So. America got bought by a vulture capitalist and they are selling off assets.
“Running America like a business”
Mr. Art of the deal-do is robbing you blind. No matter how this ends, he and felon will have stashed piles of you cash
The only real question is whether he is doing this to enrich himself, or because Putin told him to do it.
Fuck bitcoin. Let’s bring back the beanie-baby as a monetary standard.
If we’re going to use something physical, we should use meteoric rocks that can’t be replicated on Earth.
Musk starts eyeing the old boxes full of them in his basement…
Dumbest. Fucking. Idea. Ever
Well no its actually a perfect method of looting the treasury and handing all the country’s future wealth to the billionaires now, making them trillionaires, and all in a way thats essentially impossible to track…
So… I’m guessing the plebs get the cryptocurrencies. Which are backed by stablecoins… which are backed by tech grifters saying “I can cover it bro, trust me”.
Meanwhile the elites will take all that worthless gold and dispose of it for us.
Bitcoin is backed by the price of coal.
For all intents and purposes, bitcoin is effectively minted coal.
So it’s backed by climate change?
Yep. It’s unethical but nonetheless makes the coin actually have tangible holdings, because it’s actually impacting the real world.
Well there it is. For anyone who believed that they were simply going to create a reserve to store already existing cryptocurrencies - that were confiscated by the federal agencies - and not spend federal dollars to bolster or hype up cryptocurrencies that are connected to the people in the administration, y’all are idiots.
I mean even that original plan would be fairly stupid. Law enforcement agencies seem to operate just fine with the current reserve of forfeited cryptocoins - I didn’t read anywhere of the FBI/CIA/etc crying out for a central bank style ‘strategic reserve’ managed by the FRB to add more layers of bureaucracy.
The only place I can find in news cycles saying it’s a great idea is a think tank entitled the Bitcoin Policy Institute who put out a report in late 2024 entitled “The case for Bitcoin as a reserve asset”. Plus all the usual crypto bros begging for it to pump their positions. Gosh, I wonder if these parties may be biased.
A purchase shortly followed by one of the biggest bitcoin and market crashes in modern times.
I’ve never been this high
Make America Great Depression Again
nah, they’re just bringing back the roaring 20s!
LOL.
The biggest pump and dump scam of all time?
Make sure to tell a magat how much you hate them today for bringing this fucking bullshit upon us
So they want to trade something that is almost always worth a lot for something that is sometimes worth a theoretical shitload or less than a loaf of bread, depending on the day?
Brilliant, very good. Nothing stupid will come of this I’m sure. /s
Kinda makes trump the most relevant libertarian
I don’t know why so many commenters think this is just a joke or funny. They’re talking about stealing the wealth of America to give to their rich friends directly through Bitcoin scams. That’s what this will be. Giant government-funded pump and dump for their rich fascist friends.
It’s worse because as described in the largest comment in the thread the Federal Reserve is not the US government’s wallet. And there is no mechanism for them to “just sell gold”.
It’s yet another thing that sounds vaguely feasible only if you know absolutely nothing about any of the systems in place.
They’re talking about stealing the wealth of America
The wealth of America isn’t in a bunch of yellow rocks piled up in a vault in Kentucky. We’re dismantling the NIH. We’re dismantling the NOAA. We’re dismantling Medicaid and Medicare. We’re dismantling the entire higher education system.
If this was a four year long bank robbery, I wouldn’t give a fuck. It’s the destruction of our scientific and health care communities that has me gaping in horror.
It’s wealth owned by the American people right? I didn’t say it was the only wealth.
The One Piece is real
