Comment on Who gets all the tariff money about to be collected from US citizens buying products from Canada?
Lasherz12@lemmy.world 1 day ago
The last round of tariffs were paid almost uniformly and directly to large farming conglomerates to keep them silent on the matter. The amount actually left over after paying farmers wasn’t much, certainly not enough to cover the damage it did in other industries. There’s no doubt in my mind that it will be turned into a market manipulation scheme wherein they will invest in the subsidized markets after buying stocks in the relevant corporations once the market settles to its new low state.
snausagesinablanket@lemmy.world 1 day ago
I wonder if it will tie into their new strategy to buy crypto reserves which only make sense if they are going to skim it.
OutlierBlue@lemmy.ca 1 day ago
Having a crypto reserve makes sense if you plan on tanking the economy and US dollar for profit.
RowRowRowYourBot@sh.itjust.works 1 day ago
Or if you personally own a lot of crypto and are looking to manipulate the market.
frank@sopuli.xyz 1 day ago
The cool part is you can double and triple dip. Buy bitcoin, promise to make a US Crypto reserve, sell it during the boon, make your own memecoin and profit off that as well
Then maybe do it again when you maybe waste money on a Crypto reserve
cecilkorik@lemmy.ca 20 hours ago
Of course. They will pump and dump that too, over and over again, with your tax dollars in the “reserve” taking the hit each time while they embezzle what will probably eventually be trillions, just wait, they will not stop looting America until there is nothing left to loot.