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11/04/21 5:22 PM

#96430 RE: Jimzin #96428

See here.
https://coingeek.com/bitcoin-genesis-block-constructed-11-years-ago-today/
The article implies that there is excessive debt. Which imples that industrial production is at and end. Thats my take. Thats why.. the need for more bailouts are required. So before 2000's corporations ran production process and therefore credit and credit expansion. And so now
Corporations have largly abandond productions or limited production to raw
materials in the American continent and has limited credit avilable to their people thru their only asset(s) RE and commodities in the US. This applies to The American continent its banking sector...also Western Europe. It imples central banking could be at an end thru bloated Debt. Thats the point..Ultra Rich refuse to pay any taxes at all. So there's the hole. They think they can't loose ..the ultimate winning play or hand "We pay no taxes"[/b]..so they think. Enter the new Credit providers. Enter Bitcoin. Its initial feature was no tax on what one buys or sells..That was the premise.
It will be interesting to get a gander on what we'll be using as a possible replacements to dollars. Now does the present credit system work. Clearly not all we have supposedly is RE.
But does Bitcoin work..? No real taxes being collected to support the Bitcoin system. No balance sheet to check Gains and losses. Thats why??
Damn if you do Damn if you don't.