i know history well. The thing is there is nothing on horizon that can change that. Until it materialises USD is supreme.
Theory the price of Bitcoin is being propped up— academic who proved manipulation in 2017
- Thread starter ph1l
- Start date
i know history well. The thing is there is nothing on horizon that can change that. Until it materialises USD is supreme.
i meant BTC is not a fraud. Its current price is biggest financial fraud the world has ever seen.
And a federal gubmint that prints and spends all the money it wants to plus the fractional banking system that creates even more out of thin air.
once again, USD is reverse currency, with nothing on horizon to challenge it. That is why Fed gets away with that.
So it has a different standard to meet than BTCUSD?
Can you indicate the tipping point where if it occurs then you will know?
To this day, Goldman is always getting in trouble for market manipulation with gold, etc. I don't think there's been a single year this doesn't happen. Now I am wondering, is there ANY commodity that hasn't been propped up at some point? Any one at all?
130% debt to GDP, and the US operates on a deficit so the debt will keep on growing in perpetuity, debt ceiling just got hit, but there's no ceiling, it's only make believe to continue the con(fidence) game
Military power? Yea, I suppose the US can invade Canada and start selling off their natural resources, it worked well for Russia
or maybe remind Japan of Hiroshima so they can double their fiat printing capacity to not only buy JGB but also US Treasuries
US $ reserve currency? Yea, that's going well, after all, it's a ponzi, the US keeps borrowing more to pay existing debt and fill the gap in the budget deficit, what could go wrong? As Amazon used to say, you make it up in volume, issue more debt, that's the name of the game, fiat debt-based monetary system
If anything goes wrong and the confidence in the US $ goes south, it can always devalue like what happened in the Asian crisis or in Lebanon recently
Of course there's always the bail-in approach, all money in the banks and financial system gets a haircut maybe pay some of the >$30 Trillion debt
All good things for the future value of the US $ as a global reserve currency with the strongest buying power
The problem is, we can't even count on that. Historically speaking, it would end up as bad as Russia's botched invasion of the Ukraine (probably worse).
The last time the US tried to invade Canada, they had a 10-to-1 advantage, and still botched that up horribly. In the end, the Red-Coats marched right down to the U.S. Capital (after we were done spanking the French), and burnt it to the ground.
You are quite correct on what Russia did to the satellite regions, etc. Ukrainians absolutely hated Russians when Stalin was in power. Basically, he forced them into starvation so that Moscow could boast on all their 'cool shit' they now had. So much so, many Ukrainians defected to Germany in the second world war, and half of them who stayed refused to fight for the communists. And now, it seems Ukrainians hate Russians just the same with Putin around.
