Trump wants the Fed to cut interest rates so the government can lower its borrowing costs. But creditors won’t lend the U.S. Govt. more money if interest rates are not high enough to generate a return that is sufficiently above inflation or dollar depreciation. It’s game over!
@VladTheInflator That's the nuance that a lot of people don't get.
What's good for America the empire/hegemon is often not what's good for America the country/people.
If you’re worried about the treasury not buying bitcoin, think about this. Now you have more time to buy. Institutions have more time to buy. When fiat finally starts to die, nation states will be coming in at the very end with the big money to infinitely print to catch up.
Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order.
In addition, Treasury is committed to exploring budget-neutral pathways to acquire more…
So let me get this straight…
All currencies are pegged to the US dollar…
but the US dollar is backed by nothing but debt…
and that debt is running out of control at an unsustainable rate.
So the entire global financial system is basically bullshit?
Got it… buy Bitcoin.
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