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Unstable $20,000 dollar swings inside of 2 weeks |
As part of his plan to bankrupt the American people, impose vicious austerity, and turn the Federal Government into a system modeled on Putin's Russian Federation controlled by OligarchsDonOld Traitor Trump announced a US Strategic CryptoCurrency Reserve.
Over the last year, Bitcoin has jumped from a low of $54,000 to a high of $106,000 and today sits around $81,000. Trump's executive order covered 5 total commodities.
Trump has believed for a long time that the Dollar being the world's reserve currency is a "bad deal" for the United States. Of course, it's because he's stupid and has a Mafia leaders understanding of money. What he's really interested in is what he can get out of it. Hence, the $TRUMP meme coin. Trump's a pump and dumper who base desire for money means he'll make this "Strategic Reserve".
Of course, Crypto is a worthless commodity and a terrible financial instrument except for stealing large sums of real money. Which is the entire point for those who invented it. Crypto's, most common use, is to bilk old people out of their life's savings.
All those crypto bros who declared BitCoin and crypto was a hedge against inflation and a way to undermine the Fiat Currency will never admit that what they've always wanted was to replace their dollar with their made up digital "currency" and thus make themselves instant Billionaires with no work.
Ha ha ha your money is rocks join the 21st century, they say. God Candle! Bitcoin will always go up!
Couple that with the massive amounts of energy required just to service the Servers which compute the algorithms and store the bits. And the massive noise pollution and heat produced by the complexes required to do the so-called "mining".
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Sacks owns huge amounts of all 5 Strategic Crypto |
What Trump did was make Bitcoin and Crypto reserves Too Big To Fail, so when the pump-and-dump and rug pull cycles lead to a crypto collapse the Whales will need to be bailed out thus leading to a $6,000,000,000,000 transfer of wealth. Yes it will be 6 Trillion dollar bailout.
And where will that money come from? Glad you asked. Medicaid, Social Security will make up half of the money stolen and the other half the Republicans will get creative. But, like all thieves the Republicans know that what they are in office to do is to make new ways to funnel taxpayers money into their and their Plutocrat Owners hands.
Crypto is just one facet of the Trump/Musk/MAGA dismantling of the United States of America. And without a doubt when the massive theft occurs, MAGA will simply listen to Faux News and blame Woke DEI Biden for the crime. Billionaires are going to make off with every American's birthright.
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