pull down to refresh

10 sats \ 2 replies \ @Undisciplined 5 Feb \ parent \ on: Charted: U.S. National Debt, as a Percent of GDP (1900-2035P) econ

What happens to the holders of dollar denominated debt with the bitcoin plan? It seems like that's just a variant of one of the other three choices.

write
preview
51 sats \ 1 reply \ @freetx 5 Feb

They will receive dollars that may not be worth much in 30 years.....they too should transition to bitcoin standard.

(btw, I just saw someone on twitter post a "BitBond" strategy that is clever. When bonds are sold, Treasury allocates 1% of funds raised into bitcoin and held in cold-storage. At maturity, Treasury pays back 99% fiat and the 1% BTC.....)

reply
35 sats \ 0 replies \ @Bell_curve 5 Feb

The 2 biggest liabilities are Medicare and Social Security.

Eventually we have to privatize both. The other option is we pay everyone off with a lump sum (present value discount).

reply