Whatever good the free money you are getting from US taxpayers is can be reversed by an act of Congress as well
What free money are you talking about? I would just want my nation to hold reserves in the hardest asset to make. That's all.
Okay, how about AAPL? How about NVDA? How about soybean futures? How about any other thing US investors might want to invest in? Should the US government be in the business of speculating in the financial markets so specific investors in those things should benefit?
- No it shouldn't, because all of them include counterparty risk.
- Nonetheless, it is indirectly involved in supporting large corporations by purchasing corporate bonds.
It shouldn't be in the position of speculating with companies, because companies have counterparty risk. Therefore, the reserves should be kept in a hard asset, not liabilities. This is why gold emerged naturally as the world's reserve asset for so many centuries.
The US has gold--and has since the country began--because gold originally backed the US dollar. Now the gold the US owns isn't even 1% of the dollar and they stopped buying gold a century ago because there is no reason to.
... and is gold experiencing any troubles? Or was its holders experiencing troubles during the gold standard? (Apart from the confiscation order.) No, it kept rising in value. Why should Bitcoin be any different?
So you actually want Big Government--but just for your favorite stuff and not anybody else's. Cool
So, let me get this straight. I should be wanting big government, confiscating my property, and storing it in de-monetized assets that will lose value overtime. Would that be fair?