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The Trump admin told us they were looking to acquire Bitcoin with a "budget neutral" strategy. Well, they may have just found one: Engineer a short squeeze on gold, revalue the gold holdings at the peak, and buy BTC. 70% of the world's gold is refined in Switzerland. So what happens when you slap Swiss exports with 39% tariffs, including the gold bars that New York-based Comex accepts for deliveries? Suddenly the gold shorters in the United States have a much harder time sourcing gold to cover their positions. Which means they need to buy existing spot or futures, driving the price higher. An aggressive short squeeze could force gold towards $6,000 an ounce. Which would allow the US to revalue its holdings to ~$1.5 Trillion, which would then be deposited into the US Treasury's account. What could they buy with that $1.5 Trillion? A ton of Bitcoin. Are the strange 39% tariffs on Switzerland (nearly the highest in the world) a tactic to force a gold short squeeze so they can revalue their holdings and acquire a dominant BTC position? Let's see 🍿 image

Replies (36)

This theory is truly interesting and clever; using heavy tariffs on Swiss exports to create a short squeeze on gold and increase the value of reserves seems like an innovative idea. If this happens, it could enable the US to revalue its gold holdings and generate substantial capital to purchase Bitcoin. On the other hand, executing such a complex and risky strategy could have widespread consequences in global markets and diplomatic relations. Additionally, the impact of these tariffs on Switzerland’s economy and the gold market should be carefully examined.
Strangely, they don't really need to sell them. They have various tricks involving the gold (certificates) that they hold. They'll revalue the certificates, currently at $42 per ounce (seriously) to a large current value. Then they'll say "look at this massive profit we've earned overnight" and the beancounters will allow them to spend the profit It's bizarre, and I don't actually think they'll do it. But it's an idea that has been discussed for a while
Because Bitcoin is a Ponzi scheme that will hit a brick wall soon and will totally destroy most folks' wealth and they will laugh all the way to the bank with the gold you sell for fake value. Bitcoin is not private, and is accepted by the most evil people now...the very reason the whole crypto thing was started, to end the fed. So if you want Privacy where it is the only crypto that can't be hacked by the NSA, then consider the Monero way....totally private AND morally right. They have a big nerdy programmer following that fixes things FAST because they are on a mission. Etherium has no real programmer support, just a copy and pasted java script that is hackable. I am amazed that so few consider the building blocks and the moral of a coin...just the advertising and promotion levels. Research the reasons for Monero and you will find that it can be very cheep to move around or HODL if you believe in something.
If you were serious about monero tech yourself, you would be in the eigenwallet devs matrix group.. So you would have noticed that I too joined two days ago and am testing their tech with interest. And no, monero is not completely untraceable.
Make no mistake, we were fucked either way, but at least democracy wouldn’t be under threat by an authoritarian who also just happens to be a convicted felon. His rhetoric is under the guise of “Making America Great Again”, but he had no problem taking advantage of the very things he is now vilifying. He doesn’t give a shit about America, he only cares about his legacy, he does nothing that he also doesn’t benefit from. He continues to profit off of the presidency all the while patting himself on the back for not taking a salary. This would be important if he wasn’t already rich or actually needed the money. Seriously, what does he have to pay for? Rent- nope, utilities - nope, transportation - nope, groceries - nope. Giving up $200,000 is nothing when you’ve already made damn near that off of your bullshit NFT’s. I’m just glad the rest of the world can see him for what he really is, an egotistical fascist who silences any dissent by having them fired, calling them names or both and praises his sycophants. I don’t want to bunch them all together, as there are some smart republicans, but MAGA doesn’t have a brain cell between the lot of them. Every conversation ends the same, some kind of silly meme followed by rhetoric about being a democrat, which I am not. Our constitution is under threat every day he is in office and I fear where we’ll be in another 3 1/2 years. Stay tuned because if you don’t think he’s not going to try and stay for a third term, you’re only fooling yourself, the groundwork is being laid as we speak.
Well, although I am coming around to the general idea of term limits, I do feel they should apply to ALL members of the three branches of Government. I don't have a problem with him having a third term at this moment although he isn't as young as he used to be. The limit was only put in after the war because four consecutive terms was a bit much... The rest of the world is following the matter with some interest, it is just nice to have someone at the top who is actually doing something. Biden eating ice-cream and falling off bikes wasn't a good look for America! And speaking of things that didn't look good, taking an expired misdeed about some misfiled paperwork, slicing and dicing it into 31 federal offences and then charging him with all of them, this looked extremely dodgy and not to the high standards that the world expects of the legal system. Maybe he is the most evil person on the planet but due process is still owed in all cases. I think the American Constitution will survive regardless, he does have a lot of capable people working under him and if he ends up cleaning up some of the festering mess that has evolved over the last hundred years or so then everyone will be happy!