“Filling a crypto reserve would effectively represent a huge transfer of wealth from taxpayers,” writes James Surowiecki. In other words, “a handout for crypto holders”:
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My bet is that Treasury establishes the crypto reserve, because Fed won't play ball, and that Bessent sells gold reserves (as mentioned in article) to fund the bitcoin purchases. Or will Treasury simply ignore the debt limit and law and use what little money Treasury has to buy bitcoin?
After 2008 I remember finance people analysing the mess. They were buying and selling huge batches of complex mortgage based securities they they did not understand. Crypto currencies look like a disaster, somehow or other.
yes and how any president or leader could promote crypto rather than their country's currency seems treasoness to me.
Can you get a mortgage with crypto or buy everyday items??
Well, because their crypto losses have been so enormous the last few weeks, that after all the promises the crypto bros in the administration made - they basically shit their pants, and are filling their socks, and before it stains the carpet they’re trying to get us to pay for changing their diaper
"They have no use value either to the U.S. government or to the American economy."
That's entirely untrue.
Followed up by, "We can get along without them just fine."
We can get along without a lot of things.
I'm no crypto bro, and see Trump for what he is, but let's try to color between the lines.
Bill Clinton in the 90’s: “Behold! I hast created a government Beanie Baby Reserve… that my friends and myself just happen to own a lot of! Which shouldn’t concern you at all!”
In Huntington Beach, CA permitting, a rather unusual transportation permit application was submitted for "HAVEN-1 SPACE STATION DEMONSTRATION MODEL". Apparently, is scheduled for launch no earlier than May 2026.
The founder is Jed McCaleb, who also created the cryptocurrency called Ripple or XRP.
.. its like people dont understand crypto at all but feel entitled to write articles based on the propagandized nonsense going around online
1 Satoshi is already more valuable than several countries Fiat-currency and closing in on many more .. why wouldnt people in those countries adopt it now
Yep. This American agrees.
But the thing I truly don't get is why so many, whose lives are totally controlled by digital technology, don't recognize that crypto WILL be the future of money. The cat's out of the bag. It's already a $3 Trillion industry. That genie isn't going back in the bottle.
Emptying Fort Knox to buy crypto just a pump-and-dump scheme to drain the Treasury and make Trump, Musk, Vance, Thiel, and their crypto bro pals into trillionaires. For example "Crypto prices jump as Trump names tokens included in strategic reserve" https://www.ft.com/content/9c18e66d-6ab4-45b2-9d86-51909de2db92
the techbros will launder treasury funds with their digital play money. this enables the techbros to steal our money, plain & simple. FFS DOGE is named after a coin. IT WAS ALWAYS THE PLAN
The Republican blueprint is Russian oligarchy: In the 1990s, Russia’s most profitable organisations were dismantled and taken over by tycoons able to take advantage of an increasingly compromised privatisation process and seize control of hugely profitable state enterprises.
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https://www.theatlantic.com/ideas/archive/2025/03/strategic-cryptocurrency-reserve-swindle/681917/
Can you get a mortgage with crypto or buy everyday items??
Their scams just keep coming!
That's entirely untrue.
Followed up by, "We can get along without them just fine."
We can get along without a lot of things.
I'm no crypto bro, and see Trump for what he is, but let's try to color between the lines.
Newt Gingrich in the 90’s:
The founder is Jed McCaleb, who also created the cryptocurrency called Ripple or XRP.
1 Satoshi is already more valuable than several countries Fiat-currency and closing in on many more .. why wouldnt people in those countries adopt it now
But the thing I truly don't get is why so many, whose lives are totally controlled by digital technology, don't recognize that crypto WILL be the future of money. The cat's out of the bag. It's already a $3 Trillion industry. That genie isn't going back in the bottle.
Ponzi scheme.
Pyramid scheme.
Dot-com bubble.
Prosperity gospel.
“There is a sucker born every minute.” - P.T. Barnum (maybe)
Will they reserve funds for those of us that lose money in our 401ks?
if they want bitcoin just make their own
and poof the rest are worthless
why are we buying these NFT's? \
this is the biggest scam ever
its STEALING - from taxpayers to give to the criminal wealthy/Oligarchs
Its a CRIME
....it's proof that crypto is a scam