Someone is ultimately paying. It may just be that right now no one is paying, and later it may even be that it's not you that pays. But there are tricks. For example, the Social Security Trust Fund holds a lot of debt - about twice as much as Japan, the biggest foreign debt holder, and about half of what the Fed holds.
If a default happens, beneficiaries of that trust will get rekt. So you're paying in risk. Same with pension funds - 3rd largest private holders iirc - so you're paying in risk twice. Same with mutual funds - 1st largest private holders - which many a 401k is invested in, so if you're really unlucky, you're paying in risk thrice.
The risk is: you die after the collapse. If you die before the collapse, it is not your problem. Of course, it is also possible that there will be no collapse.
it is also possible that there will be no collapse.
This seems most likely to me. Rather that things stumble on, threatening unpredictable crises at irregular intervals and giving politicians plenty of excuses to do whatever they like.
Yeah... we should probably remember that pound sterling didn't collapse either (possibly thanks to the 1976 IMF rescue) - it was just completely devalued against the dollar.
Military and monetary networks are highly aligned.
Pound sterling lost its dominance over global trade payments with the Suez crisis. Inability to control shipping routes erodes faith in your trade payments capacity.
USA has lost control over Hormuz. Petrodollar is losing credibility.
Biggest buyer of middle east oil today is China. UAE and Saudis have joined BRICS and mBridge CBDC payments protocol.
China won the trade war. They enjoy annual trade surplus over $1 Trillion. End of the petrodollar empire is unfolding as we watch. A declining empire is in largely denial. Too hard to accept reality. US exceptionalism. Is dead. https://m.stacker.news/152865
China won the trade war. They enjoy annual trade surplus over $1 Trillion. End of the petrodollar empire is unfolding as we watch. A declining empire is in largely denial. Too hard to accept reality. US exceptionalism. Is dead.
China won the trade war. They enjoy annual trade surplus over $1 Trillion. End of the petrodollar empire is unfolding as we watch. A declining empire is in largely denial. Too hard to accept reality. US exceptionalism. Is dead.
It's all fake anyway
Doesn't feel fake when they make me pay for it.
you're not paying for it, no one is, hence all fake
Someone is ultimately paying. It may just be that right now no one is paying, and later it may even be that it's not you that pays. But there are tricks. For example, the Social Security Trust Fund holds a lot of debt - about twice as much as Japan, the biggest foreign debt holder, and about half of what the Fed holds.
If a default happens, beneficiaries of that trust will get rekt. So you're paying in risk. Same with pension funds - 3rd largest private holders iirc - so you're paying in risk twice. Same with mutual funds - 1st largest private holders - which many a 401k is invested in, so if you're really unlucky, you're paying in risk thrice.
The risk is: you die after the collapse. If you die before the collapse, it is not your problem. Of course, it is also possible that there will be no collapse.
This seems most likely to me. Rather that things stumble on, threatening unpredictable crises at irregular intervals and giving politicians plenty of excuses to do whatever they like.
Yeah... we should probably remember that pound sterling didn't collapse either (possibly thanks to the 1976 IMF rescue) - it was just completely devalued against the dollar.
Military and monetary networks are highly aligned.
Pound sterling lost its dominance over global trade payments with the Suez crisis.
Inability to control shipping routes erodes faith in your trade payments capacity.
USA has lost control over Hormuz.
Petrodollar is losing credibility.
Biggest buyer of middle east oil today is China.
UAE and Saudis have joined BRICS and mBridge CBDC payments protocol.
Yeah and BTC has the best military network. Armies aren't free.
More importantly, they'd be making you pay either way
O, he does. Taxes snf inflation, bruh
Less than 5% actually pay on-net. That 5% subsidize everyone else to keep the pitchforks at bay.
This is roughly the same percentage (globally) of people that can actually use Bitcoin.
Coincidence?
China won the trade war.
They enjoy annual trade surplus over $1 Trillion.
End of the petrodollar empire is unfolding as we watch.
A declining empire is in largely denial.
Too hard to accept reality.
US exceptionalism.
Is dead.
https://m.stacker.news/152865
That was quick. It was at 38T last month.
Not my favorite kinda 40 but cheers to everyone who made this possible 🍻
I saw the link and what came to my mind was USD BTC LOCK
It's also not that exciting... Inflation, nominal growth, deficits etc — obvs that milestone had to happen
A nice reminder
China won the trade war.
it jumped for me like 80B in a single minute. Crazy! Very sad to see... we need to own hard assets.
Hi
China won the trade war.
They enjoy annual trade surplus over $1 Trillion.
End of the petrodollar empire is unfolding as we watch.
A declining empire is in largely denial.
Too hard to accept reality.
US exceptionalism.
Is dead.
https://m.stacker.news/152865
Trump threatens to sanction China for trading with Iran.
More desperate TACO Bluster as the Zionist-petrodollar empire dies.
Don't mention the war.
The war to defend the declining petrodollar empire.
USA owned by Zionist war criminals.
https://m.stacker.news/152941
China won the trade war.
They enjoy annual trade surplus over $1 Trillion.
End of the petrodollar empire is unfolding as we watch.
A declining empire is in largely denial.
Too hard to accept reality.
US exceptionalism.
Is dead.
Trump threatens to sanction China for trading with Iran.
More desperate TACO Bluster as the Zionist-petrodollar empire dies.
https://m.stacker.news/152865