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10 sats \ 2 replies \ @Undisciplined 6h \ 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.
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51 sats \ 1 reply \ @freetx 6h
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.....)
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35 sats \ 0 replies \ @Bell_curve 6h
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).
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