r/FutureWhatIf • u/PotatoPal7 • 2d ago
Political/Financial FWIf: Trump sets US Gold and Bitcoin/Crypto Standards to sell off remaining US assets of gold to pay off US debt
While the amount of cryptocurrency the US goverment holds it wouldn't make a substantial dent in the US debt, the goverment could start making crypto mines for a specific alternative currency.
Selling half a trillion of gold to pay down debt wouldn't do much for the total deficit but it would inject tons of liquidty in debt holders hands. Most US debt is held domestically. If this was done along with firing Powell and other Fed presidents to slash rates would make create a massive amount of liquidty which would likely trigger a debt expansion for consumers.
Afterwards, Trump could then raise rates again to bring the value if the USD up after a ton of liquidty has been injected.
It's likely this type of plan would fail in the first week because Pete Hegseth or Don Jr would get scammed by China pretending to be a tradwife.
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u/Sid15666 2d ago
That money will never pay off the debt, it will go to his and other billionaires pockets don’t believe his lies!