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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Goofyhoofy ✸✹🐝🐝 HONORARY
SHREWD
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Number: of 86281 
Subject: Re: Strategic Crypto Reserve
Date: 03/06/25 6:44 PM
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Don't have any tulips, though.

Tulips are hard. I’ve planted them, had a lovely crop, and then … nothing. I’m told you have to dig them up, split them, and replant them - and that’s a non-starter for me. Daffs, on the other hand, show up year after year like poor relatives at Christmas. (The daffodils, that is, not the poor relatives.)

But onto the real topic, I don’t understand at all what a “strategic reserve” of crypto is. If you have it, it doesn’t count until you cash it in. If you cash it in, you don’t have it. Unlike oil, where there’s an industrial necessity for the product, with crypto all you get is, uh, numbers on a page?

If government is going to do something with it, then by definition they have to trade it. Anybody know a government employee who is particularly adept at trading? (I mean without front running for his own account.) If we’re going to have a crypto reserve, why don’t we have a “stock market reserve”? We could have the government buy a whole bunch of stock (whoopee!) and then never sell it . I’m sure that would strengthen the economy.

Somehow.
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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