US SEC accepts six spot bitcoin ETF proposals for review

[Overnight]

goldman sachs

I hear it's the place to be if you're in finance.

 

[jbusse]

There was always a reason why a currency lost value. The British pound greatly lost in value, namely because the British empire turned into a failed state that even exited the EU and now begs to be let in again. Has nothing to do with the fiat financial system whatsoever. In fact, the devaluation ensured that the currency was priced correctly, purely based on demand and supply. Same with the US dollar, the reason so much is printed is because so much is demanded. The abuse by politians to finance their ridiculous spending programs has zero bearing on the validity of the fiat monetary system.

Politicians can't abuse the fiat system indefinitely. At some point, the government won't be able to afford the interest expense on federal debt. That's a big problem with fiat, it relies on the government not overspending too much. At $32T, U.S. government debt is reaching a point where interest expense is problematic, especially given the sharp increase in interest rates.

 

[The_Krakenite]

Don't worry about it... America has one last card up its sleeve. They can try to do the same thing Greece politicians did. When you can't afford your debt interest payments anymore... just find another gullible liberal-apologist sucker like the European Union, and unload all of your problems on them to deal with

 

[M.W.]

Worked out pretty well, would you not say? I remember as teenager when I lived in Europe that many parts of Portugal, Spain, Greece, Yugoslavia were severely impoverished and in dire need of funding and new ideas. That worked out fantastically well. Sometimes you gotta force the rest to play part in a long term plan that benefits all. No wars in the past 60 years while the US is declaring war with one country after another and wastes the majority of its budget on military spending.

Don't worry about it... America has one last card up its sleeve. They can try to do the same thing Greece politicians did. When you can't afford your debt interest payments anymore... just find another gullible liberal-apologist sucker like the European Union, and unload all of your problems on them to deal with