Investing Thread (Stocks, Crypto, Real Estate, Whatever)

[C-Mag]

https://www.zerohedge.com/economics/wat ... te-economy

Here is comes - do what we say or you won't be allows to get paid or spend money.

For fuck sake - how can anyone at the top think this is a good idea.

I'm sorry, Carl, but it looks like you exceeded your government authorized limit on booze and hookers for the year - we're restricting your FedCoin Account...

At least they don't know about my moonshine still and supply of dead hookers in the crawlspace

A buddy of mine that is a banker discussed this Saturday sitting in a boat on a mountain lake and drinking beer. The current debt to GDP is around 150%, banker says, 'It's illegal for me to underwrite a loan greater than 34% Debt to Income.'

Little home town banker guy would be in the Federal Pen for the shit the Feds do.

[The Conservative]

https://www.zerohedge.com/economics/wat ... te-economy

Here is comes - do what we say or you won't be allows to get paid or spend money.

For fuck sake - how can anyone at the top think this is a good idea.

I'm sorry, Carl, but it looks like you exceeded your government authorized limit on booze and hookers for the year - we're restricting your FedCoin Account...

Don't play their game in this case, play the game...

Use the currency, deposit it into a bank account as USD, remove it via cash, then go to your bank and deposit the cash. They can't trace without a warrant.

There's going to be no cash - FedCoin is Uncle Sam's proposed crypto.

You need to be able to cash out crypto at some time if you want to use it, unless the designate the crypto as replacing the dollar, I don't think so.

[DBTrek]

Fedcoin would replace the dollar.

You could still buy silver rounds with it tho, and trade those in person with anyone else who accepts them as currency.

[The Conservative]

Fedcoin would replace the dollar.

You could still buy silver rounds with it tho, and trade those in person with anyone else who accepts them as currency.

It won't fly, Wasn't it in the constitution that the government not get into money-making or something of the sort?

[Zlaxer]

Fedcoin would replace the dollar.

You could still buy silver rounds with it tho, and trade those in person with anyone else who accepts them as currency.

If the Government lets you buy silver rounds with FedCoin. That's unlikely to happen...They may make it so average prole DB can only exchange FedCoin with other sovereign cryptos controlled by governments who don't let proles exchange crypto for rounds. Sure there's ways around it, buy tp and then exchange, but that is a huge underground economy - I'm sure the penalties for doin go so will be severe.

Still just shocked at how fast the walls are closing in....

[DBTrek]

Fedcoin would replace the dollar.

You could still buy silver rounds with it tho, and trade those in person with anyone else who accepts them as currency.

It won't fly, Wasn't it in the constitution that the government not get into money-making or something of the sort?

Yes.
And I'm not sure how they would circumvent that.
But they seem to have circumvented "not being able to print money" pretty well by having the money printers buy government bonds. So I'm sure they'll find a workaround if they're motivated to do so.

[Martin Hash]

Where’s it say the government can’t print money?

[The Conservative]

Where’s it say the government can’t print money?

Aren't crypto technically bills of credit?

[Martin Hash]

Where’s it say the government can’t print money?

Aren't crypto technically bills of credit?

I’m still not following?

[Zlaxer]

Where’s it say the government can’t print money?

Aren't crypto technically bills of credit?

I’m still not following?

TC thinks he can use the Constitution provides for argument. It's moot.