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110 sats \ 2 replies \ @justin_shocknet 5h \ on: What movement does Bitcoin mirror the most? AskSN
Plaza Accord.
In the 80s the US was facing a problem with the dollar being too strong, hurting international trade positions. Obviously letting the dollar collapse outright would have meant panic, capital flight, loss of strategic control since there was no real alternative except for maybe gold which had already been looted leading up to 1971.
Bitcoin has similarly been pressure valve in disguise to foster a transition to something more sustainable than foreign exchange, with buy-in made consensual through grassroots mythology and market incentives. In this way both controlled a monetary pivot necessitated by the US dollar being used against its own country in the form of the Triffin Dilemma and globalist leverage.
I see the analogy, but I disagree with the implication: if our political overlords were effective enough to plan, engineer, and execute something like this, they wouldn't have the problems this solution solves.
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Politics is just theater, politicians are just actors, strings pulled from the IC. The greatest psyop ever was convincing people they're incompetent. "Appear weak when you are strong".
They have effectively unlimited resources, all the planning power, blackmail, sigint, you can conceive of and more. If they can write movie scripts about the CIA they can write operational plans of military grade.
The only hiccup is that its a battlefield, faction vs. faction, that's chaos not incompetence.
That's exactly why Bitcoin was a perfect solution, the enemy doesn't get much of a vote in stopping it, and in fact they have an incentive not to.
"Bitcoin is for enemies" is quite literal, America's enemies.
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