So how does this work? Does the us print treasuries for 35 trillion more to buy bitcoin and then pay the debt off by selling the bitcoin to the bankers?
Why / would the note holders accept bitcoin as payment?
Meanwhile the US is another 35 trillion in debt? How is the interest paid off?
I am not an accountant but this seems like an impossibility to me
Follow the “logic”. What happens?
To begin with all this debt has interest, of which, the money to pay that interest cannot ever be created/earned/exist
GM Huxley Enthusiasts
By means of ever more effective methods of mind-manipulation, the democracies will change their nature; the quaint old forms — elections, parliaments, Supreme Courts and all the rest — will remain. The underlying substance will be a new kind of non-violent totalitarianism. All the traditional names, all the hallowed slogans will remain exactly what they were in the good old days. Democracy and freedom will be the theme of every broadcast and editorial — but democracy and freedom in a strictly Pickwickian sense. Meanwhile the ruling oligarchy and its highly trained elite of soldiers, policemen, thought-manufacturers and mind-manipulators will quietly run the show as they see fit.
- Huxley, Brave New World Revisited
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