Replying to Avatar BTC_P2P

The US treasury is accumulating so much debt that it is trashing the validity dollar even if the Fed isn’t creating base money at the moment.

Anyone who can do third grade arithmetic can also figure that the US can’t repay its debts in any scenario. Most other nation states are in a similar predicament, but they’re not the global reserve currency.

Back a handful of years all of the progressive cucks would claim if the gubmint would just scale back defense “spending” then the US would *basically* be solvent (lol)

With US interest expenses now rivaling defense spending and growing parabolically, the rest of the world is losing the last vestiges of confidence they had in the US fiat system.

US soft default in progress - maybe in the first third of complete debt devaluation.

Gold and #Bitcoin know…

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deleted 2y ago

Defense, while i disagree with our imperialist pursuits, is arguably one of the few things that can be justified as being centralized in a federation...especially when rival imperialist military superpowers exist . Everything else should be wound down if we give a fk about our childrens futures.

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BTC_P2P 2y ago

Yeah in the game theoretics of centralized nations or kingdoms militaries are necessary. At least insofar as self-defense of one group from the other most powerful / proximal groups.

But the US literally has 700+ bases globally to exert PoW on implicit subjects. I think a high-quality isolationist / defense-force would be an order of magnitude cheaper and a much more respectable / defensible system. But then the US couldn’t meddle nearly as effectively.

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deleted 2y ago

💯