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159 sats \ 3 replies \ @freetx 3h \ on: Bitcoiners have Somehow, Unfortunately, Lost the Plot bitcoin
The will never be a default. Bond holders will get freshly printed dollars.
This is already whats been happening for last 60+ years....old debt is just rolled into newer / bigger debt. There has never been any "debt paid off".
Its not my fault if lenders didn't realize this was what was happening (hint: they all know this is how the game has been working, none of this is a surprise).
So in other words the US would become like it was at its founding? A founding that then permitted enough wealth to be rapidly built that could then fund all the grift you mentioned.
The notion that "no one will sell oil or beef because the Dept of Energy and FDA doesn't exist".... how did we ever manage before 1940?
We can definitely eliminate USAID, a money laundering vehicle
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The US cannot just 'print up dollars' without some revenue source. Income taxes are a huge % of federal revenues and if you abolish them... Well OK. But either government has to shrink massively (which includes the DoD, Medicare and Social Security which people don't want) OR the deficit has to increase massively ballooning interest rates probably sending the economy into recession. Just 'print the dollars up' and the US turns into Argentina
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Just 'print the dollars up' and the US turns into Argentina
Again, we have already been doing this for 60+ years. All exponential curves eventually steer towards infinite increases....and this is just where we currently are in that curve.
I'm suggesting a continuation of the same just at a slightly enhanced rate. In fact, this is the "mainstream solution".
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