this post was submitted on 02 Mar 2025
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[–] PhilipTheBucket@ponder.cat 111 points 21 hours ago (1 children)

This is, I think, an important mechanism for someone to loot the US treasury.

Plenty of other people will be able to loot it also. It might not even be intentional on Trump's part. But it's a standard pattern: A massive transfer of capital into some dubious venture, followed by a mysterious implosion of the value of the dubious venture, leaving the people who were paid mountains of capital in exchange for the dubious venture-stuff smiling broadly at the mysterious outcome, saying "Them's the breaks. Risky investment and all."

Crypto has the added benefit of being a lot less traceable and somewhat less undo-able after the fact.

[–] ShadowRam@fedia.io 21 points 20 hours ago (1 children)

Between this and Stargate.

People are going to lose everything...

[–] HK65@sopuli.xyz 5 points 17 hours ago (1 children)

I wonder where capitalism will go after other people's money runs out though.

[–] orrk@lemmy.world 3 points 12 hours ago (1 children)
[–] HK65@sopuli.xyz 5 points 10 hours ago

More like fascism, Russian style. Though feudalism is also possible with a strong church