Now Krasnov is adding more risk to them. Imagine, allowing crypto.

Krasnov's economic plan is to weaken the dollar and strengthen crypto.

The super rich love economic disasters, they make money off them in a short period of time.

The stock market has become a joke, so overinflated that only the rich can afford to invest in stocks. I just saw where a big bank suggested that people invest 70% bonds - 30% stocks because stocks are so expensive, for the next decade.

Is going to become a thing of the past. These people are going to scrape every last penny out of the working class.

It is also excellent for laundering money as is real estate.

Last edited Fri Aug 8, 2025, 09:30 AM - Edit history (1)

someplace in the cyberspace. Crypto boys such as Peter Theil were big into putting Trump back into the
White House. His company Palantir was running a digital janitorial service that did not change or delete votes
but hid the evidence that it had happened and then the Republicans now can say Harris just wasn’t good enough to
get the votes when in reality those votes just disappeared. Trump is the crypto boys bitch. They own him and are
good with letting him grift and or steal billions as long as Trump and the Republicans make crypto “the coin of
the realm.”

Far too many make the assumption that things are safe. But somebody, somewhere always controls and somebody, somewhere is always hacking any system that is plugged into the interwebs. The alleged safety of crypto revolves around the depth of encryption. That is not the problem. The problem is transaction records and those who have crypto allowing unscrupulous people access via their access.

Nothing electronic is safe.

If you put your retirement in crypto, you’d better have a backup plan with money in real assets.

… Swiss Bank Accounts or parked in the Cayman Islands or into real estate or in diversified portfolios and not all
in their crypto crap you would be crazy. A very conservative man who has helped with our family’s banking for years
once told me that with crypto there is no there because what or who is backing it?

read recently that majority of the states are ignoring shithole and his EOs.

Not to say there is no mechanism at all but, with a supine congress and a captured/corrupted judiciary, here we are.

... in some cases.

They aren't approved laws. They are merely the executive branch telling the executive branch employees how the president wants them to do their job.

If pedo Trump declares no one can call him a pedo anymore and that he will arrest anyone who calls him a pedo, that is not a law. It would only apply to the executive branch. The rest of us can call him a pedo all we want.

Pedo Trump knows this, that's why he applies those things to folks in the executive branch only.

I'm sure the military is damaged by this. If he takes away early retirement from people he forces out of the military, who else is he going to take away retirement from? The combat disabled? The 20 year career retirees? The already retired? He has so many options to screw over military members.

The Air Force seems to be quick to implement the F*ck You EOs.

"guidance" from the President to the associated Executive Branch agencies, on how they are to *implement the law*.

THAT is the job of the Executive - to IMPLEMENT what the Legislative Branch has enacted, NOT make shit up that contravenes the law.

People will cry to the government.

They are set up in ways that will yield higher returns the old fashioned way, and have been for years. The Pensions that were set up, in addition to Social Security remain intact.

After the sale of our house in Rochester, my husband opened high yield CD accounts at the bank across the street from us that expired after 18+ months last month. I opted to close them and put that money into a High Yield savings account of a guaranteed 4% monthly with a one-time contribution of additional money. (That rate increases as well, never decreases.)

That is liquid cash should I ever need it. I see that as an inheritance for my children when the time comes. Along with the IRAs that my late husband set up that still yields an annuity each year when the minimum distribution is taken out each year for tax purposes.

NO crypto for me. I am not falling for any scams and the Financial Advisor I currently have opposes such scams as well.

NEXT UP: Then they open up the 401K to the riskiest nonsense imaginable. Then they privatize Social Security and fold it into the risky 401K systems. Next, being "in crypto" in your 401k or 403b plan won't be optional but part of the standard "package."

Never mind that every aspect of what they're removing from the system was meant to mitigate risk so that we don't have tens of millions of seniors with zero assets and no ability to work.

It's really shocking that many of the working class MAGAs aren't up in arms about these Finance Bro friendly policies. Why are these fucking clowns nostalgic for everything other than unions and pensions, which were really some of the only good things for workers of the post-war settlement. They're nostalgic for "trad wives" but not defined benefits plans? Morons.

by the likes of Scott Walker and the "Right to Work" nonsense that was designed to essentially eliminate unions. They are ingrained with the idea that union dues - which HELP to keep the organization alive to fight for workplace reforms and benefits - is a "waste".

millionaires...the lot of them

throw our retirement into the crypto scam. Is this what the pendejo naranja wants to replace Social Security?

Grifting is hereditary.

So they're just lending their "good name" for a percentage of the profits.
Until it all goes south, which it's sure to do in a couple of years. Then ... they never heard of it.

401(k) plans. Most plans have eliminated company stock funds and self directed brokerage accounts over the years because they were too risky of an investment and the fiduciaries were afraid of class action lawsuits. Adding crypto funds to a 401(k) would be insane!

your money for you. It's called discretionary investment authority. It's boiler plate language in every FA agreement.

Some financial advisors may consult with their clients before investing but they are not legally required to. And because the financial advisor has absolute authority over your money your financial advisor is never guilty of theft.

The SEC and FINRA may investigate some FA's who are accused of theft of corporate money, but not the middle class .

The only reason I got back the $2+M my FA stole from me was because he DIED! Gawd I love karma.