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131 sats \ 5 replies \ @Scoresby OP 20 Aug \ parent \ on: $40,000,000,000,000.00 Politics_And_Law econ
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.

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6 sats \ 4 replies \ @optimism 20 Aug

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.

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22 sats \ 3 replies \ @Solomonsatoshi 20 Aug

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.

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10 sats \ 2 replies \ @coffeebadger 21 Aug
Military and monetary networks are highly aligned.

Yeah and BTC has the best military network. Armies aren't free.

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6 sats \ 1 reply \ @Solomonsatoshi 21 Aug -21 sats

We could say Bitcoin miners are our army which makes me a 3-4 TB foot soldier.

I mine when the sun shines...thanks to low cost Chinese PVs.

Long live the revolution, comrade!