You know something funny? Remember all the controversy about the US Treasury minting a $1 Trillion coin?

Well now the situation is so bad, that if they did that, it would have virtually no effect 🤣. It would “fund” the deficit for like 3 months and then they’d have to do it again.

The people who think the govt is the solution to anything baffle me.


Apparently the govt is the solution to the continued existence of the govt.


You mean they had a bad idea and they didn't call themselves out on it? I think they should do it. Hell, mint 30-40 of them. Problem solved.


As if they wouldn't spend an extra 2 trillion even with  $1 trillion coin anyways.


Funny, but kinda scary. 😱


I find most fascinating the fact that tho we were all born as frogs into the slowly boiling fiat pot,
some were of us have been blessed to gtfo while so many are, so far, absolutely unable
to see the problem.
What is that spark that some of us get to understand both the problem and the solution, while others appear unable to grasp either the problem and/or the solution?


Money is made up. Post-Keynesian economics ftw.


They have to at least print $1T/year to service the $33T debt

https://m.primal.net/HPhJ.png


Challenge accepted!


stubborn refusal to accept bullshit.

better to be right and alone than know it's wrong and get punished with them for lack of courage.

the hard part is that being alone is often very taxing economically.


The answer is simple. The Quadrillion dollar coin.


The most amazing / unsurprising thing is that they've changed NOTHING.
"Hey, our behavior has burdened future generations of (other peoples) children with a trillion dollars of debt. What should we do?"
"Let's just keep doing the same things!"...
"Hey, our behavior has burdened future generations of (other peoples) children with five trillion dollars of debt. What should we do?"
"Let's just keep doing the same things!"...
"Hey, our behavior has burdened future generations of (other peoples) children with ten trillion dollars of debt. What should we do?"
"Let's just keep doing the same things!"...
"Hey, our behavior has burdened future generations of (other peoples) children with a twenty trillion dollars of debt. What should we do?"
"Let's just keep doing the same things!"...
...


What's interesting to me is how far out of known shores we are. In metaphorical terms we have not just lost sight of land, historical reference, we have entered a wormhole and landed in an ocean on an alien world.

No other civilization on record, has created this much debt, for this many people, this wide accross the planet. Add technology, digital, bitcoin, communications, ai. Add shifting political lines and powers. Add entrenched legacy systems, laws and justifications for things like borders, race, language, that seem anachonistic in comparison to the connections and distributions available.

An example: Several people have suggested that power is shifting to the east. Russia/China/India will be the new Canada/U.s/Mexico of the east. But what language will these new powers have to do all this in ? The suggestion of anything but English would start a fight. When the Romans took over Greek power, Latin became dominant throughtout. Not Greek.

A.i Translation means , there will likely not be a new dominant language. Everyone can conduct business in their own language, or refer to English. Even in a shared power structure with the east.

A new language may emerge FROM that state of affairs, but the difference is in organic emergence versus forced adoption/assimilation.

To say uncharted is an understatement.

Mindfullness is extremely important.
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Ya... 1 trillion dollar coins for all! What could possibly go wrong....


I think you need to be in pain when you’re first introduced.


Make that around 5x in the next two years; there's a lot of TSY paper coming due in 2024 and 2025.


print n mint, shake n bake


If by controversy you mean song, then yes. #YESTR

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The price of platinum would skyrocket 😆


I’m still praying they do it for the memes and clown world commentary. And it better be Janet Yellens face on the obverse 😂😂😂😂


GM
nostr:nevent1qqs0xwrejm4ap2xxgghq240k567dug9u855d4lzf0evd00arkv3mtqgpzpmhxue69uhkummnw3ezuamfdejsyg9euaj5dwsxg4hdxqweu54uf8ay3ec2d0ezs2l85xh899rkzgprmspsgqqqqqqsuv02hq


You know something funny? Remember all the controversy about the US Treasury minting a $1 Trillion coin?

Well now the situation is so bad, that if they did that, it would have virtually no effect 🤣. It would “fund” the deficit for like 3 months and then they’d have to do it again.

The people who think the govt is the solution to anything baffle me.