Monday, July 06, 2026

Some random "America turns 250" stuff

NPR explains that coffee was very important in America at the time of its independence.  I don't think I knew that before.  Sure, I think everyone knew it was big for the French revolution, but the American one, not so much:

"The first documented example of a mortar and pestle used to grind coffee beans was on the Mayflower" in 1620, says historian Michelle Craig McDonald, the author of Coffee Nation: How One Commodity Transformed the Early United States.

"The fact that coffee was present so early is not surprising if you think about it," McDonald says. "A number of those who were on the Mayflower came to North America from Amsterdam, which was a major coffee trading center in Western Europe by the 17th century."

The first coffeehouse in the colonies opened in 1676 in Boston, a century before the U.S. declared independence, she says. Some taverns sold coffee even earlier....

In July 1774, John Adams (before he became the second U.S. president) wrote to his wife Abigail, recounting an incident during his travels. After a long day, he asked the proprietor of the house where he was lodging for a cup of tea, provided it was smuggled and free of British taxes.

" 'No sir, said she, we have renounced all Tea in this Place. I cant make Tea, but I'le make you Coffee.' Accordingly I have drank Coffee every Afternoon since, and have borne it very well. Tea must be universally renounced. I must be weaned, and the sooner, the better," Adams wrote.

Despite John Adams claiming a newfound patriotic duty to appreciate coffee, McDonald says colonists had been drinking lots of coffee all along.

She studied advertisements from the 1760s and '70s to estimate how many shops sold coffee versus tea. Even before the Boston Tea Party, she says, "coffee is definitely more broadly available than tea is."

A big reason? It was cheaper. "Its price again per pound is significantly less, which tells you about its availability, its accessibility to drinkers."

 *  Seems to me that Trump managed to make international interest in the celebration as low as it could conceivably go.   It was just too embarrassing to watch.

*  Speaking of Trump, the spectacular depth and heartlessness of his grifting makes it hard to believe that he still has the support of the people who lost savings on his useless Trump crypto:

Nearly 1 million people who bought President Trump’s memecoin have lost money through the end of June, according to a report by the cryptocurrency analytics firm Nansen. Their losses total $3.81 billion.

The analytics firm’s assessment was calculated this week after Mr. Trump signed an annual financial disclosure showing that he walked away with a $636 million payout on the same crypto bet, part of a haul of at least $2.2 billion from all of his business ventures in 2025.

The odds were always in his favor. Mr. Trump profited whether the price of his memecoin went up or down. He collected returns whenever anyone traded the tokens, as he repeatedly pushed his followers to do, using his Truth Social account to promote the coin.

Most crypto transactions are publicly visible, recorded on a digital ledger called the blockchain. That allows analysts to trace purchases of digital coins from individual crypto accounts, known as wallets. Nansen’s data shows that, as of the end of June, 988,905 buyers of the $TRUMP memecoin have lost money, representing roughly two out of every three buyers.

Cumulatively, these 988,905 wallets have lost a total of $3.81 billion, including buyers who have held on to their stash and recorded paper losses, according to Nansen. The coin was trading at $1.76 as of Friday, down 97 percent from its peak price of $75.35.

 I guess I could join in with those who don't have much sympathy with the people who were grifted - although is it wrong to not sympathise at least a little with dumb people losing their money due to cult like trust in such a morally ugly figure?  I'll leave that question up to a philosophy podcast!

I do have sympathy to any exasperated children who find their parent is now penniless due to the grift the kids are only now learning about, however. 

 Update:



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