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204 sats \ 16 replies \ @Undisciplined 3 Oct \ on: Is it even worth paying off the debt in fiat land? econ
I've long been on Team Default
Whoever's been willingly lending the government money is who most deserves to be left holding the bag
Aren't you basically on Team MMT then?
They're just like, who cares, print money to your heart's content.
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Not at all. I'm on team hard default.
Money printing extracts purchasing power from all dollar holders, not just those who voluntarily fund the state.
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And then how do you prevent the sanctioning and removal of your government by the US military and SWIFT/IMF/World Bank cartel?
You think they will just stand by and watch as you free your nation from their debt slavery and set an example other nations would follow if unpunished?
You ignore the real world where the power projection capability of governments is fundamental to the wealth of nations.
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Only works if the debt is in a currency you can print.
Foreign debt is usually denominated in USD, as was the case in Romania.
This why I point out how Bitcoin and Stablecoins are a well-planned natsec operation, the dollars world reserve status puts the US in a dilemma, it has had to put itself in debt to export enough dollars to stave off global default.
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That is bullshit.
The US has used its extraordinary privilege to consume more than it produces instead of retaining surpluses - you have had chronic trade and fiscal deficits for over 50 years.
Do not blame your squandering and misuse of global fiat monetary hegemony for your negligence and and lack of fiscal and productive economy discipline.
The real problem is the US political process has been captured by corrupt corporate rentseekers who have advanced their private interests ahead of the best interests of US citizens.
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You really are retarded or a bot.
chronic trade and fiscal deficits for over 50 years.
Because we HAVE TO to bail out your shit currencies. No dollars exported the whole system collapses.
captured by corrupt corporate rentseekers
Yea, international banks.
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a bot
yes
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Your standard response when faced with facts and issues your Libertarian ideology cannot credibly refute with a reasoned response.
Just shoot the messenger and continue with your banal Libertarian Circle Jerking.
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USA uses its ability to print USD to entrap other nations in debt slavery.
The SWIFT hegemony over trade payments forces other nations to hold US otherwise they are excluded from global trade payments.
The sense of entitlement has corrupted your entire nation and culture.
The GFC was caused by corruption based in the US financial system which spread internationally.
The US is the operator and enforcer of global fiat debt slavery, fronting the Jewish bankers who own it.
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No one forces foreign countries to denominate their debt in dollars, well actually yes the globalist bankers do... else they end up a pariah like Iran or North Korea.
The sense of entitlement has corrupted your entire nation and culture.
No argument there, https://www.youtube.com/watch?v=eCxHwyj6Hw0
Who was there to take advantage? Globalist bankers of course.
The US is the operator of global debt slavery
US is a victim more so than anyone else, a vessel not an operator. https://en.wikipedia.org/wiki/Triffin_dilemma
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Seems we largely agree.
Bankers own the US government...and via its military and control over global institutions and protocols they enslave almost all other nations.
How does the US free itself from the capture of Jewish/globalist bankers?
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I've explained this in at least half a dozen other threads, on mobile for the rest of the night you'll have to dig.
tldr; NSA created Bitcoin to soak up liquidity and Stablecoins will be used to monetize the debt and bypass the SWIFT system to export it.
Talk is cheap but...
Have you considered what happens if you default to the Jewish banker owned IMF?
The US military and secret services will remove any government that dares to default on IMF debt..
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