Chris Hayes broke down a plan by Republican legislators to transfer billions of dollars of taxpayer money to owners of Bitcoin in exchange for their holdings.
COVID was the most transparent upwards transfer of wealth I’ve ever seen in my lifetime.
Nobody noticed it at all, but it happened.
To get us out of the COVID market crash (which should’ve been allowed to happen in a “free market”) we got a Fed that was actively buying financial products to keep the market from imploding.
Yeah, they do this regularly (see also 2008 for example). The devaluation/inflation of currency is a crucial tool for transferring wealth from the poor to the rich. That’s one of the fundamental reasons why crypto was developed.
COVID was the most transparent upwards transfer of wealth I’ve ever seen in my lifetime.
Nobody noticed it at all, but it happened.
To get us out of the COVID market crash (which should’ve been allowed to happen in a “free market”) we got a Fed that was actively buying financial products to keep the market from imploding.
Yeah, they do this regularly (see also 2008 for example). The devaluation/inflation of currency is a crucial tool for transferring wealth from the poor to the rich. That’s one of the fundamental reasons why crypto was developed.