Oh. Then you're apparently insane.
Ending the Deficit
- Thread starter zdreg
- Start date
This is one reason Taxing appropriately is so very important to long term stability. Progressive taxation has broken down in the U.S. for purely political reasons. "Most hyperinflations are the result of a breakdown in the tax system." --- L.Randall Wray(SEMAFOR) 5/16/24
US’ overwhelming debt load
The US spent more servicing the interest on its debt over the past seven months than it did on national defense or health care for the elderly — and more than education, support for military veterans, and transportation combined. The figures were highlighted by a bipartisan Washington, DC, think tank, which noted that interest payments were the fastest-growing part of the US federal budget, and based on current trends would form the largest single line item by 2051. The US’ mammoth debt burden is increasingly a threat to its superpower status, experts say: “Any great power that spends more on debt service … than on defense,” the historian Niall Ferguson wrote, “will not stay great for very long.”
The U.S. is still long ways off from hyperinflation, but "predictions are hard, especially about the future."
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I just love how everyone who can at least see there is a problem with the current system continues to want to use a system that the government can manipulate at will.
Imagine being a slave and fighting for a different slave owner instead of real freedom.
I know.....
The U.S. is still long ways off from hyperinflation, but "predictions are hard, especially about the future."
"There will be no hyperinflation in the Western Democracy's for the foreseeable future."
I doubt you'd be happy with a government that doesn't have control of the money it supplies to its own "system".
Give the guy a break. He's currently traveling in a tunnel.
It's funny how you think a government having control over the money is good for you.
Am I to understand that you're now hating Bitcoin outside of it being just a trading vehicle?Give the guy a break. He's currently traveling in a tunnel.
Lighten up, bro. I was only kidding.
That said, I'm a big believer of Blockchain technology (I've said this many times in the past). What I'm against is the rampant speculation and especially the specious arguments in support of Bitcoin's price projection. Nobody knows for sure where Bitcoin will be in the future, and yet they talk (and so damn arrogantly) as if it has already reached $1M or higher (I even read $5M the other day). It bears repeating that throughout my entire trading career, I've NEVER seen more pompous and greedy folks (literally, in-your-face) than those who invest in BTC. You're about the only exception, might I add. At least for you, Bitcoin ain't all about money.
What is your time horizon?