So next time we have a financial crisis like back in 2008, where liquidity all but dried up and the economy practically came to a screeching halt, the Fed shouldn't do anything? Government should just stand on the sideline and watch the entire economy fall into depression, eh? Your reply: Nah, who cares if hundreds, if not thousands, of these banks go under. And who cares if millions of people lose their jobs. Let them suffer. They deserve it. There will be food banks and bread pantries to help them out.
No, we KEEP having these financial crises because of the FED bailouts... Socialism for the Private Banks and Theft against the private American citizen... Follow the Constitution... Follow The Law... I don't believe in allowing RAPE to happen tp anyone as it is unconstitutional same as RAPE of the taxpayer with FED lies, bailouts. We have only had a FED since 1913. USA dollar lost over 90% of its value since then.. FED is hardly beneficial for USA citizen. Bailouts are illegal. Don't support Rape.
First of all, let me be clear that I too am against government bailouts. That said, as a trader of the market, I also know how dangerous greed and fear can be, especially fear. There's no better example of fear than a bear market with its violent selloff. I don't know if you were trading in 2008, but it was a scary time with the S&P gyrating more than 5% a day. This is a clear manifestation of what raw human emotion would look like if left unchecked. Only reason we don't see such a drastic behavior in society is because we have checks and balances in place through laws that govern our behavior. Unless there's a solution for future crises, simply removing the Federal Reserve is not the answer IMO. And personally I don't think there is an answer unless you first get rid of excess greed and speculation on Wall Street, which is what always fucks us up in the end. But I doubt that will ever happen with all their political ties.
Pretty much what Trudeau does in his woke-broke Canada. We don't even criminalize crack anymore. The liberal government uses Tax-Payer's money to purchase hard drugs like cocaine and heroin, and we give it out to everyone on the street. (not even joking) Libs tell us that this way no one will over-dose if they get the drugs (free) that are tested to be pure, and (in theory) should cut down crime since crackheads won't have to keep robbing to buy their shit. It's done the exact opposite here, but no cure for stupid. This is all paid for by YOUR taxes by the way. Never thought I'd see such a bat-shit crazy government in the west. But that's wokenomics for you...
First, campaign pledges are just that, nothing but lip service. More importantly, do you actually believe everything that comes out of Trump's mouth? The guy will practically say anything if he can get your vote. As for Ulbrecht's pardon, I have nothing against the dude, but if Trump does indeed let him walk free, that will set a bad precedence for all the other dark web pimps and hustlers IMO.
I am confused with every bitcoin maxi trying to defend Ulbrecht here. He used to hire for murder on his own platform. He even was given (bogus) pictures of a murdered body by someone he hired to kill. Unbeknownst to him, he was communicating with a government agent at the time. This is the person who would easily kill you and everyone else defending him for... reasons. How does letting him go free of charges make any sense? Because it turned out the murders were fake, suddenly he's all innocent and all is forgiven? Seriously? Someone tell me where I've gone woke.
I don't know, we'll just have to wait and see when Trump gets elected. He's done most of the things he says in the past. And I think that guy who ran the dark market has learned his lesson and is a changed man now, ready to go back into society.... Lets pray he doesn't do it again...
Plus I see no connection between Bitcoin and Ulbrecht's Silk Road. Selling illegal wares is not freedom of "decentralization". That notion completely escaped Ulbrecht and he's rightly paying the price. So I can only say WTF? Are Bitcoiners now MAGA numbnuts? Why are they cheering for his release?