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So, it seems like the plan is to let crypt-bros cash out their holdings at the expense of the US Treasury, then when the fed support ends, the price will crash,
by Finnucane 2y ago
So, it seems like the plan is to let crypt-bros cash out their holdings at the expense of the US Treasury, then when the fed support ends, the price will crash, leaving the Fed holding worthless assets.
- EA-3167 2y agoWe were the bag holders all along, who knew?
- latchkey 2y agoIsn't the US Treasury is already doing a good enough job of sending $USD to zero? https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL
- cm2187 2y agoAnd given recent announements I suspect this is David Sacks idea. Sacks has been consistently equating any perceived conflict of interest with evidence of corruption. In this case he wants US citizens to pay taxes to push up the price of his crypto holdings? How is it not total corruption? How is that going to benefit the average american?