- Aug 8, 2016
- 26,037
- 25,043
- 2,445
He was on Fox Business the other day talking about competing currencies.
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” he said on Twitter in July 2019. “We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”
This coming from someone who was just recorded as the highest spending president in American history.
He spent an entire four years devaluing it even further than it already was. Americans have almost no purchasing power at this point.
Well. I donlt kow whether to call his statement lunacy or just plain intellectual dishonesty. I'll only say that to be 'money' there must be a store of value. Though there is much to say about it beyond just that.
The Federal Reserve Note is equally as volatile. Unless anyone can fill us all in on what the unit of account is for $1.
Of course they'e all Keynesian. For the most part.
When they say 'strong wha tthey mean is that the dolar is a really neat play toy for them to rob the middle class while they get rich off the scam.
Americans enjoy about two to three cents on the dollar worth of purchasing power. Think about that. Think about that beyond blue helmets and red helmets. Because the policy never changes regardless of which Keynesian is kicking the can down the road.
Video of the discussion...
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” he said on Twitter in July 2019. “We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”
This coming from someone who was just recorded as the highest spending president in American history.
He spent an entire four years devaluing it even further than it already was. Americans have almost no purchasing power at this point.
Well. I donlt kow whether to call his statement lunacy or just plain intellectual dishonesty. I'll only say that to be 'money' there must be a store of value. Though there is much to say about it beyond just that.
The Federal Reserve Note is equally as volatile. Unless anyone can fill us all in on what the unit of account is for $1.
Of course they'e all Keynesian. For the most part.
When they say 'strong wha tthey mean is that the dolar is a really neat play toy for them to rob the middle class while they get rich off the scam.
Americans enjoy about two to three cents on the dollar worth of purchasing power. Think about that. Think about that beyond blue helmets and red helmets. Because the policy never changes regardless of which Keynesian is kicking the can down the road.
Video of the discussion...
