A “Mandibles then Bitcoin Standard” nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx special
Discussion
Oof!
I’ve always wanted my own farm
Yikes 😳
After seeing this, Dont blame me if in my small cucked 401k account, i buy some bond etf on monday.
Moodys sucks
Looking forward to a sovereign Nevada on a bitcoin standard!
Soon
I’m retired
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did you notice @ODELL zapped this note slighly less than usual
coz mustve realised mandibles actully bout to pop off fr and prob gunna need to trade them sats for more ammo real soon
What the fuck is a Moody's? Why trust this shit?
Fixed income asset managers are mandated to look at the ratings.
Meh. $37 trillion isn’t being paid back. The country is screwed without Bitcoin.
Standard and Poor's were the first downgrade US credit back in 2011, which caused some reverberation in the market. Fitch downgraded US credit in 2023, market didn't care. Moody's was the last holdout and only downgraded now, the market won't care at all.
I hope if we can onboard enough people to self custodial btc we avoid or at least soften the Mandibles part
How is this surprising?
Many years ago under different administration(s) anyone could have asked, based on whatever the then current level of U.S. national debt to GDP, what year did they think the federal government of the U.S.A. might end up at around 120 percent, ending up numerically where Greece was at in 2008 when PIMCO pulled the plug on investments? That is, when people in Greece were starving and jumping off buildings? Granted that is NOT what is happening now in many parts of the USA (though in some parts people are economically disadvantaged, starving, in communities with serious addiction problems, etc).
But my point is we didn't ask this sort of question enough. Four years ago, per Trading Economics said, “Government Debt to GDP in the United States is expected to reach 120.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Gross Federal Debt to GDP is projected to trend around 125.00 percent in 2021 and 122.00 percent in 2022, according to our econometric models.” But it turned out those figures were too optimistic! We exceeded those figures before then. Look at the money printing machine go!
The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. It's only going up from here, along with the overall M2 and the value of bitcoin.
If the U.S does not have good credit then U.S citizens should not have to worry about credit scores.