Thanks. Good context for a very complex set of maneuvers. A lot of moving parts. Scott Bessent and Stephen Miran, plus others in the Adm, surely know what they're doing and seem to have a plan for such a major reset, but a lot can go off the rails at any moment. Nevertheless, the debt problem is so massive that urgent, maybe even reckless, action seems to be called for. We can't just keep kicking the can down the path, not if we care about our children and future progeny. Surely, if they're moving forward with such a plan they must have Trump's full understanding and commitment because he sees it as important for the same reasons, i.e the future security and prosperity of our families/descendants.
Lau - thx for bringing this to our attention. Sounds likely to me. The govt will probably use their crypto of choice to make transfer payments to welfare recipients, then Medicaid recipients and SNAP recipients, then social security recipients, and up the line to federal employees.
Saylor must be worried about his holdings and would like Mr. T to take some off his hands, with gold please! Trump is smart enough to stay in the gold game if other players try to opt out of his crypto maneuver by linking to gold.
As far as the US government’s moral capital account, it was depleted a while back and is about to get a hellacious margin call.
Fiat currencies always become worth their intrinsic value of zero and all democracies end in bankruptcy and tyranny. Making the US debt a global Ponzi scheme will push the rest of the world into another reserve currency or perhaps back to Gold. The transition from bankrupt democracies to tyranny include a culture where no honest politician is electable which is essentially now the situation in most of the western world.
Thanks. Good context for a very complex set of maneuvers. A lot of moving parts. Scott Bessent and Stephen Miran, plus others in the Adm, surely know what they're doing and seem to have a plan for such a major reset, but a lot can go off the rails at any moment. Nevertheless, the debt problem is so massive that urgent, maybe even reckless, action seems to be called for. We can't just keep kicking the can down the path, not if we care about our children and future progeny. Surely, if they're moving forward with such a plan they must have Trump's full understanding and commitment because he sees it as important for the same reasons, i.e the future security and prosperity of our families/descendants.
Outlaw gold (again) ?
Lau - thx for bringing this to our attention. Sounds likely to me. The govt will probably use their crypto of choice to make transfer payments to welfare recipients, then Medicaid recipients and SNAP recipients, then social security recipients, and up the line to federal employees.
Saylor must be worried about his holdings and would like Mr. T to take some off his hands, with gold please! Trump is smart enough to stay in the gold game if other players try to opt out of his crypto maneuver by linking to gold.
As far as the US government’s moral capital account, it was depleted a while back and is about to get a hellacious margin call.
Fiat currencies always become worth their intrinsic value of zero and all democracies end in bankruptcy and tyranny. Making the US debt a global Ponzi scheme will push the rest of the world into another reserve currency or perhaps back to Gold. The transition from bankrupt democracies to tyranny include a culture where no honest politician is electable which is essentially now the situation in most of the western world.
Anyone that has crypto, or follows crypto news knows this. XRP, and a few other stablecoins will be uitilised.
Buy now while cheap....