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Economy

Raven123

(6,867 posts)

8. I admit my ignorance

Reply to jmbar2 (Original post)

Mon Mar 3, 2025, 09:05 AM

Mar 2025

Someone more knowledgeable than me will have to explain the impact this will have on the dollar in my wallet and for the economy in general.

The value of gold v. the dollar are based on an agreement. Funny money makes no sense to me.

I do hope those who are smarter can make the basic kitchen table arguments for people like me.

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Highlight:

Trump/Musk want to "revalue" Ft. Knox gold to buy crypto for the "Sovereign Wealth Fund" [View all] jmbar2 Mar 2025 OP

I can't see any difference between crypto and tulip bulbs. multigraincracker Mar 2025 #1

It's worse than tulip bulbs. At least there WERE tulip bulbs jmbar2 Mar 2025 #5

This message was self-deleted by its author Person of Interest Mar 2025 #15

Tulip bulbs have REAL value!! Person of Interest Mar 2025 #16

As do Beanie Babies Seinan Sensei Mar 2025 #19

At least you can tip toe through them. Historic NY Mar 2025 #23

Dumbest idea yet C_U_L8R Mar 2025 #2

Or just plain theft johnnyfins Mar 2025 #17

Is there any part of the United States government and principles that Trump doesn't want to rape and leave dying? Walleye Mar 2025 #3

Keep your grubby hands off our nation's gold OrlandoDem2 Mar 2025 #4

Trump is only interested if there is a big personal benefit to him. Irish_Dem Mar 2025 #6

This is beyond Trump - he was just the keyholder jmbar2 Mar 2025 #7

Yes, but Trump only agreed to do it for a cut of profits. Irish_Dem Mar 2025 #9

Yup! Botany Mar 2025 #10

Trump knows exactly what he's doing...he was convicted of doing the same thing in NY but with real estate. CincyDem Mar 2025 #14

I had forgotten about that - exactly what he's doing. jmbar2 Mar 2025 #21

Yep - when ya do it with stocks (or crypto) it's called "pump & dump"...and Trump's plan is for us to get the dump part. CincyDem Mar 2025 #22

I admit my ignorance Raven123 Mar 2025 #8

Worse than Enron. Baitball Blogger Mar 2025 #11

Chris Hayes did a decent piece on this. Snarkoleptic Mar 2025 #12

Thanks - I missed that jmbar2 Mar 2025 #13

And some say Social Security dweller Mar 2025 #27

He fucks up everything; and he is an expert at it. twodogsbarking Mar 2025 #18

Where are our laws & those that enforce them??!!! NotHardly Mar 2025 #20

Tell him to buy Californium.... Historic NY Mar 2025 #24

Red states don't want crypto reserve. Their govs tried to get one of their own going and it's gone nowhere. . . . nt Bernardo de La Paz Mar 2025 #25

I KNEW THEY WENT THERE TO STEAL IT. That's precisely what they are doing. Nt CousinIT Mar 2025 #26