"Now I know they're never gonna pay the bond. Or if they do, they're gonna pay it by issuing another one."
Our money is built on this ponzi scheme of bonds that requires new buyers to pay out the old buyers. It's no wonder our money is broken.
#America #USA #USD #Bitcoin
https://video.nostr.build/aa09114ca2a1da4554571bc41f093d7139deafb06cebc4aecfaf7aadcfbf6221.mp4
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T-bills are given out in US dollars. The private central bank, the #federalReserve, prints out of thin air -- US dollars. So the debt will *always* be paid.
Nominally, yes, they will be paid. But the paper you receive may be worthless.
True, I'm going to amp the signal on this one:
As feeble dollars continue their ever-depreciating spiral towards worthlessness, the aftermath of a currency collapse wreaks chaos upon unfortunate currency holders.
Thank Satoshi for #Bitcoin 🙏
It was based on gold, but they didn't want us having gold so they took out gold away, now they want our bitcoins too but we won't let them take it!
I love that the people who call bitcoin a scam run this joke of a system. Be open minded to criticism, but consider the source and their incentives too.
He basically describing a ponzi scheme.
Yah, quite literally 😂
I am more and more thankful for #bitcoin every day
#America in self-diatruction mode - How to distroy your country in 3 simple steps:
1) spend more than you make,
2) borrow some more
3) send them to #Ukraine and #Israel.
Optional: waging endless unjust wars isn't a bad option either... You get the idea.
Great clip. Oof
The mental gymnastics required to describe that we owe money to China and not a private entity called the federal reserve.
The dishonesty to not clarify that the federal reserve owes money to no one and that THEY are the lenders.
I feel like Neo in the matrix.
US is in spiraling down a debt hole getting deeper each day
Why everyone gets so surprised on this .. currencies are meant to provide credit, goodies and subsidies to its participants .. currency is valid and good as long as people belive in the ability of the issuer .. in this case USD cuz people belive in USA ; in case of Apple it is a $aapl and people buy aapl ( just as they buy TBills ) ;
Store of value ( Gold or BTC) on the other hand is something that is permission less and censor resistant. It stores "value" through real physical work commensurate to its value.
Currencies may or may not be pegged to store of values .. it's totally upto issuer and approved KYCed participants. For the record USD is the best currency out there . That said , currencies are by definition short lived because they are dependent on the health of their issuers ; whereas a store of value is for ever .. backward compatible .. because it has work built into it .
Vote for better money. Buy how?? Is this movement aimed at gathering support for a particular potential President?
No, the goal of the campaign is to show Americans that a politician won't fix our problems, but better money will.
You can learn more here: https://voteforbetter.money/
Perfect! Yup that is my understanding. .. Getting some form of utxo ownership to ~8 billion ppl seems a way off though :(..
An uncle Jim model seems the best way, so far..
What do you see as a potential solution here?
I think more scalability solutions will be created when they are needed.
It can be hard to build for a future that doesn't exist yet. But nothing gets devs building like a full mempool with high fees!
Love the clip but fuck Dave Ramsey. Guy hates bitcoin.
Yah he's a joker when it comes to Bitcoin
It's cute that he thinks it's mathematically possible to pay off the national debt 😂
