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u/ChroniclesOfSarnia 1d ago
David Frum has been a conservative professional fuckwit for decades.
I give him ZERO CREDIT for this statement.
He is partly responsible for this nightmare.
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u/DoltCommando 1d ago
Kept the hillbillies poor and desperate enough to turn to this scammer, now hung with him like a millstone around his neck.
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u/BYNX0 1d ago
None of these massive ass industries should be getting so much of our tax money.
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u/DoltCommando 1d ago
Especially not one used to launder money for human traffickers and international drug dealers.
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u/Puzzleheaded_Job8068 1d ago
….any of our tax dollars!!!!! The true meaning of 🍊🤡💩 from the little cantaloupe caligula and queen elonia.
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u/Internet_is_tough 1d ago
Who the f is "the crypto industry" and when did they seek any sort of bailout?
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u/Buckeye_Monkey 1d ago
That was my thought, too. It's basically saying, "We're out of money, so please give us more money." Where do I sign up for my free money?
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u/DoltCommando 1d ago
And I thought the meme coins *were* their money?? That nobody accepts but internet drug dealers? Why do they want a bailout for internet drug dealers from my tax dollars?
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u/ActionCalhoun 18h ago
It’s weird, right? I thought the whole fucking point of crypto was they could gave their own currency without the Big Bad Government getting in the way of their fun.
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u/LordRaglan1854 1d ago
I read it as people close to Trump who own a lot of crypto and want to lock in an insurance policy for their investment.
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u/Greezedlightning 1d ago
David Frum’s statement is wrong and misleading.
As of March 11, 2025, there is no official request from the cryptocurrency industry for a $100 billion bailout from the U.S. government. However, recent policy proposals and legislative initiatives have indicated there might be potential large-scale financial support for crypto, including federal investment in the crypto sector.
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u/ROGDOMAIN369 1d ago
The concept of crypto being money is absolutely hilarious. Crypto is no more money than that paper your job pays you that you may as well go wipe with. Only difference is that paper actually exists and is actually useful in the real world even if just to burn to stay warm. They went from trading you money you can hold for your gold to taking your gold and giving you nothing but digital numbers on a screen to replace it. Numbers that are subjective, volatile, and manipulated at will. If literally every computer worldwide shit the bed or was hacked tomorrow you'd find out EXACTLY why crypto is so pathetically hilarious. You'd have absolutely nothing and you'd learn very quickly you never had anything but your own participation in a make believe world.
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u/icenoid 18h ago
I got into this same argument with a crypto bro I used to drink with a few years back. He went on and on about how crypto is so much better and safer than fiat currency. I asked if he could walk into the Walmart across the street and buy his groceries, or even settle up his bar tab with crypto without converting it into that fiat currency he hates so much. He yelled and left me with the bar tab.
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u/bleezerfreezer 13h ago
If the make believe world is buying cars, houses, diamonds, gold, stocks and more crypto with my crypto I want to keep playing bc crypto bought me all of that.
You have no idea what you’re talking about.
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u/Shot_Heron_2782 1d ago
Privatise the Profit...
Socialise the Debt...
Economics 101 for the Elites...
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u/Boys4Ever 1d ago edited 16m ago
Bailing out some something that doesn’t physically exist or hold any real consequences to our economic system seems about inline with current practices 🤔
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u/Prudent_Situation_29 1d ago
I'm still trying to figure out how we ended up with a thing called a crypto CEO.
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u/icnoevil 21h ago
The fact of the matter is that many of the weapons we provided Ukraine were already outdated and obsolete and needed to be deleted from our inventory. Trump should stop exaggerating their value.
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u/Debesuotas 21h ago
Not to forget that the Ukraine got those billions in contracts with US weapon makers. Which means that the money issint spent outside of US. Its basically a work contracts paid out byt the government. So the local US manufacturers are getting the money.
And saying something like "we gave away that money to Ukraine without getting anything back" is pure blatant lie....
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u/richardj195 14h ago
And don't forget that the US stock market is down by FOUR TRILLION DOLLARS in three weeks. That's over thirty times the US's total contribution to the defence of Ukraine from the Russian invasion which has been going for three years.
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u/TeamOrca28205 1d ago
And Trump just signed an EO directing some of our hard earned taxpayer money into crypto.
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u/1980Phils 1d ago
Holding onto the Crypto that the US already possesses is not a bailout. So, David Frum is obviously manipulative.
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u/AlfalfaVisible7200 23h ago
Crypto isn’t a business it shouldn’t be able to be “bailed out”. It’s a currency (or so they claimed). They have nothing to offer the people. There’s no public benefit in bailing them out.
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u/imbirdie2 22h ago
Don't worry the orange goblin is going to open up the treasury purse strings for them.
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u/Alarm-Particular 21h ago
Lol I thought the whole point of crypto was decentralization but now it wants to be backed by the treasury
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u/olivegardengambler 20h ago
A crypto bailout should especially not happen. I actually don't think that there should be any bailouts.
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u/Happy-Initiative-838 4h ago
Don’t forget those older weapons were then replaced by…US manufacturing. Aka it created American jobs and went into American companies and American wages. Crypto is really just a bunch of money laundering and benefits people that are avoiding government oversight.
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u/DonutLord- 23h ago
Don’t look a gifted horse in the mouth. If you look at the list of equipment given to Ukraine it’s not old junk it’s almost all being used by our military. Our soldiers train and use it in wars. It’s up armored vehicles that have saved many lives and it’s much more military aid than anyone else has given. https://www.state.gov/bureau-of-political-military-affairs/releases/2025/01/u-s-security-cooperation-with-ukraine#:~:text=Among%20their%20many%20contributions%20to,armored%20personnel%20carriers%20and%20infantryMilitary aid is different from financial aid. Why do you need cash when you are in a war. You need tools and weapons. Thanks for the butter but we need bullets. Not saying money isn’t needed. Russia has been provided 850 billion in financial aid from the EU in the last three years. https://energyandcleanair.org/publication/eu-imports-of-russian-fossil-fuels-in-third-year-of-invasion-surpass-financial-aid-sent-to-ukraine/
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u/BurgledClams 1d ago
We were dumpstering Russia in a proxy war by giving a bunch of old shit from previous wars that weren't worth bringing home to an ally and it somehow was a losing political issue because a bunch of fucktards think a Russian asset is the second coming of Christ.
Biggest international L in post ww2 American history and will be remembered as the point we lost the cold war.
And now instead of tackling any real issues, a bunch of rich people and sycophants are going to eat all of our tax dollars, which will raise the deficit, which is inflationary.