There are conspiracies that sound too outrageous to believe, and then there are conspiracies so brazen that they hide in plain sight, documented in government filings and boasted about on podcasts. What I’m about to expose falls into the latter category: a systematic effort by some of America’s most powerful tech billionaires to accelerate the collapse of the American financial system because they believe they’ll profit from the chaos that follows.
To understand how we reached this moment—where crypto accelerationists are actively working to engineer dollar collapse from within the highest levels of government—we need to trace the intellectual evolution I documented in ”The Plot Against America.” What began as abstract criticism of democratic institutions during the 2008 financial crisis has become a concrete blueprint for dismantling them through cryptocurrency-enabled financial sabotage.
The Philosophical Foundation
Peter Thiel’s own public statements reveal the framework driving this project. Speaking at Libertopia in 2010, he described PayPal’s founding vision as an attempt “to overturn the monetary system of the world.” He continued: “We could never win an election,” but technology could “unilaterally change the world.” In 2021, he declared that “Bitcoin is the most honest market we have in the country. It’s a canary in the coal mine. It tells us that this decrepit regime is about to blow up.”
This represents more than economic analysis—it’s a declaration that existing monetary systems are fundamentally illegitimate and that technological alternatives should replace democratic currency governance. Thiel isn’t merely predicting dollar instability; he’s advocating for conditions that would accelerate it. (...)
The Network of Coordination
The financial relationships between these figures make coordination clear. After their PayPal exit, Sacks, Thiel, and Musk’s wealth became deeply interwoven. Sacks launched Craft Ventures and frequently co-invests alongside Thiel’s Founders Fund, with stakes in companies like Palantir and SpaceX. They didn’t just get rich together—they coordinated their investments in ways that create mutual dependencies and shared interests.
As White House AI & Crypto Czar, Sacks holds a special ethics waiver that allows him to influence digital-asset and tech policy while maintaining investments in companies that benefit from those policies. Despite divesting from crypto assets upon entering government, he likely retains holdings in SpaceX and Palantir—companies building infrastructure that could replace traditional government functions with privately controlled systems.
The audacity of their approach is revealed even in their naming choices. The Department of Government Efficiency—DOGE—wasn’t just an acronym chosen for bureaucratic convenience. It was deliberately named after Dogecoin, the cryptocurrency that Musk has relentlessly promoted. When a government department takes its name from a digital currency promoted by the man running it, the agenda becomes transparent.
Dogecoin was itself based on a popular internet meme, but by strange irony, the term “Doge” originates from the title of rulers of Venice and Genoa—elected elites who presided over commercial republics for life. Whether intended or not, this historical reference reflects their vision of governance: efficient, corporate-style rule rather than messy democratic processes.
The Scale of Their Vision
What distinguishes this from ordinary corruption is the scope of their ambition. These men aren’t simply seeking to accumulate more wealth within existing systems. If their vision succeeds—if government currencies collapse and Bitcoin becomes dominant—their early cryptocurrency positions would transform them from billionaires into something unprecedented: controllers of the fundamental infrastructure of human exchange.
This represents the complete transformation of the American political economy. When they speak enthusiastically about dollar collapse, they’re not just making investment predictions—they’re describing a world where their cryptocurrency holdings make them the effective central bankers of whatever system emerges from the wreckage.
The temporary chaos of currency collapse becomes acceptable when viewed as the price for establishing permanent control over the monetary system itself. They’re not just betting on America’s financial decline—they’re positioned to profit regardless of the human cost.
JD Vance: The Ideological Convert
JD Vance’s role represents something more dangerous than typical political opportunism. His transformation from Trump critic to cryptocurrency advocate reflects his genuine conversion to neoreactionary ideology under Thiel’s decade-long cultivation.
Vance has publicly praised Curtis Yarvin, the neoreactionary theorist who advocates replacing democracy with corporate-style governance. Discussing Yarvin’s ideas, Vance has suggested that Trump should “Fire every single mid-level bureaucrat, every civil servant in the administrative state, replace them with our people....And when the courts stop you...stand before the country, and say...the chief justice has made his ruling. Now let him enforce it.”
This isn’t standard conservative rhetoric about limited government. This is advocacy for the systematic elimination of constitutional constraints on executive power—exactly what would be necessary to implement the kind of monetary policy changes that could destabilize the dollar.
Vance understands what Yarvin calls “neocameralism”—the vision of society run like a corporation rather than a democracy. In this framework, citizenship becomes shareholding, elections become obsolete, and governance becomes a technical matter for qualified executives rather than a democratic process. (...)
The Succession Strategy
As constitutional crises consume the Trump presidency—particularly around the Epstein revelations where promised evidence has failed to materialize—the crypto accelerationists appear to be positioning for the next phase of their plan.
They have invested over a decade in positioning Vance not as an emergency replacement for Trump, but as the natural evolution—someone who shares their fundamental critique of democratic governance but possesses the intellectual framework to implement systematic change.
Where Trump operates through impulse and grievance, Vance would operate through ideology and systematic planning. He arrives not needing to learn how to subvert democratic institutions, but with a fully developed philosophical framework for why such subversion is necessary and justified.
The Constitutional Trap
Evidence suggests that Sacks may have positioned Trump for exactly the kind of constitutional crisis that would necessitate succession. The mechanism appears to be cryptocurrency-related violations of the Foreign Emoluments Clause.
TrumpCoin and World Liberty Financial create potential constitutional violations because they allow foreign entities to provide financial benefits to the president. The Foreign Emoluments Clause prohibits the President from receiving any gift, payment, or benefit from foreign governments without explicit Congressional approval. World Liberty Financial’s investor rolls include entities like the UAE, whose purchases could constitute exactly this kind of prohibited foreign benefit.
Cryptocurrency’s structure makes such violations both easier to commit and harder to hide—blockchain creates permanent, traceable records of every transaction. Sacks, with his University of Chicago law degree, would understand these implications perfectly.
While ensuring his own conflicts were addressed through narrow divestitures, Sacks never publicly warned Trump about these constitutional landmines. Instead, he legitimized TrumpCoin on television, describing it as “a baseball card or a stamp” rather than acknowledging its potential regulatory implications. (...)
The Seditious Nature
What we’re witnessing constitutes sedition in its most systematic form. When government officials use their positions to undermine the financial systems they’ve sworn to protect, when they engineer constitutional crises for personal and ideological benefit, when they work to replace democratic governance with privately controlled systems—they’ve crossed the line from legitimate political activity to betrayal of their constitutional obligations.
David Sacks, Peter Thiel, Elon Musk, and JD Vance are actively working to subvert the constitutional order of the United States. Not through dramatic rebellion, but through the patient capture and systematic undermining of the institutions that make democratic self-governance possible.
Their sedition is particularly dangerous because it operates through legal mechanisms and maintains the appearance of legitimate governance while systematically destroying its substance. They’re not overthrowing the government—they’re reprogramming it to serve their interests rather than democratic publics.
What we’re witnessing constitutes sedition in its most systematic form. When government officials use their positions to undermine the financial systems they’ve sworn to protect, when they engineer constitutional crises for personal and ideological benefit, when they work to replace democratic governance with privately controlled systems—they’ve crossed the line from legitimate political activity to betrayal of their constitutional obligations.
David Sacks, Peter Thiel, Elon Musk, and JD Vance are actively working to subvert the constitutional order of the United States. Not through dramatic rebellion, but through the patient capture and systematic undermining of the institutions that make democratic self-governance possible.
Their sedition is particularly dangerous because it operates through legal mechanisms and maintains the appearance of legitimate governance while systematically destroying its substance. They’re not overthrowing the government—they’re reprogramming it to serve their interests rather than democratic publics.
by Mike Brock, Notes From the Circus | Read more:
Image: Jp Valery on Unsplash***
On Monday, Trump Media & Technology Group (TMTG), a publicly traded company majority-owned by Trump, announced that it had acquired $2 billion in bitcoin. Trump is turning a failing media company into a bitcoin holding company. TMTG, the parent company of Truth Social, lost over $185 million on just $3.6 million in revenue in 2024. (...)
Trump’s embrace of crypto provided a sizable fundraising boost. The New York Times reported that Bailey raised $30 million for the Trump campaign from fellow crypto executives. Sacks also hosted a multimillion-dollar fundraiser with San Francisco tech executives. Major crypto investors like Marc Andreessen, Ben Horowitz, and Tyler and Cameron Winklevoss donated millions of dollars to various pro-Trump super PACs. In total, the crypto industry accounted for over half of all corporate money in the 2024 election across federal races, raising $245 million. (...)
The financial conflicts in the White House go beyond Trump. Sacks, Trump’s crypto czar, is continuing to work as a partner at Craft Ventures, a venture capital firm co-founded by Sacks that has investments in crypto companies.
A memo released by the White House in March states that Sacks and Craft Ventures divested over $200 million in digital-asset related investments. However, the memo also states that Craft Ventures continues to hold “private equity of digital asset-related companies that are highly illiquid and thus not easily divested.” At the time of the memo, Sacks also had a direct interest in a venture capital investing platform “that may presently have some minor digital asset industry holdings or might in the future.”
Normally, government employees are subject to conflict of interest laws. But the White House has issued multiple waivers to allow Sacks to work in the Trump administration while maintaining his investments. The first waiver, released in the March memo, allows Sacks “to participate as a special government employee in certain particular matters regarding regulation and policy related to the digital asset industry, including cryptocurrency.”
The White House memo acknowledges that Sacks’ work in the Trump administration could affect his investments, but argues that his personal financial interest is “not so substantial as to be deemed likely to affect the integrity of [his] services.”
Trump’s embrace of crypto provided a sizable fundraising boost. The New York Times reported that Bailey raised $30 million for the Trump campaign from fellow crypto executives. Sacks also hosted a multimillion-dollar fundraiser with San Francisco tech executives. Major crypto investors like Marc Andreessen, Ben Horowitz, and Tyler and Cameron Winklevoss donated millions of dollars to various pro-Trump super PACs. In total, the crypto industry accounted for over half of all corporate money in the 2024 election across federal races, raising $245 million. (...)
The financial conflicts in the White House go beyond Trump. Sacks, Trump’s crypto czar, is continuing to work as a partner at Craft Ventures, a venture capital firm co-founded by Sacks that has investments in crypto companies.
A memo released by the White House in March states that Sacks and Craft Ventures divested over $200 million in digital-asset related investments. However, the memo also states that Craft Ventures continues to hold “private equity of digital asset-related companies that are highly illiquid and thus not easily divested.” At the time of the memo, Sacks also had a direct interest in a venture capital investing platform “that may presently have some minor digital asset industry holdings or might in the future.”
Normally, government employees are subject to conflict of interest laws. But the White House has issued multiple waivers to allow Sacks to work in the Trump administration while maintaining his investments. The first waiver, released in the March memo, allows Sacks “to participate as a special government employee in certain particular matters regarding regulation and policy related to the digital asset industry, including cryptocurrency.”
The White House memo acknowledges that Sacks’ work in the Trump administration could affect his investments, but argues that his personal financial interest is “not so substantial as to be deemed likely to affect the integrity of [his] services.”
