BREAKING: President Trump officially announces a "Crypto Strategic Reserve" and says he will "make sure the US is the Crypto Capital of the World." https://t.co/thJcfQ3kU7 pic.twitter.com/5boMpkE8ZC
— The Kobeissi Letter (@KobeissiLetter) March 2, 2025
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So a giant pile of worthless 1s and 0s…got it. How about making the US DOLLAR SOUND AGAIN?
Crypto is fiat currency. Some 99% of our national debt is electronic. Neither has any base of “Value”.
How Crypto is going to change anything as long as we keep spending more than we produce is bogus.
Praying this isn’t a E-Dollar replacing cash. That would be the nail of doom for our remaining liberties.
This is a big misstep by Trump. Crypto is a delusion – a popular one to be sure – but still a fiction with no actual value or backing, save that dreamt into existence by those “holding” it. This solves nothing, and just creates another layer of fakery upon our money, which has already been debased to practically the point of worthlessness.
Well now…this is almost as encouraging as custom made AI STARGATE JABS…said the snark…
You can’t have a “reserve” of something that isn’t real, can be created or disappeared at will with the push of a key on a computer and which has ZERO actual value.