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Rhiannon12866

(233,036 posts) Fri Mar 7, 2025, 02:35 AM Mar 7

'Old-fashioned, simple scam': Trump hypes 'strategic crypto reserve' - Rachel Maddow - MSNBC

Rachel Maddow explains how the hype around cryptocurrencies is similar to the Beanie Baby frenzy of the 1990s, and points out why Donald Trump would be personally interested in making a fuss over a "crypto Fort Knox." - Aired on 03/06/2025.

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'Old-fashioned, simple scam': Trump hypes 'strategic crypto reserve' - Rachel Maddow - MSNBC (Original Post) Rhiannon12866 Mar 7 OP

That's probably why he's so hyped up about the gold in Fort Knox Uncle Joe Mar 7 #1

Aren't there some kind of rules about who has access to Fort Knox gold?? Rhiannon12866 Mar 7 #2

... Uncle Joe Mar 7 #3

... Rhiannon12866 Mar 7 #4

Do you know the only President to visit Fort Knox was FDR while it was being built. William769 Mar 7 #9

This is why he has to raise so much money by shutting down the government MadameButterfly Mar 7 #5

From what we've seen so far, following a "billionaire" whose gone bankrupt 6 times, I'd guess that they are both. Rhiannon12866 Mar 7 #6

Good point MadameButterfly Mar 7 #7

& 3 failed casinos! William769 Mar 7 #11

I thought it was more than 3 but MadameButterfly Mar 7 #13

K&R! William769 Mar 7 #8

Thanks, my friend! Rhiannon12866 Mar 7 #10

Anytime, anytime. William769 Mar 7 #12

Uncle Joe

(61,508 posts)

1. That's probably why he's so hyped up about the gold in Fort Knox

Reply to Rhiannon12866 (Original post)

Fri Mar 7, 2025, 02:42 AM

Mar 7

Thanks for the thread Rhiannon

Rhiannon12866

(233,036 posts)

2. Aren't there some kind of rules about who has access to Fort Knox gold??

Reply to Uncle Joe (Reply #1)

Fri Mar 7, 2025, 02:47 AM

Mar 7

I sure wouldn't trust either of these scammers within a mile of the place...

Uncle Joe

(61,508 posts)

3. ...

Reply to Rhiannon12866 (Reply #2)

Fri Mar 7, 2025, 02:50 AM

Mar 7

Rhiannon12866

(233,036 posts)

4. ...

Reply to Uncle Joe (Reply #3)

Fri Mar 7, 2025, 02:51 AM

Mar 7

William769

(58,802 posts)

9. Do you know the only President to visit Fort Knox was FDR while it was being built.

Reply to Rhiannon12866 (Reply #2)

Fri Mar 7, 2025, 05:10 AM

Mar 7

Now there's some history for you.

MadameButterfly

(2,895 posts)

5. This is why he has to raise so much money by shutting down the government

Reply to Uncle Joe (Reply #1)

Fri Mar 7, 2025, 03:03 AM

Mar 7

He's going to hype the price up before he buys it. Because that's how his friends get richer. it is guaranteed to lose money after the reserve is established because there won't ever be a bigger buyer than the government so everyone will cash in.

Everyone knows this, right? Even the people who are for it. They just want the money and to hell with the deficit.
I'm aware of the cowboy culture who think crypto is cool and anti-establishment. Are they changing their tune, instead of loving it because it's anti-establishment, now they think they have won because it's establishment now?
And do they think making it establishment will make it keep going up?

They know it won't, right? The perrenial question with Trumpers: Are they greedy or are they just dumb?