The world belongs to the top 1% and we just live in it... but the comment is wrong, the "plan" if it's true is to help all the high earners and corporations and investors and asset owners I don't know if you remember the previous plan to hire 87k IRS agents and give them guns, to go after the tax evaders, small businesses, lawyers, doctors, dentists, crypto owners, corporations, mom and pops, uber, door dash, plumbers, contractors, anyone doing venmo or zelle over $600 and if they resist, these IRS agents are armed, But, instead of hiring IRS agents, the current administration are firing them, making them even less powerful, for the next 4 years, unreported income from the side hustlers, doctors, dentists, small businesses, corporations, profitable elite traders, bitcoin and crypto investors will be spent on the economy and they are firing government workers, to "deregulate" remove stuff like ESG or DEI requirements, maybe, firing SEC staff, so corporations will be able to expand operations using tax incentives and hire more people, and drill drill drill, gotta lower energy costs, the main driver of inflation in commodities and food prices and consumer goods and services And they gotta fix the bond liquidity on the long end, they gotta print money like it's going out of style, otherwise, 10 yr yield high interest is causing big big problems in real estate pending home sales crashing, credit card debtors all time high level, auto loans all time high, personal loans all time high, household debts all time high and it's very good for bitcoin and other risk assets when they print a lot of money So it's not just the 1% that will benefits, it's all the investors, high earners, asset owners
It makes sense. With record and growing gap between the rich and poor, if all you do is give the poor more handouts, it will once again flow to the rich anyway. The only way to close the wealth gap is with asset price destruction. I've also been reading that for Trump right now, the bond market is most important, so everything else to be sacrificed. It kind of makes sense. If the bond market fails, the US cannot fund its debts, and its a total collapse. An asset collapse just makes people poor, but the system keep functioning.
I am not for or against bitcoin. Most people don't sit in cash, they own assets. How does bitcoin fix anything? If anything it hurts borrowers
Markets are going to crash one way or another. Problem is you don't want the blame to be on you (Trump). That's why the most convenient thing for him would be if China went after Taiwan. Then he could blame the stock market collapse on China.
See, that's the problem. You can't sit in cash because its always being debased. Why does the system work this way? Its because its designed from the ground up to steal from you. Bitcoin fixes everything because its the opposite of fiat.
Bitcoin headed much further down. Sell off is just beginning ...all-that news about a reserve was just hype. Bitcoin going below 50k. !!!