NASA might go rogue and take them for themselves. Not over their specialty helmet visors! Imagine if NASA did an oceans 11…..
this post was submitted on 25 Mar 2025
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This reality is so fucking stupid. Let's sell something of value to buy something that is only valuable if someone really wants it bad enough.
To be fair, gold is the same. It's just more well established since it's been around much longer.
Not defending this shit, just pointing out that gold is also only worth what people are willing to pay for it. That's kind of how all markets work.
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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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Donald the felon trump, doing his best to rape every single American he can.
Curiously, thanks to Trump Gold has been breaking record after record on the upside since January - you see, Gold is the ultimate "oh, shit" form of wealth storage because it's its own "currency" (so if traditional currencies lose value gold just goes up in those currencies) so people flock to it in situations of high Economic uncertainty, and Economic uncertainty is the only achievement of Trump's Administration.
It's probably another pump and dump.
The looting of US treasure begins.
Dumb dumb dumb dumb
Well there it is. For anyone who believed that they were simply going to create a reserve to store already existing cryptocurrencies - that were confiscated by the federal agencies - and not spend federal dollars to bolster or hype up cryptocurrencies that are connected to the people in the administration, y'all are idiots.
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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.
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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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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Make sure to tell a magat how much you hate them today for bringing this fucking bullshit upon us
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?
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!"
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.
Make America Great Depression Again
nah, they're just bringing back the roaring 20s!
It’s about at this point where I stop being snarky and stare in fascination
I had a hard time putting my reaction into words... thank you.
Now my heart is doubtful. The world changes, and all that once was strong now proves unsure. How shall any tower withstand such numbers and such reckless hate?
Mr. Art of the deal-do is robbing you blind. No matter how this ends, he and felon will have stashed piles of you cash
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So... I'm guessing the plebs get the cryptocurrencies. Which are backed by stablecoins... which are backed by tech grifters saying "I can cover it bro, trust me".
Meanwhile the elites will take all that worthless gold and dispose of it for us.
Bitcoin is backed by the price of coal.
For all intents and purposes, bitcoin is effectively minted coal.
Bitcoin doesn't relate to coal that's still unburnt. It's more a certificate confirming a quantum of environmental destruction.
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What a great fucking idea. Let's take a physical limited resource mineral and trade it for an untraceable and unregulated made up currency.
Holy shit I'm gonna have a stroke.
If your problem with Bitcoin is that it's a made up currency then I have vers bad news about gold for you.
And all other currencies.
That plan is ludicrous for a lot of reasons but you chose to mention the only two that are not it
Bitcoin absolutely is traceable. Addresses might not be clear names, but all transactions are public. Which makes me wonder why the government wants to use Bitcoin.
Because the crypto currency industry spent an absolutely ungodly amount of money helping Trump get elected.
The government buying and holding Bitcoin pumps up the price of Bitcoin. This is just the other side of the quid pro quo. They got him elected, now he has to make them richer.
That's correct. Bitcoin is pseudonymous, not anonymous. If you can find the identity of a party to any bitcoin transaction, you then can know about every transaction they ever made with that ID.
Which makes me wonder why the government wants to use Bitcoin.
Because Trump is a fucking imbecile, but thinks there's an opportunity for a scam.
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If you want to reward your high profile friends so they can cash out with tangible assets before the whole currency or economy crashes, this is how you would do things.
Step 1: Put everything in crypto
Step 2: Economy crashes, society no longer has power or running water.
Step 3: Try to sell crypto but for some reason computer won't turn on.
Step 4: the rich that bought the gold uses it to privatize all water and power to get it working again, now becomes even more rich.
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So couple things:
- Bitcoin (and other cryptocurrencies) are certainly not untraceable. Public ledger means that all the transactions are publicly visible - if you can associate a wallet to a person or organization then you know where the money went, and there are businesses that specifically do that kind of research. Every single transaction ever is part of the blockchain record. Cryptocurrency is a terrible way to make a clandestine purchase.
- All currencies are made up (I know, real imfourteenandthisisdeep energy, but still technicallythetruth).
*Edit - A silly caveat to this is that if the US government starts regularly transacting in Bitcoin, it would be very easy to audit... using blockchain means there's a built-in transaction record... anybody with a little bit of experience in reading the ledger could just track everything.
Other than that you're absolutely right.
- Cryptocurrencies are still largely unregulated, and the crypto market has attracted exactly the kind of people you would expect to be most interested in unregulated financial transactions - scammers, thieves, con men, ransomware gangs, money launderers, and anyone who wants buy or sell CSAM, narcotics, weapons, DDOS-as-a-Service, and North Korea's government funding crew. The crypto market is absolutely chock-full of criminal activity, so it's entirely reasonable to assume that anyone who wants to participate in that market wants to participate in the crime.
- As you said, trading physical gold for digital currency is a stupid idea. It's also uneccessary, because the FBI is already sitting on a collection of cryptocurrencies that have been confiscated through criminal investigations, including large amounts of Bitcoin. It is technically illegal right now for the US government to do anything with that, but that could be changed with a law. There's nowhere else for that cryptocurrency to go anyway.
It seems likely to me that a play to distribute gold from the reserve is about having an excuse to open it and take gold out, and disappear some of it in the process. It's a cover for a plan to rob the US.
~~Ocean’s~~Gulf of America's Eleven
untraceable
Literally every transaction is stored in a public ledger that anyone can read. That's not exactly untraceable. Eventually someone will convert the Bitcoin to regular currency, which then links the transaction chain to the real world. Transactions can be clustered based on accounts at exchanges, and often patterns emerge once you do this. This is how some ransomware groups are uncovered.
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Simon Gruber wishes he had this much gold.