Oddbean

Fiat Ponzi scheme (US edition) $6 trillion — That’s the amount of US bonds that will mature over the next year. But guess what? America cannot pay that amount! So, it will issue new bonds to pay back those old bonds! It’s like you borrow from MasterCard to pay Visa! But here’s the catch: The old bonds had yields of about 1%, while the new ones will be 5% or more! USA is caught in a spiralling debt vortex. And as dedollarization gains momentum, the demand for dollar and US debt will plunge… which means higher yields for US bonds. Resulting Hyperinflation. Buy Bitcoin 🤜🤛

Well said Iefan. If one dollar bill is 0.11 millimeter thick, then ~3.5 trillion stacked dollar bills represent the average distance from the Earth to the Moon. (~385,000 km). By this measure, 6 trillion represents 1.7 times the distance between the Earth and the Moon.

While I think the mechanism that leads to hyperinflation as descried here is basically true, I also think that the current Fascist Corporatist mega-States of the northern hemisphere of the world are very different to the relatively limited states of the XIX and XX centuries, and of most of the southern hemisphere. My point being, I think it's not completely out of the power of Corporatist regimes like the US or the EU to come up with and enforce new mechanisms to keep up with the musical chairs for longer. Eternal debasement and enslavement for everybody, while the "stakeholders" (to use the WEF's own terminology) of the Corporate State keep profiting. I think we are in a completely new socioeconomic and political regime, world-wide, and the previous knowledge may not entirely apply to the kind of absolute aberrations we are yet to see. nostr:nevent1qqs95c5neu04sawdzyn5mkmsnkzs5xq0wdxm5sph6jpzpqhpu52pdmcpz3mhxue69uhhyetvv9ukzcnvv5hx7un89uq3uamnwvaz7tmwdaehgu3dwp6kytnhv4kxcmmjv3jhytnwv46z7qgwwaehxw309ahx7uewd3hkctcpzpmhxue69uhk2tnwdaejumr0dshsz9thwden5te0wfjkccte9ehx7um5wghxyee0qyghwumn8ghj7mn0wd68ytnhd9hx2tcpzamhxue69uhky6t5vdhkjmn9wgh8xmmrd9skctcpzfmhxue69uhkummnw3e82efwvdhk6tcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9nhwden5te0vaex2etwwdhh2mpwwdcxzcm99u82yr0m

Yes, but never underestimate the system ability to fuck everything up in order to save itself for little longer. A lot of people spent decades waiting for THE collapse while just getting grumpier and grumpier. It's a trap (which I don't say you are falling into) and it is great that bitcoiners mostly take the "we build a better system in parallel and you do you" way.