“Trump is crashing the market to refinance the US debt! It’s 4D chess!”
1) That’s not how that works.
2) The US average interest rate is only 3.32% right now because so much of the US debt structure was issued on long dated instruments with low coupon when rates were nearly 0.
3) Only $3T of the $35T hits maturity in 2025.
4) If you forced the Fed to cut from 4.50% -> 3.32% to finance $3T at a lower rate, you’d save $35B/year in interest, out of $1.6T in annual interest.
5) It would also have cost the US economy at least $2.5T~
So no - it is not some genius 4D plan by your god emperor.
Saving $35B by blowing up *Trillions* will not fix anything for the US.
He’s just really bad at this stuff.
@stocktalkweekly if they discovered it a year before then they should have remediate it immediately which i believe they did … but lack of management that they did not report it on a timely manner…
@adamscochran i highly believe that some promising ecosystem yet to be revealed that has fundemateally good architecture … but we are not there yet .. all of wht happeneing now is just hype around shit projects/ coins …blockchain utility is not here yet…
@adamscochran Eth dominance is over… everyone calling it a deflationary .. but wait when the whole ecosystem fail .. no one wants high gas fees when it comes to mass adoption:) . Even bitcoin .. layer2 are useless if problem is not corrected during on the root level , design level
@adamscochran with all due respect , when almost allthe blocks are ofac compliant , means it is not decentralized:).
the only asset i know is decentralized is Bitcoin .
but i was surprised a knowledgable person like you who advocating the
opposite