Reminder that lowering interest rates doesn’t fix a solvency crisis. In time - that “fix” is still coming. #Bitcoin #nostr
Is it Ragnarok now?
That’s a good poem.
They’re going to try it with wealth and unrealized gains taxes, which is basically asset seizure.
IT’S TOO BAD THAT SO MANY ARE STILL UNDER THE SPELL OF THE FIAT ECONOMY… EVERY CYCLE THE PAIN PUSHES MORE AND MORE OUT AND THANKFULLY THERE IS BITCOIN WELCOMING THEM ALL WITH OPEN ARMS :)
I always have to laugh about that Dual Mandate show. Entrepreneurs create jobs. The Fed only tweaks the rate of dollar debasement.
Entrepeneurs eliminate jobs
Cuts just in time for election??
Maybe I'm not thinking about this correctly, but when the Fed can simply monetize the debt, I'm not sure the issue is solvency. I'd think of it more as an inflation crises, resulting from the monetization ... which lowering interest rates doesn't fix either.
Jeff, won’t the government keep printing money to pay the debt or restructure the debt? They’ll do everything to avoid giving up control 🤷♀️ What is that fix?
The government will be forced to become smaller, more efficient, and serve the people instead of preying on them because bitcoin doesn’t care (assuming it stays decentralized and secure) how many pieces of paper they print to pretend prices go up. (As long as you’re measuring from Bitcoin)
Thanks Jeff. I appreciate you clarifying that. #Bitcoin will stay decentralized and secure, right? 🤩
Up to all of us and our words, thoughts and actions. We, through those actions literally manifest the world we reside in. But to simplify, yes because we are all Satoshi. (Even Craig wright in a perverse way. because he demonstrated to so many people what happens when you try to cheat an honest network)