79 points

They got away with stealing half a trillion four years ago. Not a surprise.

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11 points

Wait half a trillion? When did that happen?

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53 points
*

COVID was the most transparent upwards transfer of wealth I’ve ever seen in my lifetime.

Nobody noticed it at all, but it happened.

To get us out of the COVID market crash (which should’ve been allowed to happen in a “free market”) we got a Fed that was actively buying financial products to keep the market from imploding.

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9 points
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Yeah, they do this regularly (see also 2008 for example). The devaluation/inflation of currency is a crucial tool for transferring wealth from the poor to the rich. That’s one of the fundamental reasons why crypto was developed.

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10 points

During the COVID “response”. About half a trillion went out with oversight sabotaged, while the federal government engaged in literal acts of piracy to enrich the Trump family. All with no consequences.

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59 points

Ah, so that’s why bitcoin spiked out of nowhere. All the grifters passed around some inside information and stocked up before this went public.

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20 points
*

I have a very small investment in a btc etf but have watched it go up 150% in the past 2 weeks.

Btc is an instrument to end the central banking system and bypass sanctions.

A while back I decided I’d put my money where I knew the evil people were heading.

Turns out my (very small) portfolio has gone up 56% the past month.

Crime pays, I guess is the lesson.

(Purchased last year at 4.40 a share)

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25 points

Btc is an instrument to end the central banking system and bypass sanctions.

…He says, smugly holding his BTC in a centrally banked backed ETF

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4 points

Not your keys, not your coins.

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8 points

No it spiked due to tether printing money. As always

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47 points

Hey, constituents! Ever wanted to find out the breaking point of society through inequality?

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39 points

😆 what a fucking grift.

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15 points

“Conservative” populism is the grift that keeps on giving

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38 points

If we want to have some sort of strategic crypto reserve, or some crypto dollar currency, why the Hell would we buy Bitcoin to do it? We can just whip up our own coin. Flat out call it CryptoDollars if you want. IDK. The federal government can create a coin, give it out to people for free, and then in turn accept it for taxes, the same way any currency is backed. Buying up existing market Bitcoin is just idiotic.

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29 points

Because it’s not tied to whatever shitcoin Trump and Musk are trying to pump and dump

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28 points

I think it is rather clear. This is not about having a crypto reserve but about increasing the value of musks’ Bitcoin wallet.

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1 point
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Because paper money can be instantly created by any bank/etc in the form of a loan/etc.

That would be extremely difficult with any crypto of value since it would be constantly devalued (like the USD) but probably transparently for the any foolish “investor” to see.

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