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Of crypto and crackpot ideas: How to 'save' the US Dollar

submitted by prototype to whatever 5 monthsDec 22, 2024 22:33:47 ago (+2/-3)     (whatever)

To save the US dollar:

The u.s. government should issue T-Bonds and T-Bills, like helicopter money, to
the public.

Call these 'warbonds', but basically force the american public to buy them.
Because the american public isn't buying them directly or paying immediately,
it will be perceived and accepted as free money.

Later, everything is assessed a war tax, taking a percentage of its value.
The only way to avoid this tax? Sell the item. In exchange they get a lighter
tax rate on the item in question. Make it doubly so for leased items.
Stipulate this is done in the war bonds though, effectively converting
them to a currency.

To facilitate this, create a cryptocurrency.

Against this create NFT-backed derivatives (so new derivatives cant
be created on the back of these).

This will be massively unpopular, but because the red bolsheviks
currently have a groundswell of support and goodwill to burn,
and because trump can't be selected again, the red bolsheviks
are gonna get smashed in the midterms and next presidential
cycle anyway, turning congress and the senate a bluer shade
of purple while the presidency reverts to a george bush
style red.

Meanwhile impose tariffs, which WOULD drive up the cost of goods,
except for the fact that the inflation that normally follows
from money printing will be hidden by (and within) the new twin crypto systems.
And because the velocity of money will now be increased, people
will be as eager to buy as they will be to sell, so the speculative
bubble will create, not a new wealth bubble, but a rush for
new wealth.

Sounds like fucking communism in otherwords. Which the retarded public
will gobble up wrapped in a 'newtech' fervor of patriotism-colored
bullshit before they recognize not the fact that they're gonna get
fucked in the long term (they'll recognize that immediately), but
just how hard they're gonna get fucked.

Finally the stronger apparent dollar will help offset the trickle-down
inflation of more tariffs.

I have no idea if this will actually work, someone with a better understanding
of bonds, derivatives, and financial markets will have to look at
it and assess whether this is kind of retarded or megaretarded,
but its the best trump-flavored shit we can throw at the wall if
the regime wants to double-down and lean into further robbery
in order to maximize the remaining drain-circling and kick
the can the last tiny distance before it falls off the cliff.



7 comments block

Do you have any favorite works written by Andrew Jackson or written about him?