Get it through your head, those of you waiting for a debt crisis will die waiting.
The system was created to run on debt, money itself is debt, the more debt the more the system is entrenched, why would a debt crisis happen?
The system will fail because people will opt for hard money, money that is not debt, like Bitcoin, but it will not fail because of the amount of debt, the system is designed to grow debt.
The system is designed for people to voluntarily surrender their power to a few.
I wouldn't put an engineered debt crisis off the table. They need a plausible reason to print like crazy
Yes I'm aware this means creating more debt..
I view it the same way. The system lurches between liquidity injections and liquidity crises. We’re in an induced liquidity crisis now. They’ll inject more liquidity soon.
I came to a similar realisation a while back
I think he might be right...
nostr:nevent1qqswxv603d48yy9lf4srkrvxwcnk943eunpql3d7dw6h4ra96jftq2cpz9mhxue69uhkummnw3ezuamfdejj7q3qlnms53w04qt742qnhxag5d6awy7nz6055flnmjkr6jg39hm86dlqxpqqqqqqz6rlvfy
You just might not be wrong.
❤️
The only way to sustain more and more debt is to devalue the worlds currencies...and this leads to failing of those currencies, thus failing of the system. All debt based systems failed sooner or later. It is nothing new in human History. Rome failed with Inflation and welfare and a few other Things. It all repeats until we get to hard Money that Sticks and does Not get corrupted Like gold. I Hope Bitcoin will be that hard Money we need so desperately.
I predict we will be hearing a lot more about “Fiscal Dominance” over the next 4 years in a run up to the great dollar reset.
Fiscal dominance
Fiscal dominance refers to a situation where a country’s debt and deficit levels are so high that monetary policy becomes ineffective in controlling inflation. In this condition, fiscal policy, rather than monetary policy, dominates inflationary outcomes.
Oddbean new post about login | logout