To full on feudalism.

Neo feudalism

If we don't de-rail that basturd and his evil cronies, it will be a short trip.

Banks don’t “back” currencies, the US Treasury, via legislation from congress, does. (Go read your paper money).

Perhaps you meant that Trump wants banks to accept cryptocurrency for any and all transactions, without question or hesitation?

... The Sinister Six have corrupted the Supreme Court to a degree never before witnessed in America's history, so they're as useless as teats on a bull.
Those who have the power to rein him in are too busy clutching their pearls, squealing "Dearie me!", and calling for smelling salts.
I guess we're finally going to deserve Ayatollah Khomeini's harsh assessment of America: We are becoming "The Great Satan", and Trump is selling us out right under our noses.
And Republicans are fine with it, God damn their souls to Hell.

They speak amongst themselves of their "bravery in the face of criticism". How fucking stupid and clueless.

Last edited Fri Dec 19, 2025, 12:52 PM - Edit history (1)

When the dollar tanks the crypto bros will own the world.

he steals from everyone, even his friends (well, he doesn't really have friends) and family. He just calls it different things, and gives favors if they let him steal larger sums from them without complaint.

He should be removed by U.S. Constitution's Article II (Executive Branch) concerning presidential power to remove executive officers, a major topic in administrative law involving separation of powers, accountability, and the President's role in ensuring laws are executed, with Supreme Court cases like Humphrey's Executor defining limits on "for-cause" removal protections for agency heads.
It can also relate to specific legal procedures for removing company administrators (like in ADGM) or probate/estate administrators under certain acts, or even the process for removing civil cases to federal court (28 U.S. Code § 1446).

This Man Destroyed Our Country, Economy, and People,
and The Republicant Party Stood by and Let Him Do It
and Did NOTHING!

The Federal Reserve Board of Governors on Thursday approved the reappointment of 11 of the 12 presidents of regional Fed banks — the one exception reflecting a previously announced retirement.

Why it matters: There had been speculation among central bank watchers that this every-five-years reappointment process could involve more fireworks than usual, as Trump appointees to the board seek major change to the nation's central bank.

Atlanta Fed president Raphael Bostic recently announced his retirement at the conclusion of his term in February, but his 11 counterparts around the country were green-lit for another term.
Driving the news: "Following a comprehensive review by the boards of directors of the regional Reserve Banks, and the unanimous concurrence of Federal Reserve Board members," the Fed announced reappointment of the 11 bank presidents.

The action also includes reappointment of the banks' first vice presidents, who act as chief operating officer of the banks and fill in if the president is unavailable.
Of note: The mention "unanimous concurrence" of governors implies that the three Trump-appointed governors were on board with the reappointments.

Catch up quick: Presidents of the 12 reserve banks serve in an unusual hybrid public-private structure. They are selected by independent boards of directors consisting of local community members, with appointments that must be approved by the presidentially appointed Board of Governors in Washington.

once the bitcoin crowd unload their crypto hoards onto the "crypto reserve" at inflated prices because treasury demand , the taxpayers will be holding lots of digital nothingness that no one else wants.

Trump wants lower interest rates because he is leveraged out the wazoo and will benefit greatly from lowering his own business costs, as well as those of his uber-rich pals who also would benefit.

However, rates won't go to "zero" because he and his pals still need banks to finance their businesses and zero interest rates won't work for banks.

The other day to a colleague

The data centers are the crypto crib
AI will mine at a breakneck speed
Data center growth will be validated by the earnings, money will be thrown in to build improved, more efficient systems for the crypto creeps, crushing our current fiat model.