplete, real-time data, while the national debt curve is a matter of precise, cumulative accounting.

The national debt isn’t a virus that will simply “burn out” or be defeated by a short-term, emergency response. It is a chronic, metastasizing cancer on the body politic, the result of decades of policy decisions. Proposals for a “debt ceiling app” or other simple fixes are shortsighted political theater. Congress has repeatedly demonstrated its willingness to raise the debt ceiling, rendering it more of a talking point than a genuine constraint.

The real technological revolution that offers a path forward is not in financial gimmicks, but in artificial intelligence, LLMs, and robotics. Their promise is not magical “growth,” but something far more valuable: the ruthless elimination of waste, fraud, and abuse. The potential for automation to overhaul the medical and insurance industries—the true drivers of our debt—is immense. Imagine humanoid robots, like Tesla’s Optimus, providing comprehensive elder care. These machines could handle everything from showering a grandparent to monitoring their vitals, ending the soul-crushing and financially ruinous nursing home industry. This isn’t science fiction; it is a necessary step to slash the costs that are bankrupting our nation.
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July 1, 2025
My Vision for a Stronger America, Beyond the OBBB

Prioritize the Need for a New American Fiscal Nationalism & Continue Building a Fortress America Economy: A 15% baseline tariff and sweeping deregulation are not just good ideas; they are necessary defensive measures. While they won’t single-handedly slay the $37T debt dragon, they are the foundational armor for a “Fortress America” economy.

The $37 Trillion Elephant: Neither party has a plan to pay the debt.

Investigate the China-California Connection: Deep-dive into how California’s state debt and business ties with Chinese entities create a national security vulnerability.

Illinois & New York: Blue State Debt Bombs: Unfunded liabilities and corruption in states led by figures like @GovPritzker Gov. Pritzker are a key aspect of the national crisis.

Saudi Vision 2030: The World’s Most Expensive PR Campaign: The Public Investment Fund’s acquisition of companies like Scopely isn’t about innovation; it’s about their deliberate pursuit of user data. This positions them to monitor our movements, creating a future where digital tracking could easily enable real-world stalking.

Understand that Political Theater is the Real Insurrection: The political theater in D.C. is the primary cancer. It’s a managed spectacle that provides cover for the real, coordinated erosion of American sovereignty.

The @SenFettermanPA (Sen. Fetterman) –@marklevinshow (Mark Levin) Doctrine: A pro-Israel, anti-Ayatollah stance is the only coherent foreign policy for national security.

The @RepThomasMassie (Rep. Massie) –@Ilhan (Rep. Omar) Red Line: Bipartisan efforts to limit executive “war” powers… are a dangerous abdication of responsibility.

Beyond Counterfeit Cryptocurrency & The Corrupt Old Guard: The post-2008 distrust in the established financial order is justified. But cryptocurrency is not the answer; it’s a digital counterfeit designed to profit from chaos. The real path forward is outside both of these failed systems: a return to productive, asset-backed economics.

The Hypocrisy of “Stablecoins”: We need to debunk the myth of stability and expose their role in facilitating capital flight from America.

Critique Cryptocurrency’s Role in the National Debt: Institutional adoption of BTC/ETH/etc. creates a shadow monetary system that undermines the dollar.

Look Into the Mechanics of Sharia-Compliant Finance: Expose how deals with nations like Qatar and Saudi Arabia introduce legal and financial systems that are antithetical to U.S. economic principles.

Take a Stand for Authentic Discourse: Public officials should actively curate their audience to prioritize verified, real individuals.

Deconstruct “Sound Money”: Bitcoin isn’t the new gold, but the new Confederate Dollar.

… AND A “DREAM ON” WISH LIST:

Look Into the Qatar Gift Horse: Analyze the “gift” of an Air Force One jet as a symbol of foreign influence at the highest levels.

Fire Engineers: A ruthless platform approach to platform integrity (purging bots) is more important than internal harmony at a tech company.

Truth Social’s Bot Problem: Even “alternative” platforms are failing to provide authentic spaces for discourse.

June 28, 2025
MY UPDATED VIEWS ON “NO TAX ON OVERTIME” AND “NO TAX ON TIPS”

A ‘no tax on overtime’ policy is a powerful and sensible tool for retaining a highly-skilled ‘varsity squad’ of experienced firefighters, for whom substantial overtime is a critical and routine part of providing for their families and ensuring public safety. However, this same policy is counterproductive and dangerous in lower-wage, hourly industries, like for a quality control inspector making $21 an hour, where it creates a perverse incentive to deliberately slow down work for a small bonus, undermining productivity. The immense benefit of properly compensating our most vital, high-stakes professionals like firefighters decisively outweighs the risk of this policy being exploited in sectors where it rewards inefficiency instead of essential skill.

This same principle… that a policy must be targeted and not a broad, exploitable mandate… is why I am holding firm on my position regarding taxes on tips. While I fully support eliminating the tax burden on tips for service industry workers, a blanket, undefined exemption would be a mistake. It risks becoming a massive, backdoor handout to the cryptocurrency world, creating a tax-free loophole for digital transactions that have nothing to do with rewarding service. Therefore, any ‘no tax on tips’ policy must include a specific, carefully crafted exception for the traditional service and hospitality industry, ensuring the benefit goes to waitstaff, bartenders, delivery drivers, barbers, etc. not to anonymous crypto transfers.

David Gross
Follow me at https://x.com/dgapps and https://davidgrossapps.com

June 28, 2025
Crypto for Conflict: A Proposal to Restrict Digital Assets to Wartime Use

Many have spoken about the need for American leadership in technology and the potential of digital assets. Vice President Vance has a point about paying attention to what global competitors like China are doing in the crypto space. However, the current conversation around cryptocurrency for everyday infrastructure and investment is a distraction from its most strategic and vital use case: national security.

Instead of trying to fit this technology into a peacetime financial system, we should be harnessing its power for when we need it most. I propose we treat the infrastructure of cryptocurrency like a strategic military asset, to be deployed only in times of war, much like war bonds. This isn’t about the coins themselves, but about the underlying technology and ASICs – a decentralized, resilient network that can be activated by the military upon a formal declaration of war.

This approach addresses the national security risks of unregulated crypto, while giving the U.S. a powerful economic and strategic tool in a time of conflict. It’s not about stifling innovation; it’s about focusing that innovation where it can have the most decisive impact for our nation.

Proposed Legislation: The Wartime Digital Asset Act

A BILL

To restrict the use of cryptocurrencies and stablecoins to times of declared war, and for other purposes.

BE IT ENACTED BY THE SENATE AND HOUSE OF REPRESENTATIVES OF THE UNITED STATES OF AMERICA IN CONGRESS ASSEMBLED,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Wartime Digital Asset Act”.
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June 27, 2025
While Politicians Play Games, Cryptocurrency Threatens Our Financial Future

Our nation faces a profound and immediate threat from a predatory, globalist financial scheme. This is the real crisis. I am talking about cryptocurrency. My opposition is not rooted in partisan politics, but in a firm belief that we must protect the United States from this clear and present danger.

These digital tokens, propped up by nothing more than speculation and hype, are a cancer on our financial system. They are the preferred tool for illicit activity, riddled with fraud, and often mined in countries hostile to American interests. The chaos unleashed by figures like Sam Bankman-Fried, whose FTX exchange imploded in a storm of corruption and foreign entanglements, is not an outlier—it is the inevitable outcome of a system with no intrinsic value. So-called “stablecoins” are a ticking time bomb, and the entire ecosystem is a playground for market manipulation that puts the savings of everyday Americans at risk.

This is the fire that needs to be extinguished. Yet, what is the response from Washington? Political theater.

Case in point: H.R. 3573, cynically titled the “Stop TRUMP in Crypto Act.” This bill is a perfect illustration of a political establishment that is unable and unwilling to grasp the scale of the threat. It is a weak, performative gesture that tinkers around the edges of ethics for the political elite while completely ignoring the fundamental dangers that cryptocurrencies pose to the financial stability of our country.
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June 25, 2025
The Architect of Your Anxiety
Before you can build a political army or start a populist brushfire, you have to know what makes the masses tick. You need the cheat codes to the human soul. In the age of digital warfare, that cheat sheet looks something like this:
1. Your Facebook “Likes”
2. Your personality quiz answers
3. Your politics (declared or assumed)
4. Your age and gender
5. Your location
6. Your relationship status
7. Your late-night status rants
8. Your private messages
9. Your friends (and their data, too)
10. The events you pretend you’ll attend
With this map to the public’s id, a new kind of political machine could be built. All it needed was a director with a vision and patrons willing to foot the bill for a bit of chaos.

The Angel Investors of Anarchy

Every chaotic startup needs its angel investors. For Steve Bannon’s particular brand of political disruption, the Mercer family was the venture capital firm willing to write the first big check. Billionaire Robert Mercer and his daughter, Rebekah, were the quiet benefactors of the new populist right. With a cool $10 million seed round, they handed Bannon the keys to Breitbart News after its founder’s death, letting him mod it from a conservative blog into the premier server for his populist worldview.

Rebekah, in particular, was the hands-on operator, the one making sure her investment paid off by installing Bannon and Kellyanne Conway into the Trump campaign’s C-suite. The founder-funder relationship was a perfect match, until it spectacularly wasn’t. Like a messy public breakup you’d see unfold on …, the alliance imploded in 2018 when Bannon broke the cardinal rule—don’t talk smack about the CEO’s family. Rebekah hit the eject button, publicly declaring he’d taken her pet project “in the wrong direction” and effectively cutting off his VIP access.
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June 21, 2025
This “Beautiful Bill”? A Recipe for Disaster.

The recent unveiling of the “One, Big, Beautiful Bill” demands a critical eye, not a rubber stamp, especially from those who champion fiscal responsibility and effective governance. While packaged with appealing promises, a closer look reveals a proposal that misses the mark on several fundamental issues and unwisely bundles disparate policies into a take-it-or-leave-it behemoth.

Let’s start with the much-touted tax cuts. The claim of putting more money in Americans’ pockets rings hollow when we consider the crushing weight of our national debt. As Rep. Thomas Massie has rightly pointed out, the annual federal interest burden alone equates to losing a full IRA for every citizen. This doesn’t even factor in the hidden tax of inflation, exacerbated by out-of-control spending and unfunded liabilities in states like California, which silently devalues every dollar we earn. Barking up the “tax cut” tree while the fiscal house is on fire is a distraction. Frankly, many Americans would likely pay more in taxes if it meant a serious crackdown on rampant fraud. Where are the arrests? We see endless talk, perhaps even obscure “DOGE research” initiatives, yet tangible results in holding fraudsters accountable are conspicuously absent. This needs to change.
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June 21, 2025