They’re purchasing crypto for the national reserve. They’re likely doing it now, with all the money they pull, like a kid who goes to Vegas with the company’s deposit. The tariffs are price manipulations of dollar and btc.

They’ll reinstate some programs, under their oversight, once they purchase enough for strategic reserve. Will happen before midterms.

But the real point is the inflation of btc, which will replace dollar globally. And they’re doing it with US taxpayer money.

I wish I had paid more attention to crypto. But if they need our money to facilitate the conversion, they why should we give it to them?

I don’t quite understand syntax in that last question..

Crypto is a speculative scam, it’s a pyramid scheme. The backing is USD. You could say USD is speculative, as it’s off gold standard, but it’s got a mostly humanitarian government (and military) behind it. If the crypto guys can eclipse the global gold market cap, they think, Bitcoin can ascend as global currency.

The issue there is the holders. Putin. Musk. Zuckerberg. Bad guys with no mandate for humane approach.

Maybe I misunderstood, I guess. If they are purchasing crypto using the dollars currently in the treasury, my premise is stop adding dollars to the treasury. If they're doing it with taxpayer money, shouldn't we (taxpayers) stop giving them our money?

They are tearing everything down so they can add back in tiny increments to appease the public so they can be "heroes". I don't want it to get that far.

the fed govt issues USD into being whenever it spends.

Neither fed taxes nor loans are used for fed spending.

Fed taxes are used to manage inflation (among other uses).

The US is a sovereign currency issuer. It can never run out of USD.

The US deficit is not repayable (the figure, a bookkeeping entry)

The "govt creates new money... when it undertakes expenditure, rather than spending being financed by taxation from, or debt.." (UK, but similarly US)

https://www.ucl.ac.uk/bartlett/public-purpose/publications/2022/may/self-financing-state-institutional-analysis

Some refs:

Prof Stephanie Kelton:
https://alpha-week.com/realvision/stephanie-kelton-mmt-and-deficit-myth

https://findingmoneyfilm.com/

https://www.ted.com/speakers/stephanie_kelton

https://www.abc.net.au/listen/programs/bigideas/stephanie-kelton-modern-monetary-theory-the-deficit-myth-mmt/103551422