Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Avoid long drawn out arguments. This should be a place to relax, not to waste your time needlessly.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Please do not spam at the top level. If you have a lot to post each day, try and post them all together in one top level comment
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Try keep things light. If you are bringing in deep stuff, try not to go overboard.
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Things that are clearly on-topic for this board should be posted as a separate post and not here (except if you are new and still getting the feel of this place)
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If you find people violating these rules, deport them rather than start a argument here.
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Feel free to give feedback as these rules are expected to keep evolving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
Rules For the rest of the Site also accessible on the sidebar.
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The following is my personal conspiracy theory....
Scott Bessent just confirmed it. Executive order in process. Every bank customer in America proves citizenship or loses their account. Passport or birth certificate. REAL ID doesn't cut it. New customers and existing ones. All of them.
Tom Cotton's legislation makes it a federal crime for non-citizens to hold a US bank account.
Thirty to forty million people get cut off overnight. No checking. No savings. No Venmo, no Zelle, no direct deposit. Nothing.
Where do they go? Not cash. Cash gets you robbed. Not Western Union. Western Union leaves a trail and takes a cut. There is exactly one electronic payment system that requires no bank account, no citizenship, no permission from anyone. Bitcoin. You buy it with cash at an ATM. You send it anywhere in the world in minutes. The family on the other end converts it to local currency. That is it. That is the only move left.
Now do the math. Forty million people here need Bitcoin. Forty million people back home need wallets to receive it. Eighty million new users. Nineteen million Bitcoin in circulation. You already know what happens to the price.
Here is what nobody is saying. Trump announced a US strategic Bitcoin reserve. Trump announced America will dominate Bitcoin mining. The US is already positioned. Then comes an order that forces eighty million people onto the one asset the US controls.
And while that is happening the banks get destroyed. They absorb billions in compliance costs. They get drafted as immigration cops which poisons every customer relationship they have. And the population they lost does not come back. It moves permanently onto a system the banks cannot touch. These are the same banks that crashed the economy in 2008, took the bailout, paid the bonuses, and watched zero executives go to prison.
One order. Immigrants out. Banks gutted. Bitcoin flooded. US sitting on the reserve.
Hodl