@transfix@Vivek4real_ This debt will be paid, one way or another. Historically, without fail, every bankrupt empire hyperinflated its currency, paying off its debts with worthless currency. Whether the US chooses hyperdeflation or hyperinflation, it will be an economically painful process.
@Temporary_Times@porterstansb "So the dollar is dogshit, and stablecoins are dogshit wrapped in catshit?" ......that's from some movie about fraud and bankruptcy.
There is no saving the dollar, no rabbit to be pulled from the hat. But go ahead, keep believing everything the governemnt tells you.
@bitcoin_eagle@Kgb32_ There is a reason why central banks, Russia, China, and many other countries are stacking gold; some even stacking silver.
Before something is used as money, it must have a use. The best forms of money have a use and are rare, durable, and fungible. Bitcoin fails at having a use.
@kraftykrakka@MassieforKY@tedcruz Funding and lobbying from ANY foreign government is not a good thing. Do you really think they're paying off politicians because they want what is best for Americans??? ๐
@Macrobysunil Completely agree. The Venezuelan stock market went up 15,000% while its economy and currency collapsed. I even think Bitcoin will go down in real terms: it might hit $1M, but a loaf of bread might cost $10k when that happens.
We are past the Event Horizon regarding US debt.
@Humongaloid@KimDotcom I've tried, and learned this lesson the hard way: You can lead a horse to water, but you can't make it drink.
Said another way: You cannot help someone who does not want to help themselves.
@IdahoRebel208@JustTheTweets17 He wasn't nipped in the ear with a bullet. If a (supersonic) bullet did hit his ear, there should have been much more damage. On the ground, when covered, his ear was nicked with a blade....WWE style.
Many thought he was picked by God to save us; his near miss cemented that idea.
@tedlieu The fact it took you this long to see how disgusting and corrupt Swalwell is speaks more to your character than his. Seriously, everyone has heard of Fang Fang!
Maybe you've seen it all along, but because you're a politician you can't be honest.
@Adams777777@ProudSocialist The Yuan is not in the dollar index. A rising dollar just means the other fiat currencies in the index are going to zero faster. The dollar could keep rising in 'value' versus other currencies, but lose value in real terms (e.g., dollar loses value versus gold, food, energy).
@Marketintel_x@ProudSocialist OPEC prices/sells oil only for dollars. The world needs oil, therefore it needs dollars to buy that oil. If the Gulf countries start taking other currencies (newsflash: they are already doing so) for their oil, demand for the dollar collapses, along with the bid for US debt.
@Remi_Steele555@GloriaStendardi@chrismartenson What part of 'global market' is not clear? E.g., if Europe is buying oil at $200, why wouldn't American producers not want to sell it to them at that price? Only way that doesn't happen is if goverment bans export of oil and issues oil price controls. Result: oil shortage.
@RoysEnergy@zerohedge Formal or informal, the Gulf countries didn't just sell oil only for dollars (and then buy US debt) because they're nice friendly people. They got security in exchange; that's not a myth. Without the petrodollar, the dollar would have hyperinflated away decades ago.
@RoysEnergy@zerohedge No, because US promised full military protection if the Gulf countries only priced and sold their oil/gas for dollars (aka petrodollar). And they also had to buy US debt with those dollars. We are witnessing the end of that deal, which means the Fed will be picking up the slack.
@Sorenthek The USD will not be the Reserve currency forever. This is the dollar losing its status. What does Iran buy from US or its allies right now? Isn't Iran more sanctioned than Russian? They don't need or want dollars anymore. This is Iran attacking the Achilles heal of the US.
@TheBTCTherapist Uh, no. The Gulf coast countries are being destroyed. If the monarchies collapse, so does the petrodollar; this is why Iran is attacking them. The petrodollar is the greatest weapon US has over the world, and it's being directly attacked, despite Trump saying 'We won!'
@Flywheel_001@StefanMolyneux True, they didnโt create it. But vast majority of Boomers apparently have no problem dumping the largest pile of debt onto the shoulders of their children/grandchildren. They donโt even blink when told the standard of living is collapsing to fund their โretirementโ.
@samflanagan77@RealJimRickards@Bannons_WarRoom Qatar is the largest LNG exporter in the world, and is closed for business. Besides its energy use, natural gas is needed to make fertilizer; 33% of the worldโs fertilizer flows through the Strait. So yeah, itโs going to be a problem.
@onechancefreedm I appreciate that insight. Sums up very well exactly how I feel. Despite being black pilled, Iโm actually hopeful for the future because of my young sons. My mission is to launch them into adulthood, pointing out all the layers of lies surrounding them.
@overton_news By attacking the Gulf coast countries, Iran is attacking America's Achilles heel: the petrodollar. If the monarchies fall the new leaders will be selling most of the oil outside the dollar. That means no reinvestment in US debt or markets; i.e., markets crash then hyperinflation.