# How would this headline make you feel: "Trump proposes fixing social security by investing trust fund in $Trump coin?" **URL:** \ **Category:** The BBQ Pit\ **Tags:** trump\ **Created:** [January 19, 2025, 6:16pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137 "2025-01-19T18:16:44Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Happy\_Fun\_Ball](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/happy_fun_ball/32/17664_2.png) [@Happy\_Fun\_Ball](https://boards.straightdope.com/u/Happy_Fun_Ball)\ **Post date:** [January 19, 2025, 6:16pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/1 "2025-01-19T18:16:44Z")
He already declared he is considering creating a US strategic reserve of bitcoin and other crypto currencies. Where would he get the money for this? Selling bonds? ---
**Author:** ![dolphinboy](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dolphinboy/32/330_2.png) [@dolphinboy](https://boards.straightdope.com/u/dolphinboy)\ **Post date:** [January 19, 2025, 6:31pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/2 "2025-01-19T18:31:36Z")
Who knows. Do you think Donald came up with this idea and understands how to do it? I file this one under harebrained ideas that will likely never come to fruition. ---
**Author:** ![running\_coach](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/running_coach/32/15836_2.png) [@running\_coach](https://boards.straightdope.com/u/running_coach)\ **Post date:** [January 19, 2025, 6:38pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/3 "2025-01-19T18:38:09Z")
šŸ¤® šŸ¤® šŸ¤® šŸ˜± šŸ˜± šŸ˜± šŸ˜  šŸ˜  šŸ˜  ---
**Author:** ![Stranger\_On\_A\_Train](https://avatars.discourse-cdn.com/v4/letter/s/13edae/32.png) [@Stranger\_On\_A\_Train](https://boards.straightdope.com/u/Stranger_On_A_Train)\ **Post date:** [January 19, 2025, 6:50pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/4 "2025-01-19T18:50:38Z")
It is unclear how the government would go about buying a ā€œstrategic reserve of bitcoin and other cryptocurrenciesā€. While the government certainly does buy commodities (agricultural goods, strategic mineral and energy resources, et cetera), and even finished goods such as medical equipment and pharmaceuticals to provide a strategic stockpile, purchasing some kind of speculative ā€˜investment vehicleā€™ such as cryptocurrency or ā€˜meme coinsā€™ is essentially unprecedented. The government would presumably have to issue a massive amount of debt in order to purchase a significant amount of cryptocurrency, and the people who are holding cryptocurrency are doing so specifically because they want a greater yield and can tolerate the volatility and risk of a ā€˜commodityā€™ that really has no fundamental basis of value beyond market speculation, so it seems doubtful that they would be interested in trading for T-bills and notes (which are chosen by investors for stability over yield), especially backed by an entity which would then itself be heavily invested in cryptocurrency. In fact, the only possible benefit to this is that the US government would be so heavily leveraged on the the value of ā€˜cryptoā€™ that they would intervene in the comping collapse of cryptocurrency markets, thus making the affected cryptocurrencies a kind of _de facto_ government-backed security that they is ā€œtoo big to failā€. Which, frankly, is the entire point of this proposal; to make this anarcho-libertarian ā€œfree of government fiatā€ currency backed by the faith and credit of the worldā€™s most powerful economic superpower that nearly everybody else pegs their currency to (directly or by proxy), because that scam is becoming increasingly played out and cryptobros want to run home to mommy before the bottom falls out. > [@dolphinboy](#): > > Do you think Donald came up with this idea and understands how to do it? I file this one under harebrained ideas that will likely never come to fruition. Donald Trump definitely did not come up with this. This was Peter Thiel, whispering through J.D. Vance and/or Elon Musk (whomever has Trumpā€™s ear at the moment) telling him how this will be a cure-all that he can also personally profit on and wash the dirty money people will be paying him for influence. Still, the Treasury canā€™t issue this kind of debt without Congressional authorization, and Iā€™m sure that the Republicans in Congreā€¦.well, Iā€™m not sure about anything at this point. But this is basically the plot out of a Neal Stephenson novel treatment that his publisher rejected because ā€œThis is too ridiculous and lacking in coherent narrative even for you, Neal.ā€ Stranger ---
**Author:** ![Der\_Trihs](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/der_trihs/32/233_2.png) [@Der\_Trihs](https://boards.straightdope.com/u/Der_Trihs)\ **Post date:** [January 19, 2025, 6:54pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/5 "2025-01-19T18:54:39Z")
My reaction would be that millions of people will end up starving and homeless. And probably machine-gunned by the thousands when the food riots start. ---
**Author:** ![Stranger\_On\_A\_Train](https://avatars.discourse-cdn.com/v4/letter/s/13edae/32.png) [@Stranger\_On\_A\_Train](https://boards.straightdope.com/u/Stranger_On_A_Train)\ **Post date:** [January 19, 2025, 6:58pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/6 "2025-01-19T18:58:25Z")
You should really take a break from that ā€˜Seventies Charleton Heston movie marathon at some point before the Statue of Liberty somehow ends up in the ocean just off of Point Dume: [![](https://www.looper.com/img/gallery/the-ending-of-planet-of-the-apes-finally-explained/subtle-messages-come-out-to-play-1616070249.jpg) ](https://www.looper.com/img/gallery/the-ending-of-planet-of-the-apes-finally-explained/subtle-messages-come-out-to-play-1616070249.jpg) Stranger ---
**Author:** ![Dewey\_Finn](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dewey_finn/32/4222_2.png) [@Dewey\_Finn](https://boards.straightdope.com/u/Dewey_Finn)\ **Post date:** [January 19, 2025, 6:58pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/7 "2025-01-19T18:58:52Z")
FYI, the US Government is believed to already hold roughly 200,000 bitcoin (seized from Silk Road and other places). And Iā€™ve read articles that suggest that the bitcoin reserve will somehow help in competing with China, though I donā€™t see how. ---
**Author:** ![Snarky\_Kong](https://avatars.discourse-cdn.com/v4/letter/s/a183cd/32.png) [@Snarky\_Kong](https://boards.straightdope.com/u/Snarky_Kong)\ **Post date:** [January 19, 2025, 7:15pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/8 "2025-01-19T19:15:31Z")
Creating a bitcoin reserve is generating a way for his silicon valley supporters to sell off their BTC holdings. Just a giveaway of state resources to the private sector. ---
**Author:** ![Happy\_Fun\_Ball](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/happy_fun_ball/32/17664_2.png) [@Happy\_Fun\_Ball](https://boards.straightdope.com/u/Happy_Fun_Ball)\ **Post date:** [January 19, 2025, 7:25pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/9 "2025-01-19T19:25:07Z")
This is what I think. Just more wealth transfer from the American taxpayer to the wealthy. I expect the rate to increase by at least 4x over the next 4 years. ---
**Author:** ![StringsandHammers](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stringsandhammers/32/17933_2.png) [@StringsandHammers](https://boards.straightdope.com/u/StringsandHammers)\ **Post date:** [January 20, 2025, 12:48am UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/10 "2025-01-20T00:48:24Z")
Hear me out, how about we invest the Social Security trustfun in Trump steaks? This one has a more much more credibility because the US has historically stockpiled agricultural commodities in the event of emergencies. ---
**Author:** ![Stranger\_On\_A\_Train](https://avatars.discourse-cdn.com/v4/letter/s/13edae/32.png) [@Stranger\_On\_A\_Train](https://boards.straightdope.com/u/Stranger_On_A_Train)\ **Post date:** [January 20, 2025, 1:18am UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/11 "2025-01-20T01:18:50Z")
> [@StringsandHammers](#): > > Hear me out, how about we invest the Social Security trustfun in Trump steaks? Iā€™m not aware of the need for a critical national stockpile of shoe leather, and. despite the celebration that ā€œTrump Steaksā€ have received over the years, it was one of his shorter failed business ventures, only lasting from May to July of 2007. Stranger ---
**Author:** ![StringsandHammers](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stringsandhammers/32/17933_2.png) [@StringsandHammers](https://boards.straightdope.com/u/StringsandHammers)\ **Post date:** [January 20, 2025, 1:24am UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/12 "2025-01-20T01:24:51Z")
How about Trumpy bears or Trump bibles? Surely thereā€™s something to investing our SS trustfund into Trump assets, we just need to flush it out a little more. ---
**Author:** ![Atamasama](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/atamasama/32/12961_2.png) [@Atamasama](https://boards.straightdope.com/u/Atamasama)\ **Post date:** [January 20, 2025, 5:44am UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/13 "2025-01-20T05:44:39Z")
We might as well try to increase revenue by making bets with the governmentā€™s money at a roulette wheel. ---
**Author:** ![running\_coach](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/running_coach/32/15836_2.png) [@running\_coach](https://boards.straightdope.com/u/running_coach)\ **Post date:** [January 20, 2025, 7:15am UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/14 "2025-01-20T07:15:34Z")
> [@Atamasama](#): > > We might as well try to increase revenue by making bets with the governmentā€™s money at a roulette wheel. - As long as I get to keep the winnings, Iā€™m game. ---
**Author:** ![Mangetout](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/mangetout/32/19_2.png) [@Mangetout](https://boards.straightdope.com/u/Mangetout)\ **Post date:** [January 20, 2025, 8:42am UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/15 "2025-01-20T08:42:02Z")
I think my gut reaction would be ā€˜Oh, another famous person orchestrating a Crypto Rug-Pull scamā€™ ---
**Author:** ![Der\_Trihs](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/der_trihs/32/233_2.png) [@Der\_Trihs](https://boards.straightdope.com/u/Der_Trihs)\ **Post date:** [January 20, 2025, 8:53am UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/16 "2025-01-20T08:53:11Z")
> [@Dewey\_Finn](#): > > And Iā€™ve read articles that suggest that the bitcoin reserve will somehow help in competing with China, though I donā€™t see how. Itā€™s pure hype, like everything else around cryptocurrency. Crypto is pure scam, it _needs_ the hype since thereā€™s no reason to use it in the first place besides scam and criminal transactions. People arenā€™t supposed to think _"How_ will cryptocurrency help against China"; they are supposed to think "Cryptocurrency is The Future and will help against China and make me, personally rich! _Rah! Rah! Rah!"_ ---
**Author:** ![Slithy\_Tove](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/slithy_tove/32/18248_2.png) [@Slithy\_Tove](https://boards.straightdope.com/u/Slithy_Tove)\ **Post date:** [January 20, 2025, 8:59am UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/17 "2025-01-20T08:59:58Z")
If there really might be such thing as a unicorn fart, and if I could make a believable claim that the jar in my hand contained one, I suppose I could be rich too. ---
**Author:** ![Thing.Fish](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/thing.fish/32/9168_2.png) [@Thing.Fish](https://boards.straightdope.com/u/Thing.Fish)\ **Post date:** [February 13, 2025, 9:34pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/18 "2025-02-13T21:34:56Z")
Oh, the first condition isnā€™t really necessary. ---
**Author:** ![Czarcasm](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/czarcasm/32/4050_2.png) [@Czarcasm](https://boards.straightdope.com/u/Czarcasm)\ **Post date:** [February 13, 2025, 9:40pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/19 "2025-02-13T21:40:45Z")
Trump has a long history of failed schemesā€¦that have hurt many other people. So even his crappy ideas piss me off. ---
**Author:** ![Mangetout](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/mangetout/32/19_2.png) [@Mangetout](https://boards.straightdope.com/u/Mangetout)\ **Post date:** [February 13, 2025, 9:46pm UTC](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137/20 "2025-02-13T21:46:35Z")
You would think, after the _exact same graph_ (below) had been seen a few times, in the context of exciting new crypto promises, that people would just laugh and keep their money, but apparently not. [![](https://www.shutterstock.com/image-vector/japanese-candle-stick-bearish-rug-260nw-2203162923.jpg) ](https://www.shutterstock.com/image-vector/japanese-candle-stick-bearish-rug-260nw-2203162923.jpg) [Next page](https://boards.straightdope.com/t/how-would-this-headline-make-you-feel-trump-proposes-fixing-social-security-by-investing-trust-fund-in-trump-coin/1013137.md?page=2)