Duke of Marmalade
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This is unmitigated nonsense. The total US stockmarket is 55 trillion so Bobby sees Bitcoin being worth 100s of trillions of US dollars. This is on a par with his madness on health. Trump 2 is a mad house.RFK jnr said:“I intend as President of the United States to sign an Executive Order on day 1… to transfer approximately 200,000 Bitcoin held by the US Government to the US Treasury where it will be held as a strategic asset. …. On day one as President, I will sign another Executive Order directing the US Treasury to purchase 550 Bitcoin daily until the US has a reserve of at least four million Bitcoin. … our nation holds approximately 19% of global gold reserves; this policy will give us around the same proportion of total Bitcoin. The cascading impact of these actions will eventually move Bitcoin to a valuation of hundreds of trillion of dollars. On day one as President, I will sign also an Executive Order directing the IRS to issue public guidance that all transactions between BTC and the USD are unreportable transactions, and by extension untaxable. … Bitcoin is a technology for freedom, for optimism, for independence, for democracy, for transparency, it is the currency of hope, it is the perfect currency.”
I agree, but there's a lot of voters who have skin in the game who might have found Trump's favourable position on crypto as a big boost. However bad for the country and the world this might be.This is Bobby Kennedy jnr on bitcoin, when he was a potential presidential candidate.
This is unmitigated nonsense. The total US stockmarket is 55 trillion so Bobby sees Bitcoin being worth 100s of trillions of US dollars. This is on a par with his madness on health. Trump 2 is a mad house.
Wild thought but RFK Jr was for years HUGELY effective in going after corporates breaching environmental regulations. I think Trump putting him in health avoids him being put in a dept where he actually would have made a difference - the EPA. It suits big business, as RFK will just talk total nonsense in Health.All the better to bring about the end of days.
And he is a self made man too.
I hope he just talks nonsense and we don't get repeats of his anti vaccine stance which has cost lives.Wild thought but RFK Jr was for years HUGELY effective in going after corporates breaching environmental regulations. I think Trump putting him in health avoids him being put in a dept where he actually would have made a difference - the EPA. It suits big business, as RFK will just talk total nonsense in Health.
We'll certainly lose some of the easy money, but it is very hard to service French, German, Italian customers in their own languague from Boise Idaho,We are in for some difficult times over the next few years. The US Multinational gravy train may, at the very least, lose a few carriages. We'll see what Trump aims at Canada and Mexico. After that we'll probably be next.
I agree that it would be aa disaster for the US as well as us but I think that the presumption of logic in such political decision making would be a mistake. This is an administration build on ideology with a mission to save Western civilisation.We'll certainly lose some of the easy money, but it is very hard to service French, German, Italian customers in their own languague from Boise Idaho,
Counter point of that is if a lot of those companies did take their business back to the US, would a lot of our immigrants leave as a result and what would that mean for housing? Speaking as someone who works for a US firm, I'd say less then half of our Irish team are Irish born.
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