National Debt Discussion, Will We/Trump Pay It Off?
🗣️ DISCUSSION 💬
X22 Dave has mentioned this several times, Trump may use BTC to pay off "our" national debt.
He did a show today with Bitcoin Ben where he mentions this also.
My take is, there is no effing way we should be paying off what's been swindled from We The People.
Maybe, just maybe, if there was a complete audit done on every last dollar of the national debt and determined what was actually spent to benefit We The people, then maybe I'd concede to paying it off.
Bitcoin Ben says Trump will do this to save the USD, the only thing needed to save the USD is 86ing the Fed/FRN and bringing back a true USD.
Curious what others thoughts are on this.
Imagine stealing somebody's wallet, blowing all the cash and running up all of the credit cards just to go back to the victim and say "So, how do you plan on paying off your credit cards?".
Ha, We The People should approach our elected officials and pull this wallet scam with them!
I think they will use this crypto to pump and dump from the younger generation, I'm in crypto but I haven't been able to convince anyone older than 30 to get into it over the last 4 years. These young ones only know digital money and they will need to crash this crypto/bank fraud and make them ask for constitutional currency once they get rugpulled. Many think these gains will last but this is all a distraction from buying physical goods/ land, gold and silver.
So no they won't pay off they debt, they will hyperinflate and crash the market up and then start a new system to compete with BRICS and the comodity backed, just look at Debtclock and their new currency they keep showing with multi backing with metals, oil, stocks, realestate, etc. so the old system needs to go down so a new ssytem can be built. The war with the Fed/Jerome has started and he will be blamed when it all goes down for not doing what the president say.
I'm closer to 60 than 30 and I'm holding BTC & XRP.
Most I know into crypto are around 30 and dabble with many of the available coins out there, buying and selling.
It would be nice to make some money of it, I hear Zach Rector talking about shorting BTC but I've yet to find any good info on how to. So in the end I'm fine just hodling for a rainy day. I have been quite pleased with gains on both the past week.
Compete with BRICS, or join. Or BRICS becomes the new standard, I'm curious to see how all this plays out.
What I wouldn't give to bump this movie up to 1.5x! lol
IMO, BRICS is going to have a hard time. I don't think those countries actually coordinate well, and they put fucking Dilma (Marxist/Terrorist/Thief) in charge of launching their currency, so don't hold your breath/have high expectations.
Meanwhile, what I would do to save the USA and the US$:
Drastically Reduce the Size/Expenditures of the Federal Government
Fully Restore the Strategic Oil Reserve
Drill Baby Drill
Initiate a pro-nuclear power effort
Produce a credible independent audit of our gold, and value it at market price
Establish the proposed "Strategic Bitcoin Reserve"
End the Federal Reserve
End the IRS
Tariffs not Income Tax
Back the USD with the oil/gold/bitcoin
Reform how Property Tax is calculated (ideally get rid of it)
If we did these things, the US economy would roar and would outpace every other country for at least a decade, and perhaps the rest of our lifetimes.
But this list is a tall order. We shall see what happens.