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> as fast as a memecoin dump without an SEC,
Like the FDA, the SEC's largely become a shakedown racket. Glass-Steagall's repeal (look up the year if you want to see whose fault that was and why the responsible parties have had cushy gigs doing speaking engagements for Goldman-Sachs and the rest of them) has been a disaster that made the psychopaths in a position to take advantage of it rich, and the "war on cash" has been propagated by the same people.
> you'd have no social security to fall back on.
Don't make me laugh. My grandfather got his $300 per month, sure. Name a city where that covers food, let alone rent.
> millions of others also trying to save for retirement who might not be.
Speaking of Glass-Steagall's repeal, 2008 was a direct consequence that cost people their houses, jobs, retirements. (Don't worry: some of them had $300 per month to fall back on.) The dollar's a memecoin, and the rug gets pulled on a regular basis, because the regulations exist to benefit people that can afford lobbyists. The least the government could do is stay the fuck in its lane, but it can't even manage that since the 1930s.