The real question is why do Americans own less than 50% of their own currency?
How did we let all the Fed liquidity created out of nothing end up primarily in foreign hands?
And most importantly, why isn’t it a national security issue that a rival power(s) possesses sufficient share of the global reserve currency to meaningfully manipulate markets, and even worse, to meaningfully attack it when they decide the time is right?
I haven't thought this through thoroughly enough to have a definitive answer tbh.
I think it's the way the world _should_ work in my opinion, or the way I want it to work, but I'm also very conscious of the fact that we are little flatlanders operating in our realm of an existence that contains dimensions higher than us and which we can't begin to understand.
I see the inconsistency set in OP similar to how I view modern physics. Relativity and Quantum theories are helpful and descriptive in differing scales and instances, just like both premises above describe cross-sections of reality.
But they can't both be true together which is a recurring pattern in the history of science when in fact there is a new paradigm to be discovered eventually that eliminates the preceding incoherence and tension.
When this happens, in retrospect the previous theories and era that centered their worldview around them are often looked back on sympathetically and smugly like you would a developing child.
"Ah those silly humans back then, they actually believed x, y, z about the world." But for them at that point in time it was the best explanation they'd come up with. And almost assuredly it existed in incongruence with one of their other major premises too.
Until a new discovery comes along and a new paradigm emerges. Almost every era has gone through this same progression.
Please hide away a tank for me before they are all gone #[2] !! 😱 
1.) Roughly half of all US Dollar Deposits in circulation are held by foreign entities in foreign Banks 🔴
2.) Roughly 20% of all US Domestic US Bank Deposits reside in accounts owned by foreign entities and individuals 🔵🟡
3.) Only 32% of all US Dollar deposits in circulation, roughly $9.4 Trillion, are owned by US Entities and individuals, and held in Domestic US Banks 🟢
Not really what I was saying; economic growth through technological progress is awesome, but as you mention the expectation of every public company is that it must always grow, beat last quarter’s numbers, etc without any regard to the first rule of economics - that scarcity is real and informs everything else that happens in the world as a result.
No amount of profit is ‘enough’, no amount of production is what’s best for the world, no market share or TAM is ‘sufficient’ - there always has to be more, it just is what it is. Even tho it’s known at some point that at some point this has to end when resources run out.
It’s just interesting as a foundational principle built on top of the opposite axiom in this example.
For the fiat example, it’s more glaring imo because fiat is perhaps one of the only things that actually disproves the other principle in the opposite manner.
Fiat definitionally is not scarce, rather it is infinitely summonable into the world on a whim, which is why the system collapses the second that it stops expanding.
Perpetual growth is literally the expectation for every listed participant of equity markets.
And just like any other ponzi, it's openly admitted that monetary systems and even national economies must grow in perpetuity or else collapses from a death spiral.
That why things like government spending, national debt, etc must increase to successive orders of magnitude to cover up the deficiencies and systemic graft of the ponzi - millions to billions to now trillions.
The charade progresses indefinitely until confidence is lost and the music stops suddenly. It's the same process over and over again in fiat countries all around the world.
what's the POS software?
We really need to get the fanatical environmentalists to go from anti-humanism to save the planet to anti-fiat to save the planet.
The individual foundational premises of Economics and Fiat Money - ‘scarcity of resources’ and ‘perpetual infinite growth’ - are obviously incompatible.
Using formal logic, any simple argument with conflicting premises is a priori rejected as invalid.
Yet for some reason for 100 years the masses have barely questioned / just accepted the current global construct.
I missed this when it came out 10 years ago, only came across it during the pandemic. In case you’ve never heard: https://open.spotify.com/album/7JUhl8nHvMEQ8lntc05IzB?si=QheH6w30Sx-s_72zc7VBTA
Actually I probably have Tell All Your Friends above Where You Want To Be, but barely.
This and Deja Entendu are top 10 most listened albums, of course.
Cash App always instant.
Coinbase ACH usually take 3 days to settle iirc.
The history of the United States is the history of its monetary policy.
There's a reason Old Hickory is singularly slandered by the mainstream. He was fiat woke.
Silvergate Exchange Network, essentially the same as SigNet which both let crypto companies move fiat and settle between each other 24/7.
Both got chokepoint’d. The successor will need to be a consortium that all speak the monetary language of Lightning.
After we build a decentralized SEN, and simultaneously get all the major LPs to adopt lightning, then liquidity and settlement will be solved forever.
After we build a decentralized SEN, and simultaneously get all the major LPs to adopt lightning, then liquidity and settlement will be solved forever.