Trump’s whacked out trade war is threatening to severely reduce trade with the US, and maybe even throw us into a deep recession (aka, depression). At the same time, this freaking EO says the US is going to buy up a lot of cryptocurrency.
Cryptocurrency is borderless. You can send it from here to another person in another country in minutes or hours. The US buying it up legitimizes it.
I am trying to figure out the logic in this. It seems to be a contradiction. You finally have some free trade in money, but proceed to destroy free trade in goods. What’s going on???
I think they’re trying to break things fast enough so that when the downturn arrives, there won’t be money to repair it. The cryptocurrency reserve will take more money out of circulation creating an even tighter money situation. Since they will be buying now at the local high, it will drive the price higher eating more of the budget and if the govt sells, the price falls as “the whale” unloads. But some crypto BRO made money from Uncle Sam’s purchase.
