reply on: Ukraine: House paves the way for expropriation of Russian assets in the USA \ stacker news ~econ

31 sats \ 6 replies \ @siggy47 21 Apr \ on: Ukraine: House paves the way for expropriation of Russian assets in the USA econ

I cannot believe this is simple stupidity. There must be a plan, but I doubt it's a good one. Maybe pay down debt with the help of the depreciating dollar, then find a replacement for oil and create a new petro dollar?

77 sats \ 3 replies \ @freetx 21 Apr

There must be a plan

No, I think this is simply the way empires die.

At first the rules are just 'tweaked' slightly in favor of the ruling class, and as they keep getting away without consequence, they become more and more extreme.

10 sats \ 1 reply \ @TomK OP 21 Apr

Seems to be true... sad

31 sats \ 0 replies \ @freetx 21 Apr

As much as current news pains me, it also makes me incredibly happy that bitcoin exist.

I was "awake" in 2008 and those were frankly much darker days. Although we didn't use the term "CBDC" back then, it was widely assumed their only answer was to institute some sort of global fiat currency.

At that time, we had no escape hatch to deal with this except for the crude use of gold/silver (which I was a stacker). The arrival of bitcoin has truly given us an alternate plan.

21 sats \ 0 replies \ @Bell_curve 21 Apr

And more incompetent

37 sats \ 0 replies \ @TomK OP 21 Apr

I really have no idea. And the 95 bio. USD fresh funding for Zelensky....

27 sats \ 0 replies \ @Bell_curve 21 Apr

There is a plan to replace oil but the plan is utopian

If we can make oil obsolete what would happen to Russia and OPEC members lol