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Economy

rampartd

(3,591 posts)

1. the "bitcoin reserve" will become worthless as soon as trump pays his buddies trillions for their digital nothingness

Reply to Passages (Original post)

Tue Dec 9, 2025, 07:40 AM

Dec 9

maybe the greatest scam since the mississippi company.

John Law (pronounced [lɑs] in French in the traditional approximation of Laws, the colloquial Scottish form of the name;[1][2] 21 April 1671 – 21 March 1729) was a Scottish-French[3] economist and financier. He rose to power in France where he created a novel financial scheme for French public finances known as Law's System (French: le système de Law) with two institutions at its core, John Law's Bank and John Law's Company (also known as the Mississippi company), ending in the devastating boom and bust "Mississippi Bubble" of 1720.

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Highlight:

Economic Policy/ Pick Your Financial Crash [View all] Passages Dec 9 OP

the "bitcoin reserve" will become worthless as soon as trump pays his buddies trillions for their digital nothingness rampartd Dec 9 #1

Yes, a scam we were warned about. Passages Dec 9 #2

Add to this lack of transparency and corruption, markodochartaigh Dec 9 #3

Yes and the frustrating aspect is that this could be avoided. Passages Dec 9 #4

I would say that "could have been avoided" markodochartaigh Dec 9 #5

I agree! Passages Dec 9 #6