This isn't a stockpile, it's a bailout
Reposted from
NBC News
President Trump announces his administration will move to evaluate the creation of a "national digital asset stockpile" — making good on a promise to support the use of cryptocurrencies like bitcoin.
Comments
"Trump uses taxpayer money to buy thin air from his friends"
Billionaires flooded with bitcoin will be able to exchange this for real cash --- the rest of us have to pay the bill. And at the end the US is left holding a bunch of bitcoin.
You can stockpile oil, or gold, but you can't stockpile "numbers on a ledger whose value from day to day are picked by a pigeon."
The motion passed.
https://www.cbc.ca/news/canada/british-columbia/vancouver-mayor-ken-sim-bitcoin-reserve-1.7408208
US Treasury his biggest piggy bank raid.
MAGA fools
Mars Phoenix Lander 2008 (R)
No, no, no my friend.
This is far, far worse.
This is embezzling funds directly from the US Treasury
Bitcoin as an investment works by you being able to buy magic coins, but sell those magic coins to a "greater fool" later.
This isn't a stockpile. It's making USG the greater fool of last resort.
Not sure if the guest is on here @tracyalloway.bsky.social @weisenthal.bsky.social ?
(I don’t wonder)
“If possible”
“At a plausible time”
An evaluation is a study.
But most importantly, we express the value of Bitcoin in other assets. I think that is more valuable of a comparison.
Have you seen the "Price of eggs in Bitcoin" chart?
https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/
But this is not that.
Great article by Ryan Cooper
https://prospect.org/power/2024-11-26-crypto-plot-against-americas-gold-reserves/
You can't be sure what this crew is up to, other than knowing whatever they're up to, it's dirty business.
I hear they’re going to skyrocket. Real soon.
Getting and spending, we lay waste our powers;—
Little we see in Nature that is ours;
We have given our hearts away, a sordid boon”
And by the “hearts” we gave away, I think Wordsworth clearly meant “the dollar as the global reserve currency”
*1 Terawatt-Hour, TWh = 1,000,000,000 kilowatt-hours
*1 Terawatt-Hour, TWh = 1,000,000,000 kilowatt-hours
https://theonion.com/recession-plagued-nation-demands-new-bubble-to-invest-i-1819569940/
Is the grift going to succeed and are we the chumps? Or are the grifters the chumps?
Grift coin, 2025: We need a taxpayer bailout so our billionaire overlords can seize control of every aspect of society
He used the constitution to shatter the constitution.
January 30, 1933, Hitler was appointed 15th chancellor of the Weimar Republic.
He set about destroying a constitutional republic through constitutional means.
https://www.theatlantic.com/ideas/archive/2025/01/hitler-germany-constitution-authoritarianism/681233/?utm_source=facebook&utm_medium=cr&utm_campaign=2024_Content_InternationalTest_Prospecting_Sales_Standard&utm_content=010925_HitlerDismantledDemocracy_NA_NA_NoCTA+-+Copy&utm_term=InternationalContentTest_Advantage&referral=FB_PAID&fbclid=IwZXh0bgNhZW0BMABhZGlkAAAF_-9c9HUBHXixI3A61-Kr6buHYodnxZD_czDqrIKZjLRSvl-1pjKxTUj6P-fZQgLHOg_aem_0N4t7xT_51aXQ60-c6Xn3g&utm_id=6590373061077
Literally pilfering the coffers.
The proper word is, "graft."
🤬
Destruction/ denigration of US as the world currency is on my top 5 worst case scenario list!
Thus transferring actual money from the USA to his bank account, and the USA gets their shitcoin?
Nice job #MAGA, really cleaning up the swamp here!
We're in hell.
Take over a business, sell off the assets and run up the debts. Then burn it down.
For Christ’s sake, they act like this guy defrauded a charity or something.
.
A decentralized currency makes a corp truly independent of government regulations and sovereignty