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Kid Berwyn

(19,000 posts)
22. GOP has the transfer of wealth down to a science
Wed Jan 29, 2025, 09:51 AM
Jan 29

In Trickle Down, the gangster at the top decides how much to sprinkle upon those below.

During the S&L crisis of the late 80s-early 90s, the crooks that stole about a trillion LARGELY got to keep their loot. The theft was largely legal ("I went bankrupt, yeah, that's the ticket!" ) and made possible by federal deregulation and the US Taxpayer now backing risky loans.

During the Banking crisis of 2008, the crooks that stole trillions not only got to keep it, they were paid bonuses. The theft was largely legal ("How were we supposd to know all them bums couldn't pay us back?" ) and made possible by federal deregulation and the US Taxpayer again backing risky loans.

Excellent analogy of the armored car backed up to the Treasury. Semion Mogilevich told the short-fingered Goldfinger the Treasury is where the real money is -- greenbacks backed by the US Taxpayer.

Recommendations

2 members have recommended this reply (displayed in chronological order):

A picture of the US Bitcoin Strategic Reserve is here: Tommy Carcetti Jan 29 #1
These too. milestogo Jan 29 #34
Lol Faux pas Jan 29 #35
NEXT: Trump wants U.S. to invest trillions in Florida timeshares dalton99a Jan 29 #2
Too bad the Ginsu Kives, and Parachute Luggage guys never made it to the White House, huh? Attilatheblond Jan 29 #8
If the U S. government starts buying, the price will skyrocket. John1956PA Jan 29 #3
Mutual funds are at least underpinned by actual businesses. Lonestarblue Jan 29 #17
more like investing in a ponzi scheme that has run out of new "investors." rampartd Jan 29 #20
An economist i read said its a zero-sum game, when bitcoin is bought, dollar value goes down lostnfound Jan 29 #25
He has no money for school lunches but gigabucks for crypto bros. . . . . nt Bernardo de La Paz Jan 29 #4
+1 dalton99a Jan 29 #6
A trillion-dollar pump-and-dump from the treasury into crypto bros offshore accounts PSPS Jan 29 #5
Crypto fluctuates along with gold, most of the time bucolic_frolic Jan 29 #7
Based on the stock market Blue Full Moon Jan 29 #12
"...with Bitcoin knowledge" sop Jan 29 #9
That didn't take long. Kid Berwyn Jan 29 #10
They used to at least distract us fighting over nickels for welfare underpants Jan 29 #14
GOP has the transfer of wealth down to a science Kid Berwyn Jan 29 #22
👍 underpants Jan 29 #33
He is desperately trying to impress Elon Walleye Jan 29 #11
He is hell bent on being the richest man in the world with his schemes and scams. Irish_Dem Jan 29 #13
Not popular around here hueymahl Jan 29 #15
Pfffft Prairie Gates Jan 29 #23
Lol hueymahl Jan 29 #29
FFS... IT'S A HEIST! FalloutShelter Jan 29 #16
I have an acquaintance who is very,very techy. Phoenix61 Jan 29 #18
Interesting video about crypto Blue Full Moon Jan 29 #19
Post removed Post removed Jan 29 #21
Dave Troy has been warning about this for ages. He has been warning that Trump et al plan to crash the economy... OneGrassRoot Jan 29 #24
And the bitcoin market shrugs. unblock Jan 29 #26
There has not been an announcement yet. hueymahl Jan 29 #30
Ah, I was going to say, this has been a known plan for a while... unblock Jan 29 #32
There are only about 1,000,000 bitcoins left to be mined VMA131Marine Jan 29 #27
Thank you. How is Bitcoin limited to 21 million? Who enforces this limit? surfered Jan 29 #36
The limit is in the Bitcoin mining process itself VMA131Marine Jan 29 #37
The end game? Blue Full Moon Jan 29 #28
Some employee will leave the Bitcoin keys on a web server where a hacker will steal them. Jacson6 Jan 29 #31
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