New bill would revalue gold to buy Bitcoin
(m.youtube.com)
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I see why this could be a good plan. The latter part of the video in terms of inflationary pressure, I fail to see it:
Cutting spending for 2 T.
0,75T comes onto the market, investment money => market jobs. not funny .gov jobs.
nett effect 1.25 T. That sounds deflationary to me, meaning: the bill is not footed by the taxpayer/savers.
add to this a lowering of the interest. ....
Taxpayer is better off.
Lower prices of energy => cheaper production, more goods and services and market jobs.
houses cheaper, by allowing new development + lower interest rates.
clawbacks ...
The Fed systems gets an equity infusion of 0.75T (earily similar to the 2008 crisis money) and assumes IOU;s for that. = 0.
Meanwhile, the current BTC holding + new BTC holding increase in value => USA .gov is solid.
Debt growth is returned to debt decrease.
No deficit spending
price pressure on gold increases the equity holdings of the FED system.
=> total revenue: roaring economy.