Real Economy?

[toastedbread]

https://www.cnbc.com/2025/03/13/treasury-secretary-bessent-said-the-white-house-is-focused-on-the-real-economy-and-not-concerned-about-a-little-market-volatility.html

Bessent wants to boost the real economy? I'm on board with that.

Is shit coin, vaporware, and financial speculation in numerical tulips part of the real economy?

Trump Family Reportedly Holds Deal Talks With Binance | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Marvin the Martian]

https://www.cnbc.com/2025/03/13/treasury-secretary-bessent-said-the-white-house-is-focused-on-the-real-economy-and-not-concerned-about-a-little-market-volatility.html

Bessent wants to boost the real economy? I'm on board with that.

Is shit coin, vaporware, and financial speculation in numerical tulips part of the real economy?

Trump Family Reportedly Holds Deal Talks With Binance | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Great point, the speculation/bitcoin type of "casino economy" is now being viewed as the real economy. We don't need that bolstered. We need fewer hedge funds being predators and ripping apart companies to sell out the profitable internal organs. We need companies that build, mine, produce, create. Investing in an Apple, or 3M, or pharma, does that. Buying Bitcoin doesn't.

 

[toastedbread]

Great point, the speculation/bitcoin type of "casino economy" is now being viewed as the real economy. We don't need that bolstered. We need fewer hedge funds being predators and ripping apart companies to sell out the profitable internal organs. We need companies that build, mine, produce, create. Investing in an Apple, or 3M, or pharma, does that. Buying Bitcoin doesn't.

Trump is right about one thing he said recently. China thinks in 100 years and we think in 1 quarter. The problem is the people running the country currently are right about a few things but their policy prescriptions are precisely the worst prescriptions.

E.g. Biden funds all kinds of chip plants in places without water... Arizona... And whatever chips they are building will be outdated by the time the plant is up and running.

I think we do need to look for high tech type stuff with real long-term value. That pays fair wages and isn't competing with the lowest priced countries with the lowest wages. We need to specialize.

The problem is that we have idiots and the corrupt running this country from all sides. Personally, candidates running on pro-crypto platforms is a disqualification in my book. And crypto is not block chain! There may be a real use for block chain technology. The rot in this country runs deep on both sides.

 

[UncleMark]

Great point, the speculation/bitcoin type of "casino economy" is now being viewed as the real economy. We don't need that bolstered. We need fewer hedge funds being predators and ripping apart companies to sell out the profitable internal organs. We need companies that build, mine, produce, create. Investing in an Apple, or 3M, or pharma, does that. Buying Bitcoin doesn't.

Same can be said about all the various financial "products" out there. Nothing but money changers.

 

[Marvin the Martian]

Same can be said about all the various financial "products" out there. Nothing but money changers.

Right, too many people are investing in crazy instruments that don't grow the economy. We should strip bitcoin and other such investments from long-term capital gain taxes. The idea behind long-term capital gains is to reward investing in ways that create jobs, create wealth. Remove all the stuff that's just a bet on black 34 and make them pay the higher rate. This will encourage investment in entrepreneurship.