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Message
Trump: Maybe we'll pay off our 35T dollar debt by handing them a little crypto check
Posted on 8/5/26 at 1:10 pm
Posted on 8/5/26 at 1:10 pm
This was in 2024...could he do it?
Loading Twitter/X Embed...
If tweet fails to load, click here. https://finance.yahoo.com/news/trump-proposes-bitcoin-solution-35-061830288.htmlPosted on 8/5/26 at 1:13 pm to Ailsa
Does it sound believable? Nope. More Trump bluster? Yup
Posted on 8/5/26 at 1:14 pm to Ailsa
If he can beat Iran 7 times in 1 year… then of course he can
Posted on 8/5/26 at 1:15 pm to Ailsa
Current M2 money supply in the US economy is about $20 trillion.
Add $2 trillion to that in one year (Covid) and you saw what happened.
Now add $35 trillion in one day and tell me what you think will happen
Add $2 trillion to that in one year (Covid) and you saw what happened.
Now add $35 trillion in one day and tell me what you think will happen
Posted on 8/5/26 at 1:16 pm to Sp0728
quote:
If he can beat Iran 7 times in 1 year… then of course he can
Posted on 8/5/26 at 1:20 pm to Ailsa
And maybe leprechauns will fork over their pots of gold to pay it off in exchange for a suite in Trump Gaza.
Posted on 8/5/26 at 1:27 pm to Ailsa
Anyone that doesn’t take Bitcoin seriously at this point is in denial.
It’s the first new asset class since equities in the 1600s and institutions/sovereign wealth funds have stopped asking if they should allocate and started asking how much they should allocate.
Should you mortgage the house on it? No.
Should you continue to laugh at it and insist that it’s a scam that will go away? Also no.
It’s the first new asset class since equities in the 1600s and institutions/sovereign wealth funds have stopped asking if they should allocate and started asking how much they should allocate.
Should you mortgage the house on it? No.
Should you continue to laugh at it and insist that it’s a scam that will go away? Also no.
Posted on 8/5/26 at 1:28 pm to Ailsa
Please just balance the budget.
This post was edited on 8/5/26 at 2:30 pm
Posted on 8/5/26 at 1:40 pm to ShrimperDan
quote:
Please just balance the budget
This, we have not had a budget in over 20 years, just constant continuations, then negotiate giving 100s of billions to the other side to stop the govt from being shut down, then 100s of billions to stop gop, and on and on it goes, absolutely fcking nonsense.
By the way the "they" he is talking about are mostly US citizens, through their retirement, 401Ks, etc invested in treasuries through their mutual funds.
Posted on 8/5/26 at 1:51 pm to ShrimperDan
quote:
Please just balance the budget
Of all the things that will never happen. And to be fair to Trump, he has 1 hundo inherited a complete mess.
Posted on 8/5/26 at 1:57 pm to Cockopotamus
quote:
It’s the first new asset class since equities in the 1600s
The first since tulips?
Posted on 8/5/26 at 2:00 pm to Red Eagle
Red Eagle
Member since Aug 2026
8 posts
wtf is up with all you jagoff alters flooding this board lately?
do all you clowns post on DU and reddit and try to sign up in waves to hit this board?
you are fooling nobody.
bye bye alter
Member since Aug 2026
8 posts
wtf is up with all you jagoff alters flooding this board lately?
do all you clowns post on DU and reddit and try to sign up in waves to hit this board?
you are fooling nobody.
bye bye alter
Posted on 8/5/26 at 2:21 pm to Sp0728
quote:
If he can beat Iran 7 times in 1 year… then of course he can
This post was edited on 8/5/26 at 2:22 pm
Posted on 8/5/26 at 2:35 pm to Sp0728
quote:
If he can beat Iran 7 times in 1 year… then of course he can
Hell yeah. Beat them 6 times after their military was already destroyed. So I believe him.
Posted on 8/5/26 at 2:41 pm to No Colors
quote:
Now add $35 trillion in one day and tell me what you think will happen
How is transferring existing bitcoin wealth to the treasury going to cause the effect of $35 trillion dollars to be printed in a single day?
If the US paid off it's debt with existing gold, would that cause $35 trillion to be "printed" in one day?
If transferring existing wealth to the treasury has the same effect as printing money, then why do we not see a sharp increase in inflation every April?
If the people who held our debt accepted bitcoin as payment, would that still add $35 trillion to the money supply?
I like this line of thinking, though. "We have to pay off the debt! But not too fast!" With no room for error, it really gives you more opportunities to complain.
Posted on 8/5/26 at 2:45 pm to Ailsa
quote:
Ailsa
You are baiting our clowns into whining about this, aren't you? I see you caught a few.
Posted on 8/5/26 at 2:47 pm to Ailsa
this is plausible, all that has to happen is the US has to own every bitcoin in existence and it has to go up about 30 times it's current value
Posted on 8/5/26 at 2:51 pm to Ailsa
Is this AI!? It’s nonsense.
We are the United States and have the strongest currency on the planet. Trump needs to support that with words and actions
Giving credibility to bitcoin or other currency undermines our currency. Undermining our currencyi, as president, is treasonous.
We are the United States and have the strongest currency on the planet. Trump needs to support that with words and actions
Giving credibility to bitcoin or other currency undermines our currency. Undermining our currencyi, as president, is treasonous.
Posted on 8/5/26 at 4:46 pm to keks tadpole
quote:
The first since tulips?
Tulips were never an asset class.
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