Why pay off the debt? US banks hold 90% of it. Foreigners only hold 9%. We can deal with that.
Let it ride and inflation will evaporate it under this paper currency no one wants. The key is to get a new currency.
Create a gold back new currency and let the two currencies trade side by side. Inflation will destroy the old currency in a matter of a few years. Bank Safety boxes and mattresses will be emptied out and we find the real money supply.
Give Crypto a solid gold back money supply to peg its value too and then you have your CBDC ultimately.
The longer you take to trade in your old paper dollars, the less they are worth. I’m talking Zimbabwe type of inflation eating that paper up.
Use a crypto back system to replace Swift and increase the effectiveness of international trade settlements. “BRICs”
The world uses the US backed crypto in our newly issued crypto thingy. America keeps its hegemony.
Money manipulation dies. So does credit.
But who uses money? I’ve been 100% digital most of my 64 years on the Planet. When I turned 16 my Dad gave me a CItco gas card and that’s all I needed. I knew every crappy Citgo station in Atlanta. Snacks gas and beer after school. Hell yes.
Regardless what money is used, politicians already know how to manipulate and spend it …… before we get it.
Who’s buying all the gold and silver from Comex? Look what France just did. Sold all the gold held in the US vaults of their. Trump bought all of it. Fools.
Once Crypto has a solid currency to back it, be out. But between then and now, buy all you can. I like ABTC as a way to insulate from actually holding BTC.
My coffee rambling showing my ignorance
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