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222 sats \ 1 reply \ @Derpitor 28 Oct 2022 freebie
This is just the tip of the iceberg.
The debt spiral is out of control and the only way to mitigate it is to default and reset or inflate it to manageable levels. There is simply no other alternative. The math checks out.
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30 sats \ 0 replies \ @faithandcredit 28 Oct 2022
Yes. It will soon be too late to buy bitcoin because it will go up so damn fast. And its going to be scary. So strap yourselves in.
Just kidding.
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25 sats \ 0 replies \ @chungkingexpress 28 Oct 2022
Print money to fix money printing. Checks out.
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30 sats \ 3 replies \ @nout 28 Oct 2022
That's still not the big one... When we get to trillion level internationally, that's where the run starts.
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30 sats \ 2 replies \ @_b_o_n_e_s_ 29 Oct 2022
1 Trillion level for which metric?
I just read this morning that interest payments on US debt are now approaching 1 Trillion, the same as military budget. US is just one country (sure biggest economy) but what specifically about 1 Trillion?
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25 sats \ 1 reply \ @nout 29 Oct 2022
I'm looking at some form of policy adjustment resulting in 2-3 trillion "base" money print (quantitative easing, curve control, "relief package", ... something of that nature).
And frankly this "threshold" is based on what I gathered from various podcasts (Preston Pysh, Lyn Alden, etc), I'm not that smart.
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25 sats \ 0 replies \ @_b_o_n_e_s_ 29 Oct 2022
Sorry if came across rude! I'm definitely no expert on this stuff either!
I see what you’re saying now and that does make sense. I think I’ll go look for some Preston podcasts and give them a relisten
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