Hey @unknown have you read "Making Money"?
I love that Pratchett was trying to make fun of Ludwig von Mises with Moist von Lipwig, but actually ended admiring him as he learnt more about him...
Nothing stops this train.
This debt will not be repaid. Either through inflation or default, holders of US debt will not be repaid in full. The only question is when.
Bondholders are just playing musical chairs.
Use the Bitcoin ATH as motivation. Do something useful with it:
-Learn self-custody
-Learn privacy
-Learn to use a DEX
-Secure your cold storage
-Spend some bitcoin
-Zap sats
-Learn to run a node
Take this opportunity to celebrate, but also to do something productive to become a better bitcoiner.
Japan's situation has been deteriorating for 20 years... but it looks like we've reached a point of acceleration in the bond market. This might actually blow up soon!
You can't pay 2% interest with 240% debt/gdp, no growth and rising inflation.
The idea that a couple of people or a small committee can change the meaning of a word used daily by millions is the most fiat thing I've heard in a while.
No me olvido de #hispano
¡Pido ayuda a los argentinos, cubanos y venezolanos con imaginación que haya por aquí para ayudarme a inventar nombres en español!
Premiaré con zaps las mejores ideas ;-)