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62 sats \ 7 replies \ @Undisciplined 4h \ 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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what about team debt jubilee?
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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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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