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Topic: Trump will compete directly with Bitcoin (Read 2220 times)

full member
Activity: 551
Merit: 100
November 24, 2024, 04:03:48 AM
Currently, the most pro-cryptocurrency power in the USA. Cryptocurrencies and their own interests
member
Activity: 182
Merit: 47
November 23, 2024, 04:53:51 PM
Huh? What are you talking about? Congress can overturn any
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The people who "own the Fed" are the ~335 million Americans who control Congress
Keep telling yourself that, if it helps you sleep at night.  Tongue

Keep looking for that secret room full of jews who control everybody's minds. Let me know when you find them. Cheesy

legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 23, 2024, 04:42:18 PM
Huh? What are you talking about? Congress can overturn any law it has ever passed with another law. That's how the Constitution works. I really don't see why this is particularly controversial...
OK. Not theoretically impossible. Realistically, practically impossible. Is that better?  Roll Eyes

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What you seem to be up against is that he Fed is actually a good and useful thing that enables our modern economy.
Yes, it's a banking cartel with a government-granted monopoly on the creation of money. The paper notes they issue are mere promises, backed by nothing of intrinsic value, and they only function as money because the government enforces their use through legal tender laws. Essentially, they are a group of banks that run a national counterfeiting operation, with the protection of the government. It is another level of scam.

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The people who "own the Fed" are the ~335 million Americans who control Congress
Keep telling yourself that, if it helps you sleep at night.  Tongue
member
Activity: 182
Merit: 47
November 23, 2024, 04:21:40 PM
The fed was created by an act of Congress. It could be uncreated just as easily.
No, it could not.


Huh? What are you talking about? Congress can overturn any law it has ever passed with another law. That's how the Constitution works. I really don't see why this is particularly controversial...

Now, you can argue that it would be very very bad to get rid of the Fed, but that is a very different argument than saying it's impossible because it secretly controls people's brains.

What you seem to be up against is that he Fed is actually a good and useful thing that enables our modern economy. Saying this is some kind of tyranny is like saying that electricity is tyranny since modern civilization can't live without that either.

And the Fed's independence--which, again, could be revoked with a simple act of Congress--has remained that way out of fear that some politician e.g. Trump would just order the Fed to do something dangerous because it helps him politically in the short term, not a secret room with jews.

The people who "own the Fed" are the ~335 million Americans who control Congress (or, okay, the ~140M who actually vote). The same people who own our nuclear weapons and own Yellowstone Park, for instance.

legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 23, 2024, 04:10:05 PM
The fed was created by an act of Congress. It could be uncreated just as easily.
No, it could not. It was created under a time when there were several bank runs. Back then, the US had a decentralized and fragmented banking system, with no central bank to dictate the interest rates. The Fed emerged as a safeguard against those financial crises.

Abolishing it is infeasible for many reasons.

  • There has been a century of Keynesian propaganda spreading across the most prestigious Universities. For the last few decades. economists, professors and students of economics, have been taught all the Keynesian nonsense that tries to justify inflation created by the central bank. So there is strong resistance, because modern intellectuals would oppose it.
  • Most members of Congress are unsure about what system could effectively replace it; even its critics cannot find consensus. This means that serious discussions about its abolition are off the table.
  • Only a small number of Congress members fully understand the fraud of the system, and among those who do, many hesitate to speak out due to political risks.
  • The people who own the Fed are the richest people in the world, and that allows them to lobby politicians and shape public opinion.
member
Activity: 182
Merit: 47
November 23, 2024, 01:41:12 PM
Huh. And exactly how do they operate this absolute control over American democracy?
News flash: You don't truly have democracy!  


LOL, the word "truly" is doing a lot of work there  Cheesy.

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Grin  If the democratically elected party cannot touch the entity that manages monetary policy and decides the legal tender money supply of the country, then it does not matter what laws you have. They're always one step ahead of you.


The fed was created by an act of Congress. It could be uncreated just as easily. The Federal Reserve Act was... an Act--which could be changed or repealed at any time.

The Republicans have all of the power now, so why do you supposed they don't abolish the Fed? Nothing is stopping them. The people have spoken, and have given them the power--and many of their voters believe exactly as you do.

Of course we both know they aren't going to do anything to the Fed. Why? Because it wouldn't do anything besides cause financial chaos. Why? Because there is no conspiracy, just a government entity doing exactly what everybody knows it does.

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Stop displaying such naivety and start studying. The Fed is independent of both the State and the Congress: https://en.wikipedia.org/wiki/Federal_Reserve_Act.

You never explained to us how this Act secretly controls everybody's lives. That link doesn't contain any evidence either.




legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 23, 2024, 05:10:15 AM
Huh. And exactly how do they operate this absolute control over American democracy?
News flash: You don't truly have democracy!  Grin  If the democratically elected party cannot touch the entity that manages monetary policy and decides the legal tender money supply of the country, then it does not matter what laws you have. They're always one step ahead of you.

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The US president appoints the Fed chair after all.
  • The Chair is one of seven members of the Board of Governors, all of whom are appointed to 14-year terms. Not to 4-year terms, as presidents.
  • Once appointed, the Fed operates independently of both the executive and legislative branches. Monetary policy decisions are made by the FOMC, which includes the Chair, the Board of Governors, and regional Fed bank presidents.

Stop displaying such naivety and start studying. The Fed is independent of both the State and the Congress: https://en.wikipedia.org/wiki/Federal_Reserve_Act.
member
Activity: 182
Merit: 47
November 22, 2024, 04:12:15 PM
Huh. Interesting. So the Jews wanted Biden in 2020 and now they wanted Trump again? Why is that?
It does not matter who gets elected for them, because nobody touches the Fed.


Huh. And exactly how do they operate this absolute control over American democracy? The US president appoints the Fed chair after all. How do they control Congress such that they don't change the laws to abolish the Fed? Do they exert mind control over every member of Congress? How do that do that?

What's ironic here is that people who think like you do just won the election and thus there are people in absolute power right now who are going to go looking for this secret room full of jews you say exists and they... aren't going to find it.


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Have you got the slightest idea of the crimes committed throughout history over control of the monetary system and money supply? As I said, if you study history since the 1700s, you'll find that a handful of families have orchestrated many conspiracies, incited wars, and plunged nations into debt. Dismissing all this by claiming that the average person simply blames others for their own mistakes is beyond ridiculous.

So you are saying the jews deserved what they got in the 1930s in Germany?

And these jews started the US civil war? The US revolutionary war? The war of 1812? Amazing.

And why did they start these wars? And how, without social media, did they change the minds of so many people so quickly in order to make them want to go to war?








legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 22, 2024, 03:53:11 PM
Huh. Interesting. So the Jews wanted Biden in 2020 and now they wanted Trump again? Why is that?
It does not matter who gets elected for them, because nobody touches the Fed.

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Banking is always going to be a fraught profession, politically-speaking, since whenever people have money problems, the first entity they blame is the bankers
Have you got the slightest idea of the crimes committed throughout history over control of the monetary system and money supply? As I said, if you study history since the 1700s, you'll find that a handful of families have orchestrated many conspiracies, incited wars, and plunged nations into debt. Dismissing all this by claiming that the average person simply blames others for their own mistakes is beyond ridiculous.
full member
Activity: 490
Merit: 209
November 22, 2024, 01:38:04 PM
I've been seeing different tokens online since Trump became the next American president after Biden which he would be inaugurated by January. There has been so many shit coins in the market current that jumped from no where since Trump was elected. We ought to be very careful about many of these shit coins because it obvious that many devs and scammers are using this opportunity to lure investors to buy altcoins too has the price of Bitcoin keeps going bullish. We are still counting to see the price of Bitcoin hit $100K as soon as possible. Bitcoin is going to do better with time and we need to be prepared because this bull market is going to be huge and profitable.

And their have been a lot of coins pumping out of different places and trump winning have been one of the best opportunities for crypto, because their have been a good run in the market, and if it was Biden nothing would have affected the market the way trump winning have shaked the market, because aside bitcoin their other coins that are also moving up, due to the influence of bitcoin. And that is why you don't underestimate the power of bull run because now their have be a hit in the whole market, and trump coming to the picture made everything very interesting.

And been careful is very important because if you are not careful you might fall in the trap of buy and dump because most of this shitcoins are always doing somthing like this so it's going, and scammers are always working very heard just to scam people, this is a period is a period that people have to be careful, and very soon the price of bitcoin will definitely hit 100k for sure.
member
Activity: 182
Merit: 47
November 22, 2024, 11:26:54 AM
The idea that the earth is flat is simply a provably false notion, as the earth is in fact not flat. An example of a conspiracy theory is the Illuminati Conspiracy, which states that the world is secretly control of a cabal of jews.
Not entirely sure what "Illuminati" is, but the world is indeed controlled by a few families.


Huh. Interesting. So the Jews wanted Biden in 2020 and now they wanted Trump again? Why is that?

Also, why did they kill the Lightning Port on the iPhone? I really liked that interface.

Is there any way to contact these people so I can talk to them?


Look, do you actually know where this antisemitism comes from?

Starting in the middle ages, the Christian religion considered money lending sinful. However, in order to operate an advanced economy, banking is a critical component. Hence banks had to be handled by somebody and those of the jewish faith did not have the religion objections that Christians did.

Hence jews were overrepresented in the banking trade, and then the stereotypes gradually hardened over the years.

Banking is always going to be a fraught profession, politically-speaking, since whenever people have money problems, the first entity they blame is the bankers. Somebody loses their house because they couldn't make the payments because they lost their job? They blame the bank, and not, say, the reason they lost their job. In difficult economic times, banks are the entities in our system that deliver the bad news.

Hence, since jews carried this stereotype being associated with banking, whenever there was widespread economic strife in a country, people blamed bankers, and, conveniently, populist politicians blamed "the jews".

But really all they doing was "shooting the messenger"--or in the case of Germany in the 1930s, they gassed the messengers by the millions.










legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 22, 2024, 10:51:35 AM
So... No bet.  Sad

The idea that the earth is flat is simply a provably false notion, as the earth is in fact not flat. An example of a conspiracy theory is the Illuminati Conspiracy, which states that the world is secretly control of a cabal of jews.
Not entirely sure what "Illuminati" is, but the world is indeed controlled by a few families. The term "control" might be open to interpretation, but if you examine history over the last few centuries, it becomes clear that certain families have amassed immense wealth, which was concealed throughout the years. These same families have been documented as playing key roles in financing conflicts between nations and consistently leveraging every resource at their disposal to maintain dominance over financial systems. In fact, if you look in the last few centuries, you will notice that the power to create money has alternated between being under state control and being privately held by those few families. (Currently, and since 1913, it is held by those families, who control the Fed. But, for example, in 1862-1865, under Lincoln, monetary control was exercised directly by the State.)

It's just amazing how those people have convinced the public that the US dollar is a "federal currency", while it is entirely privately owned, in the same way that Haypenny is privately owned. (With the exception that the US dollar has been passed from Congress as legal tender, of course.)
member
Activity: 182
Merit: 47
November 22, 2024, 10:22:59 AM
As soon as Trump figures out he can make a lot more money if they do this with his coin instead they will switch.
Do what? Hold the national reserves in Trump coin?
Absolutely.
That's the most ridiculous conspiracy theory I've ever heard, even worse than the flat earth. Cheesy Grin

A conspiracy theory is something that explains, usually without evidence, something that already happened.

The idea that the earth is flat is simply a provably false notion, as the earth is in fact not flat. An example of a conspiracy theory is the Illuminati Conspiracy, which states that the world is secretly control of a cabal of jews.

That Trump may select his own coin (instead of, or along side of Bitcoin) to be purchased by US taxpayers in order to make the price go up is a prediction.

The evidence I have to support this prediction is:

  • Trump's long history of self-dealing
  • The fact that he is now in the crypto business and has his own coin
  • The fact that his doing so could make himself and his family billions if not trillions of dollars.
  • The fact that his voters--and thus his party--would not care if he did this, and would instead grow to love this idea since it further glorifies Trump.

Obviously we're all just predicting the future here, and anything can happen--I think there's about a 90% chance there there will be no purchases of any coin at all since it's so obviously a taxpayer giveaway, even by Republican standards--but I think my prediction is supported by the facts.

sr. member
Activity: 1666
Merit: 310
November 22, 2024, 08:31:11 AM
As soon as Trump figures out he can make a lot more money if they do this with his coin instead they will switch.
Do what? Hold the national reserves in Trump coin?
Absolutely.
That's the most ridiculous conspiracy theory I've ever heard, even worse than the flat earth. Cheesy Grin
sr. member
Activity: 490
Merit: 325
November 22, 2024, 07:54:22 AM
And I have written many times that Trump could be arrested or impeached after the inauguration. I still hope for such an outcome. I don’t like this man. He thinks too much of himself. I want to believe that Biden’s team has such a plan for implementation. Why did I decide this? It’s enough to look at the current president’s expression and how he calmly hands over power. Something is clearly wrong here.

Impeach Trump on what ground actually? Did he made dollar to fall or was it the first president to make dollar loss it's value today? Did he made Americans be in the inflation they are today? There isn't that is going to happen, he was sue many times even before the election and heaven did not fall, he was shot and they miss, any impeachment after the election is going to only slow down the work he want to do for the Americans.

There is nothing that is going to happen in the US that any president ever likes in the history of America has not done before but in my opinion, Trump will make America great again. Even if it's at the detrimental price of Bitcoin, he is going to do it. This is why the way everyone is fomo into the market right now, I'm kind of afraid of for some people, trading and buying Bitcoin at $100k is insane and too risky but I guess people will do what they want to do regardless of your opinion.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 22, 2024, 03:08:13 AM
Absolutely.
Would you be willing to take a bet with me and put your money where your mouth is?
member
Activity: 182
Merit: 47
November 22, 2024, 02:56:41 AM
As soon as Trump figures out he can make a lot more money if they do this with his coin instead they will switch.
Do what? Hold the national reserves in Trump coin?

Absolutely.

legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 22, 2024, 02:52:16 AM
As soon as Trump figures out he can make a lot more money if they do this with his coin instead they will switch.
Do what? Hold the national reserves in Trump coin?
hero member
Activity: 1176
Merit: 578
November 22, 2024, 02:51:38 AM
Are you sure about it?

Also what about the allegations, I'm not sure about their sensitivity but according to a few journalists whom i follow they've covered a few things about Trump in short I'm not sure about internal matters but mostly people are talking about that president can be arrested in power for the first time.

I know this has nothing to do with the market but still don't be in a hurry. I'm looking forward for what is going too happen on 25th of November and it will affect the market.
And I have written many times that Trump could be arrested or impeached after the inauguration. I still hope for such an outcome. I don’t like this man. He thinks too much of himself. I want to believe that Biden’s team has such a plan for implementation. Why did I decide this? It’s enough to look at the current president’s expression and how he calmly hands over power. Something is clearly wrong here.
member
Activity: 182
Merit: 47
November 22, 2024, 12:47:31 AM
My thought process was correct. They're trying to convert their gold stash into bitcoin: https://x.com/APompliano/status/1859619609143361710.

She says that they can buy 200,000 BTC by converting their gold to bitcoin. However, I don't understand the numbers. Their total amount of gold reserved in the US is 8133.46 tones, according to tradingeconomics.com. This is about $628 billion in gold. That's more than 6 million bitcoin, at the current exchange rate. What do I miss?

I guess they're only converting their gold certificates from the Federal Reserve? (Which as I shared in a previous post, it is a little more than $11 billion.)

As soon as Trump figures out he can make a lot more money if they do this with his coin instead they will switch.

Live by the sword, die by the sword...

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