this post was submitted on 25 Mar 2025
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[–] NotMyOldRedditName@lemmy.world 14 points 5 days ago* (last edited 5 days ago) (9 children)

So personally, I think the government should have some, but I don't specifically think selling gold for it is the right idea.

Everyone seems to be on about how this is just about cashing out his buddies, but what I'm worried about is these dumbfucks won't know how to properly secure it or won't properly secure it and itll get easily stolen, or they'll outright steal it themselves.

Like they just used signal to talk about bombing Yemen and included a journalist on it...

So while I think it's not a bad idea to have some, it's fucking terrifying that Trump is doing this and can influence it.

[–] michaelmrose@lemmy.world 6 points 5 days ago (2 children)
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[–] PetteriPano@lemmy.world 13 points 6 days ago* (last edited 5 days ago) (5 children)

Trump has already made it clear that he's a Russian asset. The only question that remains is if he doing their bidding knowingly.

How would he go about transferring wealth to Putin & pals? He can't do business with them, because sanctions.

Russia already owns 12% of the world's crypto.

Trump can inflate their value by pulling shit like this.

Russia: profit.

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[–] FragrantGarden@lemmy.today 12 points 5 days ago

Gotta give Russia the liquidity to exit its BTC positions if the war and sanctions will soon be over.

[–] Tempus_Fugit@midwest.social 10 points 6 days ago (1 children)

I hate that they even say this shit... Like I get this is just a blitz of information in the attempt to overwhelm us, but goddamn is it manufacturing anxiety. Wasn't it investing 101 that uncertainty is bad?

[–] A_norny_mousse@feddit.org 9 points 6 days ago* (last edited 6 days ago) (1 children)

I hate that they even say this shit.

Me too. It's overwhhelming on the face of it, but now with the added bonus that they are provenly quite capable and willing to put such brainfarts into action.

Sometimes I think: "don't fall for it, the outrage is the point!" but then I think: "that just makes it easier for them to get away with it!"

[–] Tempus_Fugit@midwest.social 5 points 6 days ago* (last edited 6 days ago)

I figured the owner class/military industrial complex pulling the levers would be most pissed about all of this and attempt something, but the market isn't super crazy and the only resistance is leftwing grassroots, which isn't neo-lib.

[–] 52fighters@lemmy.sdf.org 10 points 5 days ago (1 children)
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[–] M0oP0o@mander.xyz 10 points 4 days ago

Just when you think the clown car is full, that there is no way they will get another clown in there, clown world manages to cram another in.

Again.

[–] SoftestSapphic@lemmy.world 8 points 5 days ago

The One Piece is real

[–] sommerset@thelemmy.club 8 points 5 days ago (6 children)

The correct thing to do is ban all the digital coins.

All they used for is tax avoidance. While raising electric bills

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[–] cheeseburger@lemmy.ca 8 points 6 days ago
[–] Pondis@lemmy.world 8 points 5 days ago (1 children)

I know this is old news, but how good would it be if they pissed a whole bunch of gold away on BitCoin and everyone dumped, tanking the price, and losing the US trillions of dollars.

I mean good from a theoretical way, it would be absolutely devastating for the state of the world.

[–] vrighter@discuss.tchncs.de 8 points 4 days ago (1 children)

they're going to buy bitcoin from russia, probably.

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[–] _cryptagion@lemmy.dbzer0.com 7 points 5 days ago

Sure, why not. I could use a laugh, and the memes when this fails too are going to be juicy.

[–] TommySoda@lemmy.world 7 points 6 days ago (3 children)

So then, hypothetically, if they do this and we get hit with an EMP or a huge solar flare we will literally have nothing? I know it's a little "tin foil hat" on my part, but I like to live by the rule of not putting all your eggs in one basket. I know this is an excuse for them to do a whole bunch of shady shit and destroy shit from the inside, but a random Internet stranger shouldn't have a better grasp of national security than the president. Like, if this doesn't set off red flags for you, you are either incredibly stupid or you think this will pay you out in some way. (Spoiler: it won't)

Even my 70 year old mom knows this is a stupid idea and she doesn't even know how to reset a router.

[–] derbolle@lemmy.world 10 points 6 days ago (1 children)

doesnt have to be an emp or solar flare. one malicious actor getting access to the wallets is all it takes and far more likely in my view

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[–] Daggity@lemm.ee 6 points 5 days ago (1 children)

Huh, right wing dipshits have been buying gold from hucksters for decades now. I'm assuming this sell off would devalue gold somewhat. It'll be weird seeing consequences of this if it happens.

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[–] Sibshops@lemm.ee 6 points 5 days ago

Let's just send the gold to North Korea and skip the middleman. /s

[–] sfu@lemm.ee 6 points 5 days ago (1 children)

The US has a bitcoin reserve? First I've heard of it. Whatever, but using gold to buy it makes no sense.

[–] Redditsux@lemmy.world 5 points 5 days ago (4 children)

They don't. It's being floated. Trump said he's going to create a reserve. Not an official act yet.

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