‘Applauding Techno-Tyranny’

 

President Trump has recently declared his intention to stop minting the penny because doing so causes the federal government to incur a financial loss.  How much of a loss are we talking about here?  In 2024, penny minting cost FedGov $85 million (minting the nickel cost it about $18 million).

However, we also know that Mr Trump is keen on expanding the use of digital cryptocurrencies in the States, and particularly in FedGov’s acquiring a large reserve of them.  But the cost requirements to build out the infrastructure necessary for this new electronic currency are enormous.  We are firsthand witnesses of this here in Louisiana, as the two new data processing centers in Richland and West Feliciana Parishes will cost a combined $12 billion.

This is in addition to the natural resource costs involved:  rare minerals to make the microchips; natural gas, uranium, etc., to create electricity; water to cool the chips, etc.

Forgive the pun, but something doesn’t add up.  If concerns about costs are the reason to quit producing the penny, then how on earth can one justify the humongous costs of building and maintaining everything needed for digital currency?

The answer to that question is disquieting; Dr Joseph Farrell gives it:

‘Just this last Monday you might recall that I blogged about a story that Google, Amazon, and various countries, have signed on to a pledge to triple the power output of the world by means of nuclear power production by 2050. The question was, "why?", and my answer was that they need all this power to run their planned AI datacenters and their new "digital" currency system and the "cashless" world, never mind the seiniorage costs of doing so, which (I also pointed out), they never mention in their proclamations of how wonderful all this will be. As I strongly intimated in that blog, I suspect the actual costs of such a system, when compared to the seiniorage costs of the current system of paper money and specie production, are ridiculous. The Bottom Line is, they need all the increased power consumption for something, and that something, I suggest, is for their Artificial Intelligence data centers, like Elon Musk's "Colossus" center outside of Memphis, Tennessee . . .’ (‘MUSK’S COLOSSUS: HIS “NEW GOD” AT MEMPHIS’, gizadeathstar.com).

The risks involved in this new monetary system are very high for those who accept it:

‘Regardless of what the actual cost of all of this will be, the mere fact of the "gimongous" nature of the numbers themselves - gigawatts, thousands of gallons of water per minute, tens of thousands of computer chips, a building to house it all - suggest that this is a considerable amount of power of the political sort it gives its owner. And it raises again the question of why:  in a "cashless digital currency" world, he who owns such centers controls the money, and does so in a way that was only a dream for Meyer Amschel Rothschild, for that very same system will presumably be able to determine, on a case to case basis, how much an individual's "money" is "worth" or even if it is usable based on his or her "score" against rules that the AI owner himself establishes’ (Ibid.).

The risks go beyond merely the financial:

 . . .

The rest is at https://thehayride.com/2025/03/garlington-applauding-techno-tyranny/.

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Holy Ælfred the Great, King of England, South Patron, pray for us sinners at the Souð, unworthy though we are!

Anathema to the Union!