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keithbvadu2

(40,915 posts)

7. Robbing thr treasury. Giving taxpayer real money for fantasy money.

Reply to no_hypocrisy (Original post)

Mon Jan 13, 2025, 09:49 AM

Jan 13

The big money return in crypto is:::
1. Starting it, hyping it, selling it, and getting out, leaving the
suckers holding the bag.
2. Handling/storing it for others.
...a. Not your own money/crypto. Someone else's money/crypto.
...b. Lots of fraud/money manipulation/theft/lack of regulation.
3. Backed by trust/faith/great promises/optimism... but no
real assets.
4. It can literally disappear and good luck with lawsuits.

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Every legislator approving this should be made to invest half their family's life savings/net worth in the very same crypto to show their confidence in it.
.

Click here to purchase valentine hearts!

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Ursus Rex

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Highlight:

If Trump succeeds in selling gold reserves for crypto, [View all] no_hypocrisy Jan 13 OP

Latin America went into further poverty when their precious metal coins got exchanged for paper currency. GreenWave Jan 13 #1

Crypto... 2naSalit Jan 13 #2

Right on! An unbacked fantasy should not be competing with sovreign currencies anywhere. SO STUPID! dutch777 Jan 13 #4

I don't care if it exists.... Happy Hoosier Jan 13 #6

Once he sells off our gold bullion, the dollar will no longer be the global currency? Irish_Dem Jan 13 #3

No Gold, Dan Jan 13 #12

Didn't we eliminate the gold standard? I think FDR proposed it and Nixon finalized it. LeftInTX Jan 13 #14

I know that China has been squirreling away tons and tons of gold. Irish_Dem Jan 13 #15

Yes, the cross of gold Dan Jan 13 #16

I don't care how you slice it, crypto is nothing but a Ponzi scheme William769 Jan 13 #5

Robbing thr treasury. Giving taxpayer real money for fantasy money. keithbvadu2 Jan 13 #7

Klepto, Gypto, Crypto. oasis Jan 13 #8

You mean if he and his mob steal the gold and replace it with worthless crypto malaise Jan 13 #9

How many GOLDEN Traildogbob Jan 13 #10

Might as well pack up, gold back the dollar not some mined convention Historic NY Jan 13 #11

Sell it to whom? n/t defacto7 Jan 13 #13