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21 sats \ 8 replies \ @Undisciplined 22 Apr \ parent \ on: The debt spiral continues econ
Demand for the dollar would go through the roof.
There's a paradox with this, since dollars are themselves a debt note, the cascading defaults that result would make remaining dollars worthless.
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Most people can't be told anything, they have to be shown, that's how psyops work...
But at this point so much has been stolen from people that if they ever get a small rebate back they'll call it a W and return contently to their frivolities.
I expect unprecedented stimmies as the spiral picks up for this reason.
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Yeah, there's a bit of a gap between the first order and second order effects, isn't there?
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Yea, the system is so complex that the line between points A and B has unpredictable turns, otherwise we could all just lever up and await Valhalla.
Best example is the fake pandemic. That had to happen to kick the monetary can for an election cycle, enabling trillions to be injected into the system to keep things solvent, all while constricting monetary velocity by shutting the economy down to slow the currency bleed.
What had to happen before they could do that? Conditions so tight we dropped to 3k before the rip to 60k.
Rough seas ahead...
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