SHIBARIUM IS COMING! RT! GREAT POST! Another interesting point about the debt ceiling and defaults, BANKS. Everytime you take out a loan, they use it as collateral on their own loans. That's also the difference between the 2008 collapse and now. Banks were not ready for that many customer defaults. So they in turn, default. Considering anyone could get a loan for whatever the hell they wanted. Stupid. They've taken federal precautions since then but clearly no bank has the cash to cover every physical deposit and equal loan. An investment is not liquid. Only cash. FDIC INSURED MY A$$! Now, banks can't cover the withdrawals. So the bank defaults yet again. Every deposit, is collateral. In the case of SVB, well, you get mass withdrawals. They literally didn't have the cash to cover it. It's all so funny to me. Either way, Web3 is here to stay. So is Shib. There is no threat to the U.S.D. accept for controversy and WW3. At the same time, Treasury can print what they want but Putin and Jinping would love nothing more than to do without it. Geopolitics. COMPLICATED! The real threat is directed towards third parties who steal our money for services rendered. If you eliminate the middleman, you eliminate taxes as well. Imagine using a card day and night, everywhere you go. Just swipe your crypto card. Transactional fees being cheaper on the block than traditional tax rate. No annual fees, late fees, returned payments, foreign or failure to use your card 10× a month fees. That's the power of the block as it facilitates smart contracts. That's less money for the feds. GG hates himself. It's obvious just look at the dude. Money doesn't buy him happiness. He's just doing his job. There cannot be an unregulated crypto in this country. IMPOSSIBLE. Let him go after the 'solution to the dollar'. Thats not us. We are Web3. Specifically, gaming. Ryoshi never intended for Shib to become a worldwide currency to use. Just a worldwide currency on Web3. Neither did Nakamoto, but, he flaunted the idea. Whatever sells right? The genesis block replacing fiat was not his endgame though. Been following it the week of. Media is TOXIC! Crypto though, is sooo much more than a currency. Its all about the block and I'm glad we agree on this. LETS MAKE SOME MONEY! SHIB FOR THE WIN! NOONE DOES CRYPTO LIKE SHIB! NOONE! ONCE IN A LIFETIME!
The debt is more than manageable…USA has hundreds of trillions in assets. And the baldest military in history. Main reason deficit exists is 5 major tax cuts for the rich who DID NOT teinvest those monies into the US but rather overseas. That $30T is being hoarded by the 1% as they try to eliminate 1/3 of the worlds pop.
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