Trump’s Crypto Reserve Will Bail Out Silicon Valley and Wall Street Billionaires at the Expense of Average Americans

One of Donald Trump's campaign promises was to create a government "Crypto Reserve" where the U.S. Government would own cryptocurrency assets to be used to run the country. Much of the talk was originally about the U.S. Government owning Bitcoin, but this past weekend Trump announced that it would include other cryptocurrencies as well. The news originally sent cryptocurrency values higher, but most of them came crashing back down today, as did Wall Street in general. Financial advisor Catherine Austin Fitts of the Solari Report has been very vocal against any kind of Bitcoin or Crypto Reserve by the government, referring to it as a "reverse Robinhood" of stealing from the poor and giving it to the rich. Her fears are that such a reserve would be used to buy real assets, such as real estate, while leaving speculative cryptocurrencies in people's pensions and retirement funds. Here are a few short video interviews where she discusses this.