General Discussion

bucolic_frolic

(48,207 posts) Wed Jan 8, 2025, 02:35 PM Jan 8

There's so much money in the world, plus Crypto

Just had the thought Trump is the front man for billionaire oligarch private equity, and they are trying to buy countries to essentially take them private. There was a time when kings owned everything. Lords and vassals paid their taxes to the king, a percent of the value of land or crops. How is this any different? They're stealing everything, cutting their own taxes, trying to buy whole countries, speculating in crypto. Soon we'll be back to life as it was in 1215 when some noblemen dictated an agreement to the king for rights enshrined in Magna Carta.

6 replies

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There's so much money in the world, plus Crypto (Original Post) bucolic_frolic Jan 8 OP

The psychopath fascist leaders and billionaires think EVERYTHING belongs to them. Irish_Dem Jan 8 #1

There's so much money because it gets created by debt. Intractable Jan 8 #2

Crypto is debt? What part of debt do you assign to social programs as opposed to the military as bucolic_frolic Jan 8 #3

And much of that real money is created by debt. Intractable Jan 8 #4

And Board members, as in Tesla question everything Jan 8 #5

They want their stupid fake money to replace real currency. Initech Jan 8 #6

Irish_Dem

(62,086 posts)

1. The psychopath fascist leaders and billionaires think EVERYTHING belongs to them.

Reply to bucolic_frolic (Original post)

Wed Jan 8, 2025, 02:42 PM

Jan 8

Everything. And they want it all NOW.

Intractable

(779 posts)

2. There's so much money because it gets created by debt.

Reply to bucolic_frolic (Original post)

Wed Jan 8, 2025, 03:06 PM

Jan 8

It's created when "they" need it, and they try to deprive it to the rest of us -- so it seems, anyway.

Is the US national debt real money? Or is it more a concept that provides power to those that spend the money and wealth to those who hold the debt?

bucolic_frolic

(48,207 posts)

3. Crypto is debt? What part of debt do you assign to social programs as opposed to the military as

Reply to Intractable (Reply #2)

Wed Jan 8, 2025, 03:12 PM

Jan 8

opposed to Republican Congressional investigations that lead nowhere? Costs real money to open Congress and pay staff for these sham probes and posturing.

Intractable

(779 posts)

4. And much of that real money is created by debt.

Reply to bucolic_frolic (Reply #3)

Wed Jan 8, 2025, 03:42 PM

Jan 8

>>> What part of debt do you assign to social programs ...?

This is the purview of those who spend the money.

Our money is backed by the "full faith and credit" of the United States. The value is what we say it is.

question everything

(49,419 posts)

5. And Board members, as in Tesla

Reply to bucolic_frolic (Original post)

Wed Jan 8, 2025, 03:46 PM

Jan 8

See

https://www.democraticunderground.com/100219885124

Initech

(103,087 posts)

6. They want their stupid fake money to replace real currency.

Reply to bucolic_frolic (Original post)

Wed Jan 8, 2025, 03:47 PM

Jan 8

Real money is taxed and regulated. Crypto isn't, and it can generate vast wealth for those who know how to use it, or it can be easily lost or stolen.

The oligarchs know this, and they want their fake crypto to replace real money and those peaky regulations, so they can make trillions and leave us in the dust.

Oh and just like the California Gold Rush, the people who are really getting rich off crypto currency are the people selling the mining equipment, like NVIDIA's Jensen Huang.

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