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$Bitcoin (BTC.CC)$ if you listen to chairman Mao yesterday d...
$Bitcoin (BTC.CC)$ if you listen to chairman Mao yesterday during his carefully crafted speech to destroy close to 2 trillion dollars in equity yesterday.
he was asked if the government should own Bitcoin
his responses were not permitted to and he says but that's up to Congress to decide if the Federal reserve can hold Bitcoin
last time I checked the Federal reserve is not part of the federal government it's no more Federal than Federal express is.
so maybe he should learn to ask the question and not throw in a derogatory negative response to sync another asset because at the end of the day virtually every economist that left that room and heard him speak said his answers were extremely ambiguous vague and left a great deal of uncertainty
and this is by design because he wants to destroy the market to hand Trump a shitshow just like the budget that the Democrats are trying to slam through in the 11th hour just like what Biden signed that permits 46,000 federal workers the ability to stay at home and not come to work
just like the billion dollars that was spent in Africa bye Biden last week everything they're doing is to blow the deficit up and make it as difficult if not impossible for Trump to show any cost cutting savings so that in 3 years they can come back and say these were his promises and he failed.
and Powell, he's not non-partisan. yet again his actions show where his allegiance lies to and it's not to the benefit of the country and it certainly in hell is not to the middle class or people that have money invested in the stock market
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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TheOracleOfBroMaha : Thank God for stop limits all I can say for that lube job they gave us yesterday. Like anything else I’m just gonna pick up the pieces and buy where I hope the bottom is.
The Fed will be the first to tell us the aren’t a part of the Government….!
I don’t like losing money- BUT I’m ok with it, if it’s because of my stupidity… If it’s because of someone else’s stupidity,… that pisses me off
Ginvest : GOD bless America, please punish these politicians for what they did to this country.
TheOracleOfBroMaha : BTW the Fed has no say in our Strategic Oil Reserve… ijs
CJem : You took words right out of my mouth! It's a WAR between We The People who have selected Trump to wipe off the swamp vs. the swamp whose financial mouth piece is Powell and his bankers. The swamp has retaliated and I for one pray that the resolve of both Trump and We The People is strong enough to triumph this time around. Because if we don't, losing some money will be the last of our concerns!
10baggerbamm OP CJem : well I'm glad I'm not the only person that sees it that way
CJem : It makes sense. The enemy is evil but not stupid. It will retaliate, I would too if I were in their shoes. Bitcoin is the lightening rod of this battle. All freedom loving people MUST support it even if they don't yet participate in it. It's a economical litmus test to clearly show where the person's allegiance lies - freedom or despotism.
10baggerbamm OP CJem : well said much better than I could have done