Trump to abolish fed

[Methyl m1ke]

Are the rumors true? If so the push to remove illegal migrants makes sense as they will starve. It sounds biblical "that no man may buy or sell" etc sooooooo overnight we dump 37 trillion in debt and become wealthy BUT is this not the mark of the beast? Is this bad or simply the next step of end times?

My sources say in the next year or two Trump will ditch paper currency for cloud stablecoin and tax it. All citizens will convert paper currency for asset backed digital currency. Effectively snubbing out the cartel, north korea, and anyone here without citizenship wont be able to survive.

Thats my understanding so far. Overnight a century of inflation is wiped out. Cars for $100, a week of groceries for $1 etc.

Of course it sounds hard to believe but....anyone care to offer an opinion?

[obsidian]

Are the rumors true? If so the push to remove illegal migrants makes sense as they will starve. It sounds biblical "that no man may buy or sell" etc sooooooo overnight we dump 37 trillion in debt and become wealthy BUT is this not the mark of the beast? Is this bad or simply the next step of end times?

My sources say in the next year or two Trump will ditch paper currency for cloud stablecoin and tax it. All citizens will convert paper currency for asset backed digital currency. Effectively snubbing out the cartel, north korea, and anyone here without citizenship wont be able to survive.

Thats my understanding so far. Overnight a century of inflation is wiped out. Cars for $100, a week of groceries for $1 etc.

Of course it sounds hard to believe but....anyone care to offer an opinion?

Big grain of salt. The U.S. can’t erase $37T overnight — that would tank its credit rating, crash the dollar, and blow up global trust. That’s collapse, not wealth — lol!

Stablecoin usage will increase, but it won’t reset prices to 1920s levels or make cars $100. And every new tech — credit cards, barcodes, chips — has been called the “mark of the beast.” None were. This rumor’s way more fantasy than fact.

[GymnJuice]

I think we will eventually become a cashless society. There are benefits to not having to carry cash but the government wants their own "stablecoin" so they can trace all the money and tax it.

[obsidian]

I think we will eventually become a cashless society. There are benefits to not having to carry cash but the government wants their own "stablecoin" so they can trace all the money and tax it.

There will be many stablecoin issuers operating across multiple blockchains — pretty much everywhere except Bitcoin, since it doesn’t support smart contracts natively. Ethereum leads by a wide margin in total stablecoin supply, followed by Tron. Binance’s BSC also hosts several billion dollars’ worth of stablecoins, while Solana is quickly gaining traction. Cardano, on the other hand, continues to lag behind.

https://defillama.com/stablecoins/chains

[NaturalWonder83]

Bring back Government Cheese. We have enough Government Cheese ready to rock in the Cheese Caves.

[Methyl m1ke]

Big grain of salt. The U.S. can’t erase $37T overnight — that would tank its credit rating, crash the dollar, and blow up global trust. That’s collapse, not wealth — lol!

Stablecoin usage will increase, but it won’t reset prices to 1920s levels or make cars $100. And every new tech — credit cards, barcodes, chips — has been called the “mark of the beast.” None were. This rumor’s way more fantasy than fact.

Thankyou for your input. Lets say hes real ambitious and really tries to get rid of the fed. Is this actually possible? Lets say he just fucking goes for it. Imagine all retailers overnight accept stablecoin and refuse fiat currency. And say the US stablecoin is backed by gold and silver. How does this play out?

[Kwon]

Could Trump abolish fedtanyl while at it as well?

[IroNat]

Pass the blunt...

[Grape Ape]

If it doesn't affect the Mr. Olympia placings, nobody should worry about this shit.

[Kwon]

If it doesn't affect the Mr. Olympia placings, nobody should worry about this shit.

[Rambone]

End the Fed

[Dave D]

Are the rumors true? If so the push to remove illegal migrants makes sense as they will starve. It sounds biblical "that no man may buy or sell" etc sooooooo overnight we dump 37 trillion in debt and become wealthy BUT is this not the mark of the beast? Is this bad or simply the next step of end times?

My sources say in the next year or two Trump will ditch paper currency for cloud stablecoin and tax it. All citizens will convert paper currency for asset backed digital currency. Effectively snubbing out the cartel, north korea, and anyone here without citizenship wont be able to survive.

Thats my understanding so far. Overnight a century of inflation is wiped out. Cars for $100, a week of groceries for $1 etc.

Of course it sounds hard to believe but....anyone care to offer an opinion?

Who are your sources?

It’s unlikely that the paper currency will be eliminated in 2 years but weirder things have happened.

[Grape Ape]

Who are your sources?

It’s unlikely that the paper currency will be eliminated in 2 years but weirder things have happened.

It won't be.

[joswift]

Who do all these countries owe all these trillions of dollars to?

[Irongrip400]

Who do all these countries owe all these trillions of dollars to?

Each other and the banking families. They make so much money off the interest payments alone. I have a buddy who has about 3 million loaned out on the “streets”. He was talking about it one time, that he’ll probably never have it all in his bank account because it’s always going back out once a loan is closed, but that’s what he does for a living. Multiply that by billions over 500 or so years and you see what kind of dollars we are talking about.

I know that last part spun off the rails a bit but you get the point.

[Humble Narcissist]

If it doesn't affect the Mr. Olympia placings, nobody should worry about this shit.

Olympia winners will be paid in Bitcoin.

[joswift]

Each other and the banking families. They make so much money off the interest payments alone. I have a buddy who has about 3 million loaned out on the “streets”. He was talking about it one time, that he’ll probably never have it all in his bank account because it’s always going back out once a loan is closed, but that’s what he does for a living. Multiply that by billions over 500 or so years and you see what kind of dollars we are talking about.

I know that last part spun off the rails a bit but you get the point.

but none of it really exists, its all based on a promise
Remember in 2015 when Greece said "fuck you we are not paying it back" a few years ago... there was fuck all anyone could do.

they are doing great again

[gib]

Can't "abolish the Fed". But what is more likely is that he wants to undermine or usurp the independence of the Fed. Either way, both Trump and Powell are puppets of Blackrock and the true powers that be in this world...

[GymnJuice]

Thankyou for your input. Lets say hes real ambitious and really tries to get rid of the fed. Is this actually possible? Lets say he just fucking goes for it. Imagine all retailers overnight accept stablecoin and refuse fiat currency. And say the US stablecoin is backed by gold and silver. How does this play out?

I think anything is possible, but I doubt he actually is able to eliminate the FED even if he wanted to.

I am not an expert in this at all, but I think a US stablecoin would be fiat. It would just be digital fiat.

A US stablecoin backed by gold would revert to the pre-1971 gold standard. I think that's what Ron Paul wanted. And there was less inflation with this because the government couldn't just print money.

I think widespread adoption of just straight vanilla bitcoin would be better than a "stablecoin" because it would avoid government manipulation. But I only have a very superficial understanding of all this.

[Methyl m1ke]

I think anything is possible, but I doubt he actually is able to eliminate the FED even if he wanted to.

I am not an expert in this at all, but I think a US stablecoin would be fiat. It would just be digital fiat.

A US stablecoin backed by gold would revert to the pre-1971 gold standard. I think that's what Ron Paul wanted. And there was less inflation with this because the government couldn't just print money.

I think widespread adoption of just straight vanilla bitcoin would be better than a "stablecoin" because it would avoid government manipulation. But I only have a very superficial understanding of all this.

What makes the fed so hard to eliminate? All they do is print money for profit

[Kwon]

[obsidian]

I think anything is possible, but I doubt he actually is able to eliminate the FED even if he wanted to.

I am not an expert in this at all, but I think a US stablecoin would be fiat. It would just be digital fiat.

A US stablecoin backed by gold would revert to the pre-1971 gold standard. I think that's what Ron Paul wanted. And there was less inflation with this because the government couldn't just print money.

I think widespread adoption of just straight vanilla bitcoin would be better than a "stablecoin" because it would avoid government manipulation. But I only have a very superficial understanding of all this.

There simply isn’t enough gold to provide the liquidity the global financial system needs. A gold-backed system would struggle to expand credit, keep up with economic growth, and remain stable.

Stablecoins, on the other hand, will exist across many blockchains. Most are currently on Ethereum and Tron, but over time they’ll scale across multiple networks.

Bitcoin’s development has largely ossified because its value has risen and many feel, “Why fix what isn’t broken?” But that also means it hasn’t scaled like Ethereum. You can’t issue stablecoins on Bitcoin, and it maxes out at around 6–7 transactions per second. Miner rewards halve roughly every four years, so unless BTC’s average price more than doubles to offset the reduced rewards and dollar devaluation, miners will gradually be squeezed. The plan is for transaction fees to cover the difference, but even after 16 years, fees still make up less than 1% of miner revenue. For me, this raises serious questions about Bitcoin’s long-term security model.

[chaos]

I think we will eventually become a cashless society. There are benefits to not having to carry cash but the government wants their own "stablecoin" so they can trace all the money and tax it.

What are those benefits?

[IroNat]

What are those benefits?

Room in your pockets for other stuff like gum.

[GymnJuice]

What are those benefits?

So I can be like this guy when I grow up