Elon Trumpty and Donald Musky will most likely preside over the Great American Renaissance of oligarchic super-power for many months to come and will be driven by the belief that their destiny is aided by divine guidance to achieve the acquisition of even more worldly riches and power.

Only when the inevitable great fall is realised will all the donkeys and elephants of Congress belatedly attempt the putting together again of a democracy, the core beliefs of which have long been shattered by the altercations between woke and broke realpolitik during the past decade.

What we are now witnessing is but the first stage in an era of great digital misfortune where the concept may prevail of a universal elitism which subjugates an educated but unsophisticated global population to political, financial and moral servitude.

During his electoral campaign of 2024, the 47th president declared his intention to make the USA the “leading crypto nation of the planet” by deregulating the work of the Biden administration and overseeing the creation of a universal ownership which would include official holdings by the U.S. Treasury for the payment of government contracts and employees.

Four days before his inauguration a $Trump meme coin was launched by CIC and other digital entities owned by the Trump Family Foundation. This netted nearly USD 90 million in issuing fees. They were immediately snapped up by fifty of the largest international dealers who, according to the investigator Chainanalysis, made profits of USD 10 million each. However, an estimated 200,000 small-time crypto wallet holders were dismayed a week later to find that the soaring initial price had been followed by a sudden, engineered fall of 60%. Not to be deterred, the crypto-president´s son Eric promised that this was just a hiccup at the start of an eventual issuance of eighty billion coins at USD 20 each. This would involve a total investment of USD16 billion by the faithful but myopic followers of his father.

The promotion of digital currencies is not novel to many members of the new administration. Through the Tesla motor company and SpaceX, Musk has been a major proponent since year 2021 when he invested USD 1.5 billion in Bitcoin and later sold at a profit. Since then, he has dabbled both personally and through his many companies in an incredibly unstable market which crashed three years ago due to the vigilance of the Securities and Exchange Commission which Musk now seeks to abolish. Not to be outdone he has issued recently the $Doge coin which, with the $Trump, is destined to become “the people´s crypto” despite the perils and volatility experienced by the speculators in this 21st century financial industry.

The polemic of crypto is only one facet of the rough diamond of technological progress which is being cut to serve the interests of its “miners”. The colossus of Artificial Intelligence known as the Stargate Project intends to invest USD 100 billion for each of the next five years in the creation of data centres and processing units at sites across the USA starting at Abilene in Texas. This enormous investment has the patronage of Trump being part of his strategy to overtake China as the global leader in the digital revolution. The initial equity partners are OpenAI with responsibility for operating systems, Softbank providing financial organization, Oracle, NVIDIA and MGX. Additionally, Microsoft as a partner of OpenAI will provide essential technical innovation.

This close collaboration involves some of the most experienced CEOs and scientists of the U.S. economy plus the military technicians of the Pentagon. Nearly all are supporters of the dynamic policies of the new administration especially with regard to the abolition of regulatory bodies.

If Stargate is successful in its intent to catalyse all aspects of digital technology, there will arise the threat to global economic environment which could be transformed in keeping with the wildest dreams of science fiction. The highly complex and fragile mechanism of humankind´s existence may well be subject to the control of a powerful elite aided by (or in partnership with) a regime of AI robots. However, salvation from such a horrific scenario may be achieved by moral resilience and human fortitude so that the twin Humpty Dumpty Emperors and their entourage of bully boys will have a Great Fall and never be put back together again.

by Roberto Cavaleiro - Tomar 19 February, 2025