They will back the USD with Bitcoin after they've adequately inflated away the debt. The pegging should be pretty cheap and will cement the USD reserve status for another century at least
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And we can even pay with afterpay.
The Fed has a dilemma, almost a race, between two things as they raise rates here.
1) Raising rates generally results in tighter borrowing standards on a lag. This can reduce lending-driven money creation and lead to disinflationary demand destruction around the margins.
https://void.cat/d/LciK171UhVRj6yZuNHk2u7.webp
2) At high public debt levels, raising rates also increases federal interest expense, which increases the fiscal deficit, which is a source of ongoing inflationary stimulus into the economy.
https://void.cat/d/FX7vWUrUF4kiNidN1g5PQ3.webp
In the 1940s, inflation was fiscal-driven and public debt was high.
In the 1970s, inflation was mostly lending-driven and public debt was low.
Currently, the Fed is using a 1970s-style playbook to deal with 1940s-style fiscal-driven inflation.
The Fed wants to inflate the debt away. It's quite simple.
They're going to inflate it away and harm the little person in order to maintain the status quo. The little person should be exiting the USD. Vote with your money and don't hold dollars.
Who was the idiot at Microsoft to decide the F1 key was a good idea for the slow Help box? Then they follow that up with the idea that we should put one of the most important keys (F2) right next to it.
Turned out to be nothing new.
did you validate block 777777 on your node today? 🥳
https://pbs.twimg.com/media/FpkMrosakAMdXuU?format=jpg&name=4096x4096
Of course I did
Here's the link to anyone who wants a replacement or thinner slices!
I made an alternative bread slicer guide for the Mrs. Andersen's slicer with 1mm thinner slices.
This looks to me like a shit coin.