How does 100% inflation and elections in Argentina affect the US?

Will the US become the next Argentina?

  • Yes

    Votes: 4 30.8%

  • No

    Votes: 8 61.5%

  • Don't care

    Votes: 1 7.7%
  • Total voters
    13
A better poll question is whether Argentina will become the next Zimbabwe. South Africa is well on its way to becoming the next Zimbabwe. Just wait for the rest of the Afrikaans farmers to get booted/killed.
 
All countries will be shifting to Bitcoin eventually. They won't have a choice once they print their own money into oblivion.

Also, time to bring a consumption tax and get rid of income tax entirely.
 
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wxytrader said:
All countries will be shifting to Bitcoin eventually. They won't have a choice once they print their own money into oblivion.

Also, time to bring a consumption tax and get rid of income tax entirely.
More...
There will be no rush of nations to adopt bitcoin as their unit of account, nor will very many nations print their own money into oblivion. Remarks such as these completely misunderstand the nature of modern Fiat money and of Bitcoin.

No doubt you are one that believes nations must operate according to their income and "live within their means", just as you and I must. Most people believe as you do. They understand that the government must pay for the things it wants by raising money through taxes. And if its spending exceeds its income, it must borrow the difference from the private sector/ If we borrow too much, we will saddle our grand children with a great debt that can never be paid off.

All of this thinking is profoundly wrong. Government finances are nothing like an individuals finances. Government does have constraints it must operate under, but their is no relationship between the constraints that guide our personal handling of money and the constraints good government must operate under.
 
piezoe said:
There will be no rush of nations to adopt bitcoin as their unit of account, nor will very many nations print their own money into oblivion. Remarks such as these completely misunderstand the nature of modern Fiat money and of Bitcoin.

No doubt you are one that believes nations must operate according to their income and "live within their means", just as you and I must. Most people believe as you do. They understand that the government must pay for the things it wants by raising money through taxes. And if its spending exceeds its income, it must borrow the difference from the private sector/ If we borrow too much, we will saddle our grand children with a great debt that can never be paid off.

All of this thinking is profoundly wrong. Government finances are nothing like an individuals finances. Government does have constraints it must operate under, but their is no relationship between the constraints that guide our personal handling of money and the constraints good government must operate under.
More...
You offer no proof that government constraints are differ from personal constraints.
 
piezoe said:
There will be no rush of nations to adopt bitcoin as their unit of account, nor will very many nations print their own money into oblivion. Remarks such as these completely misunderstand the nature of modern Fiat money and of Bitcoin.

No doubt you are one that believes nations must operate according to their income and "live within their means", just as you and I must. Most people believe as you do. They understand that the government must pay for the things it wants by raising money through taxes. And if its spending exceeds its income, it must borrow the difference from the private sector/ If we borrow too much, we will saddle our grand children with a great debt that can never be paid off.

All of this thinking is profoundly wrong. Government finances are nothing like an individuals finances. Government does have constraints it must operate under, but their is no relationship between the constraints that guide our personal handling of money and the constraints good government must operate under.
More...

What constraints? They raise taxes and print money if they run out. Eventually they will reach hyper inflation and bitcoin will become the defacto currency.
 
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zdreg said:
You offer no proof that government constraints are differ from personal constraints.
More...
That's right. I have no time for it at the moment, especially when it's been offered by so many others. It's difficult for us to change our long held beliefs. It seems it took nearly a decade after it was known that ~90% of ulcers were caused by helicobacter pylori for practitioners to start treating their ulcer patients with antibiotics.
 
wxytrader said:
What constraints? They raise taxes and print money if they run out. Eventually they will reach hyper inflation and bitcoin will become the defacto currency.
More...
Your opinion is duly noted, however the jury is already in.
 
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