Posts Tagged ‘Cryptocurrency’

Trump’s Demands the Annexation of Greenland on Behalf on US Tech Giants Keen to Exploit Its Minerals

January 19, 2026

A lot of people have been suggesting that the real reason the Orange Generalissimo wants to get his grubby hands on Greenland is because of its mineral wealth. The argument that he wants it for US national security simply don’t make sense. There’s a video on YouTube of an expert on a British TV interview knocking it down one point after another. First of all, there are already 18 US bases on Greenland. The US has never asked for more, even though the Greenlanders would be perfectly willing to let them. There also aren’t Chinese and Russian ships nosing around Greenland’s waters. There are, however, plenty of Chinese and Russian ships nosing around the American waters off Alaska.

I got this piece yesterday, reproduced from the American radical magazine Jacobin, from the Democrat newsletter Daily Dose of Democracy. It clearly demonstrates that behind Trump’s belligerent demands for Greenland to be handed over to America are the US big tech companies, who have their eyes very firmly set on the precious minerals locked beneath its icecap.

The tech billionaires behind Trump’s Greenland push
Lois Parshley, Jacobin“President Donald Trump started his second term with his sights set on Greenland. When Trump first proposed buying the arctic nation during his first administration, it was treated like a joke. But in a phone call last week with Denmark’s prime minister, who controls the autonomous territory’s foreign policy, the president doubled down on his efforts to seize power. In the ‘aggressive and confrontational’ conversation, Trump threatened tariffs if he didn’t get his way. In a news conference earlier this month, he also refused to rule out the use of military force. Now Denmark is taking him seriously: on Monday, it announced a $2 billion military expansion in the Arctic. Though the island is not for sale, the president emphasizedGreenland’s importance to US national security. Left unspoken: a US takeover could weaken the country’s mining laws and ban on private property, aiding Trump donors’ plans to profit from the island’s mineral deposits and build a libertarian techno-city. The president’s renewed intention to take over Greenland has reignited debates over its sovereignty, as the country grapples with the trade-offs between economic opportunity and independence from Denmark. As the country’s glaciers recede, it’s also facing sweeping climate-driven transformations, threatening traditional industries like fishing and hunting and exposing valuable mineral resources. These shifts have prompted interest from powerful players associated with Trump. Tech moguls in the front row of his inauguration, like Mark Zuckerberg and Jeff Bezos, are also investors in a start-up aiming to mine western Greenland for materials crucial to the artificial intelligence boom. That company, KoBold Metals, uses artificial intelligence to locate and extract rare earth minerals. Their proprietary algorithm parses government-funded geological surveys and other data to locate significant deposits. The program pinpointed southwest Greenland’s rugged coastline, where the company now has a 51 percent stake in the Disko-Nuussuaq project, searching for minerals like copper. Just two weeks before some of its investors were glad-handing at the Capitol celebrations, KoBold Metals raised $537 million in its latest funding round, bringing its valuation to almost $3 billion. Among the contributors was a leading venture capital firm founded by Marc Andreessen, an early Silicon Valley entrepreneur who has helped shape the administration’s technology policies, including consulting with Trump’s Department of Government Efficiency as a self-proclaimed ‘unpaid intern.’ In addition to KoBold, Andreessen has also backed other ventures eyeing the arctic nation: he is a significant investor in Praxis Nation, a project aiming to use Greenland to establish a “crypto state,” a self-governing, experimental community built around libertarian ideals and technology like cryptocurrency. The venture is also funded in part by Pronomos Capital, a venture capital group founded by the grandson of economist Milton Friedman and bankrolled by libertarian figures such as Peter Thiel, whose own family reportedly managed a uranium mine in Namibia. Pronomos aims to create private, business-friendly charter cities like Praxis, often in developing countries where investors could write their own laws and regulations. These ‘broligarchs’” now have the ear of the president. Thiel has been a significant supporter of Trump, throwing millions of dollars behind him throughout his political career and introducing him to current Vice President J. D. Vance.”‘

Open Britain on Trump’s Appointment of Musk and Others Transforming America into an Oligarchy

November 14, 2024

‘Dear David,

As I watch Donald Trump lay out his cabinet picks from across the pond, one simple question comes to mind that I’m sure I’ll continue asking over the next four gruelling years: Who the f*** voted for Elon Musk?
It was bad enough when he was just embarrassing himself with cringe-inducing star-jumps on Trump’s stage, or boosting his own trashy AI-generated memes on “X” (Speaking of which, Open Britain is now on Bluesky – give us a follow!).
But now, Elon Musk will help head up the new Department of Government Efficiency (DOGE) along with former Republican Presidential candidate Vivek Ramaswamy. The irony of the “efficiency” department having two co-leaders is not lost on any of us.
Technically, it’s not an actual department, more of an advisory bureau. That means, surprise surprise, Musk will not have to go through the arduous Senate-approval process for his new position. DOGE’s role, aside from boosting the value of a dodgy cryptocurrency, is to advise Trump on dismantling the regulatory state. Will the richest billionaire in the world specifically target the regulations that limit his own profits? It’s hard to see how he wouldn’t.
Musk has also been accompanying the President-elect in a series of meetings with world leaders. He’s so determined to be involved in government that Trump is seemingly already getting sick of him.
There’s a word for this phenomenon: oligarchy. A billionaire president and his billionaire friend are laying out their plans to strip the country for parts. Musk has no electoral mandate to be involved in this process in any shape or form, and it’s no wonder he’s opted to dodge even the flimsy accountability processes the US has in place.
Things are about to get dark Stateside, and quickly. Rep Matt Gaetz (convicted sex-trafficker) will run Trump’s law enforcement, Tulsi Gabbard (known purveyor of Putin propaganda) will be the nation’s intelligence chief, and a former Fox News host will run Defence. What could possibly go wrong?
We know that Trump’s acolytes here in the UK, led by Nigel Farage, want to make the same thing happen here. Trump successfully sold his pack of lies in the United States, but Britain is not America. If we batten down the hatches and rebuild our broken democracy, we can avoid the same fate – but we need your support now more than ever to do it.

All the best,

Matt

Matt Gallagher

Comms Officer

Open Britain’

Back a decade or so, Harvard University published a report concluding that, thanks to corporate influence, most Americans felt that their opinions did not count politically, and that the country was not a true democracy but a quasi-oligarchy. That old American conservative, Thomas Sowell, apparently showed how his side feels about democracy. He’s put up a video accusing Kamala Harris and the Democrats of trying to transform America into a democracy.

Say whaaat? I thought America was already a democracy. I thought Americans believed, or at least used to believe, that theirs was the best democracy in the world. Or at least, Americans generally did have this positive view of their country’s fundamentally democratic nature before current concerns about institutional racism, White supremacy and corporate corruption, the latter turning the US into the best democracy money can buy, as the saying goes.

Are we heading back to the 18th and 19th centuries when the Founding Fathers were keen to introduce property qualifications for voting to prevent the poor getting above their station and stopping the country being run by worthy, wealthy men. Not to mention that at the same time a woman’s place was in the home, well away from the polling station and until the Civil War most Blacks were slaves with no rights.

I’ve also come across another video asking if Trump is the American caesar, the USA’s version of the emperors who emerged after the fall of the Roman Republic. Well, Nero competed as charioteer and as musician, playing the lyre and reciting poetry at the Greek cultural festivals. Trump hosted the Apprentice in America, so that you could say both have a background in entertainment. I’ll guess we’ll know for sure when the Orange Orangutan holds orgies in the White House and makes his horse a member of the Senate. As the Roman Emperors were also paranoid and murdered everyone around them, including and especially their own families, it might be wise for some of his relatives to start thinking about finding ways they could claim asylum abroad. Just in case.

As for that bit about the Department of Efficiency having two co-heads, it reminds me of one of the policies of the Monster Raving Loony Party, as was: ‘And we’ll be asking, ‘Why is there only one Monopolies Commission?’ Except with the Monster Raving Loony Party you knew it was all a joke. Trump is serious.

R.I.P. Screaming Lord Sutch. He’s so sorely missed. Jesters like him and the late Peter Cook would have had so much fun with the current bunch of clowns on both sides of the Atlantic.


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