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75 sats \ 5 replies \ @grayruby 26 Jul \ on: Why Not Just Cancel All The Debt? econ
That would be an extreme default and probably collapse the global financial system.
How about we just back the USD and US Treasury market with Bitcoin instead?
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50 sats \ 4 replies \ @Undisciplined OP 26 Jul
We know this story ends with some form of default, most likely it'll be a soft devaluation default.
I'm all for ripping the bandaid off now, but if they want to start with what's owed to adversaries that would be fine.
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21 sats \ 3 replies \ @grayruby 26 Jul
Didn't you read the Mandibles?
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40 sats \ 2 replies \ @Undisciplined OP 26 Jul
No
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42 sats \ 1 reply \ @grayruby 26 Jul
You should read it. It's a fictional story more than a prognostication but it's quite good and it will give you at least one perspective of a world where the US defaults on its debt and the rest of the world won't take the USD.
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50 sats \ 0 replies \ @Undisciplined OP 26 Jul
Will do, but I still have 8.5 Wheel of Time books to get through.
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