Random factoid:
For most businesses and--especially--governments, #debt isn't paid off, it is rolled forward.
Paying off debt is counterproductive and actually injurious to a credit-based, Keynesian economic system.
It is not the goal, and it never has been... despite the rhetoric.
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As an aside, things will function very differently once #Bitcoin inevitably becomes the global reserve asset and global reserve currency over the coming decades.
Also I guess it is not possible to pay all debt as it includes interest which is not created at all.
And most individuals?
Civilization is based on savings. The future will be more civilized.
Yeah in capital market it’s all about maximizing leverage. It’s mind blowing but fortune were made using leverage…
If you can setup an isda with a dealer you are golden.
Collateral and liquidity is what drives the capital market. It’s all built on a house of cards.
Hi Jeff, what do you recommend a corporate bitcoin treasury does this year as the fiat price raises before falling? Should they try to play the timing the market game or just hold on? Thanks
Inflation isn’t a bug it’s a feature for the govt
