Katz’s Law
Men, women and nations will act rationally when all other possibilities have been exhausted.
— “Murphy’s Law” by Arthur Bloch

Desperate politicians are prone to do desperate things. Even if those things are sometimes actually good for the population. Before the elections, they will promise all kinds of things, but they will certainly forget all the promises as soon as they get hold of power. In that case, one should first please the bosses (financial plutocracy) who brought them there. Let’s look at the case of Donald Trump in the times of his first presidential term:

“We have only one real currency in the USA, and it is stronger than ever. It is called the United States Dollar!”
— Donald Trump, President of the US, 2019

And then let's look at presidential candidate Donald Trump at the Bitcoin Conference in Nashville on July 27th, 2024:

“I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world… if Bitcoin is going to the Moon — as we say — I want America to be the nation that leads the way”
— Candidate Donald Trump, 2024

Listening to his speech, it is quite clear why he changed the tune. It’s quite obvious that he doesn’t understand what cryptocurrencies are or what the differences are between them. For him, it is just a convenient tool for collecting contributions for the campaign, and at the same time he thinks that it can become an element for maintaining American hegemony!

And it is quite obvious that behind this performance of his is a large capital that has started to invest in Bitcoin. It is a better guarantee of the future than his unconvincing promise. Just listen to how he ends this short passage: “Let’s be nice to them [crypto users], at least until the end of the election.”

Therefore, the theater of the neoliberal world is rapidly approaching a crescendo in which the possibilities for the follies described in Katz’s law at the beginning of the text are running out. And in this sense, this Snake Oil salesman inadvertently made an advertisement for Bitcoin, after which a part of the population bewitched by media propaganda will start learning just because they believe in him. Better that way than no way.