▲ 436 ▼ ‘This Is an Enormous Heist’: Chris Hayes Sounds the Alarm on Republican Bill That Would Transfer $100 Billion to Bitcoin Owners (www.mediaite.com) submitted 2 years ago by todd_bonzalez@lemm.ee to c/politics@lemmy.world 54 comments fedilink hide all child comments
[–] nickwitha_k@lemmy.sdf.org 80 points 2 years ago (1 child) They got away with stealing half a trillion four years ago. Not a surprise. permalink fedilink source hideshow 2 child comments replies: [–] NoneOfUrBusiness@fedia.io 11 points 2 years ago (2 children) Wait half a trillion? When did that happen? permalink fedilink source parent hideshow 4 child comments replies: [–] aesthelete@lemmy.world 54 points 2 years ago* (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] technocrit@lemmy.dbzer0.com 9 points 2 years ago* 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. permalink fedilink source parent [–] nickwitha_k@lemmy.sdf.org 10 points 2 years ago During the COVID "response". About half a trillion went out with oversight sabotaged, while the federal government engaged in literal acts of piracy to enrich the Trump family. All with no consequences. permalink fedilink source parent
[–] NoneOfUrBusiness@fedia.io 11 points 2 years ago (2 children) Wait half a trillion? When did that happen? permalink fedilink source parent hideshow 4 child comments replies: [–] aesthelete@lemmy.world 54 points 2 years ago* (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] technocrit@lemmy.dbzer0.com 9 points 2 years ago* 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. permalink fedilink source parent [–] nickwitha_k@lemmy.sdf.org 10 points 2 years ago During the COVID "response". About half a trillion went out with oversight sabotaged, while the federal government engaged in literal acts of piracy to enrich the Trump family. All with no consequences. permalink fedilink source parent
[–] aesthelete@lemmy.world 54 points 2 years ago* (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] technocrit@lemmy.dbzer0.com 9 points 2 years ago* 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. permalink fedilink source parent
[–] technocrit@lemmy.dbzer0.com 9 points 2 years ago* 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. permalink fedilink source parent
[–] nickwitha_k@lemmy.sdf.org 10 points 2 years ago During the COVID "response". About half a trillion went out with oversight sabotaged, while the federal government engaged in literal acts of piracy to enrich the Trump family. All with no consequences. permalink fedilink source parent