The fact is that FTX got the vast majority of money from the feds in the form of laundered foreign aid in the amount of about 90 billion, half of which isn't even in the books but, shows up in their total transactions.
There is no effective debt ceiling, and we have never had a really real government shutdown. They only shut down things that make us notice it, such as blocking roads to national forests, etc. It would be nice if we would really have one sometime.
It's hilarious/interesting that anyone thinks "shutting down the government" means closing access to national forests. How exactly is that supposed to help anything?
The fact is that FTX got the vast majority of money from the feds in the form of laundered foreign aid in the amount of about 90 billion, half of which isn't even in the books but, shows up in their total transactions.
fiat is the ultimate shitcoin, but there are plenty of others.
Shitcoin, I can't find it LOL, maybe I need another bitcoun app to go with my other three
1% of holders own 30%
Isn't it closer to 85-90% ?
Zero Hedge has a great piece on it. https://www.zerohedge.com/political/worse-enron-new-ftx-ceo-slams-unprecedented-failure-corporate-controls
The USD doesn't have an unlimited supply cap, that's why we literally have gov shutdowns every 6 years or so.
It's supply cap is unlimited as long as they keep raising the debt ceiling.
There is no effective debt ceiling, and we have never had a really real government shutdown. They only shut down things that make us notice it, such as blocking roads to national forests, etc. It would be nice if we would really have one sometime.
So "literally" is literally wrong.
It's hilarious/interesting that anyone thinks "shutting down the government" means closing access to national forests. How exactly is that supposed to help anything?
I know, but that's what Obama did a few years ago. They also put barricades blocking access to the Vietnam wall in DC.
I can't disagree.