Thinking about this Fiscal Dominance paper, unabating inflation, and this graph nostr:note15s83293azxctudeudm74z8d26grhhpfef635y40pykfkd5wwcyxqvudxq8

We are closer to the end game of fiat than people realise. No central bank nor government has the tools to fix any of this anymore.

They tighten and it drives the people with money to spend more, snapping up the poors at the bottom forced out because they’re liquid or willing to take on long term debt they can afford.

They loosen and it drives the people with money to spend more getting it out of cash whilst fucking the poors simultaneously.

On top of that the central planner’s window is tiny given the debt levels, it’s like Austin Powers trying to U-turn in the hallway - that “fastest rate hike in history” over 12 months is going to look like ant policy when shit starts really moving.

This is the debt death spiral, circling the drain and it’s gonna go round and round real fast until shit breaks beyond repair.

I’m less interested in the fiat price of Bitcoin at that point and more interested in social stability and being somewhere that isn’t caught up in daily policy changes, capital controls, money printing etc.

How are people going to react to an overnight debasement of their money? To new laws restricting capital flows? To new massive stimulus packages followed shortly by new massive austerity packages? New governments every 12 then 6 months? Then no elections?

Shit is gonna get real when the money breaks in a way none of us have ever experienced because this will flow globally. nostr:note1z8nly9ultztt3cznt2zs4d0swae08l0jv6pxple00mhd76yxe8rsxmcznv