pull down to refresh
34 sats \ 4 replies \ @SwearyDoctor 13 Jul \ parent \ on: Debt spiral is coming bitcoin
No chance of hyperinflation -as long as- the dollar easily dissolves in every corner of the world. This is my point: this won't last forever.
Reserve currencies have cycles, and they eventually fail; and thatusually goes along with a rebellion against the hyperexploitation that goes along with being forced into a reserve currency which, as I said, provides the issuer with a free lunch - but that's only true IF that reserve currency is a fiat currency.
That's obviously different with gold, or bitcoin, which is important to keep in mind for the future.
USA debt to GDP ratio has never been this high
Including World War Two
reply
meanwhile, look at Russia's debt to reserves
reply
Would it be due to massive purchases of gold? I think another thing that is adding fuel to the fire is that the United States confiscated a lot of money from the Russians and now the other countries that have bonds see how unfair the system is if you do not agree with the owners.
reply
It will not last forever as well explained, I think that starting in 2020 humanity peaked and now it is time to pay the bills with emissions.
reply