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Drudge Retort: The Other Side of the News
Sunday, March 09, 2025

The paper value of the coins owned by Mr Trump himself has also fallen by $50bn. While Mr Trump's own losses have not been crystallised, investors are on the hook after spending heavily to back the Trump coin in the run-up to his inauguration, partly as a show of support but also as a gamble that the token would rise in value.

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Hello? Is anyone else awake in America? Now this con man wants to create a "crypto reserve which would basically guarantee the vale of selected brands of counterfeit money. How can a "fake commodity" have a guaranteed value when it can be created with a few clicks on a computer? Yes Federal Reserve Notes are created much the same way but that is, at least, controlled by bankers whose own holding would be diminished in value by the uncontrolled printing of more dollars; which is exactly what happens when trillions of dollars in tax cuts are passed. The federal government's bills don't magickly disappear. The Federal Reserve just prints more money but, when they do, every dollar loses value. That's a problem but compared to the federal government getting involved with crypto currency it is miniscule. Trump/Musk's scheme to create a "crypto reserve" is a set up to totally undermine the U.S. economy probably planned by Vladimir Putin and our media is failing its responsibilities to warn the nation!

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Giggles and Snorts. This serves them right. NO sympathy.

#1 | Posted by LauraMohr at 2025-03-08 07:37 AM | Reply | Newsworthy 3

The US dollar is backed by the full faith and credit of the United States.
Trump's set on destroying that.
if he's successful then they'll be little difference between the US dollar and this garbage.
The only thing stopping him - well slowing him down - are the courts. At least they are telling him to pay money that is due.

If he decides to no longer pay our debts, the US dollar will become completely worthless.
Crypto might start looking like a viable option at that point - like
North Korea.

#2 | Posted by YAV at 2025-03-08 08:03 AM | Reply

As has been said countless times: MAGA is too stupid to have money.

#3 | Posted by Zed at 2025-03-08 08:26 AM | Reply | Newsworthy 3

This would be a great time to have US taxpayers become responsible for Bitcoin losses!

Which is the Plan.

#4 | Posted by Corky at 2025-03-08 10:18 AM | Reply

The odds of making money was probably better with one of those Nigerian princes and their email offers of getting rich than it was buying Trump's meme coin.

OCU

#5 | Posted by OCUser at 2025-03-10 01:20 AM | Reply | Funny: 1

You're a f'n idiot if you think Trumps crypt offerings are legit. It is the same scam that Javier Milei is running in Argentina.

#6 | Posted by johnny_hotsauce at 2025-03-10 01:43 AM | Reply

Womp womp. Wha? Too soon?

#7 | Posted by dutch46 at 2025-03-10 03:06 AM | Reply

"Argentina's President Milei faces impeachment calls after promoting cryptocurrency"

"Argentine President Javier Milei is facing calls for impeachment after promoting a little-known cryptocurrency, whose price soared then collapsed after his endorsement, leading to losses for thousands of investors.

The news has caused a major scandal in Argentina, with the opposition accusing Milei of promoting a scam, an allegation that the presidency has denied.

It started with a tweet posted by the president to his X account, which has more than 3.8 million followers. "This private project will be dedicated to encouraging the growth of the Argentine economy," he wrote, with a link to the $LIBRA cryptocurrency project.
The presidency on Saturday announced an investigation into the matter, saying: "President Javier Milei has decided to immediately involve the Anti-Corruption Office to determine whether there was improper conduct on the part of any member of the national government, including the president himself.""

www.cnn.com

#8 | Posted by danni at 2025-03-10 08:45 AM | Reply

I just wish our currebt President was as reansparent as Argentina's...but I won't hold my breath.

#9 | Posted by danni at 2025-03-10 08:47 AM | Reply

Meanwhile:
-$Melania is at $0.71--like the woman, pretty cheap
-TSLA is at $227.71, off 43.6% YTD

Someone's getting it in backside, and it isn't the First "Lady"...

#10 | Posted by catdog at 2025-03-10 01:24 PM | Reply

Since the election:

- Dow Jones down
- S&P 500 down
- Bitcoin down
- $Trump coin down
- $Melania coin down

#11 | Posted by Derek_Wildstar at 2025-03-10 02:46 PM | Reply

Thoughts and prayers!

#12 | Posted by e1g1 at 2025-03-10 08:25 PM | Reply

Point and laugh at the magat scum

#13 | Posted by truthhurts at 2025-03-10 08:27 PM | Reply

I mean, these are the same people who bought fake Trump "gold" coins because they thought that they could buy them for $59.99 and then cash them in at any Bank of America for $100K apiece...

#14 | Posted by jpw at 2025-03-11 09:21 AM | Reply

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