Supreme Leaders or Washouts

Skirmishes are breaking out while full-on battles have been waged by leaders, sometimes right and sometimes wrong. Whichever way you look at it, the leaders that countryfolk have elected have not necessarily represented the people, but rather their own personal schema of grandeur.

Trump is going full steam into making his three new cryptocurrency packages outsmart the 2,500 cryptocurrency funds on the market which, let’s be fair, haven’t got a chance in hell of breaking into main stream digital transactions, as the average Joe won’t believe in them, and on a mainstream front they won’t be acceptable to the majority, let alone accepted by firms who are owed money.

Donald Trump's introduction of his own cryptocurrencies, including a stablecoin, raises questions about potential gains for him and potential risks for investors. While stablecoins are designed to maintain a stable value, the Terra Luna stablecoin's collapse demonstrates the risk of failure, and the potential for these to be used for malicious or fraudulent schemes. 

In May 2022, the Terra blockchain was temporarily halted after the collapse of the algorithmic stablecoin TerraUSD (UST) and the cryptocurrency LUNA, an event that wiped out almost $45 billion in market capitalization within a week. Investors lost big time! On January 21, 2024, the company filed for bankruptcy. 

Then when we consider democratic rule, it’s ironic to think; Putin from Russia calls the shots and leads them into war against Ukraine, Lula from Brazil is overspending public money and consequently annual interest has climbed to 14.75% which leaves companies overleveraged, and also Trump, the newly elected US president comes out with a very suspicious scheme within the arena of monopoly money.

For me this raises the flag of democratic incompetence whereby so-called leaders abide by their own tyrannical dictatorship status whilst the middle class bear the brunt for their incompetence.

Take care!

Prof. Carl Boniface

Vocabulary builder:

Washouts (n) = failures, disasters, disappointments, flops, dead loss, (ant) successes

Skirmishes (n) = battles, fights, combats, scuffles, clashes, conflicts, brawls, encounters, tussles

Bear the brunt (idiomatic expression) meaning to suffer or endure the worst part or impact of something negative, unpleasant, or difficult. It implies that someone or something is facing the main force or effect of a problem, hardship, or attack.