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@roballen1976

Bitcoin Reserve will change the world 🌎. Grizzlies 〽️🐻🏀 The roots of all goodness lie in the soil of appreciation 🙏Pattern Recognition Expert 🙏 PMA

Memphis, TN Katılım Haziran 2009
4.6K Takip Edilen3.5K Takipçiler
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Wheels
Wheels@roballen1976·
Go and buy this book 📖. It will change your life!
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Wheels@roballen1976·
👽 🛸
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Wheels@roballen1976·
As of March 2026, the U.S. gross national debt has crossed **$39 trillion** (with about $31 trillion held by the public and the rest being intragovernmental holdings like the Social Security trust fund). This debt accumulates because the government routinely spends more than it collects in taxes—running trillion-dollar deficits almost every year. Why borrow when you can "just print"? 1. **Printing money = inflation tax** When the government (or the Federal Reserve on its behalf) creates new dollars to pay bills, it doesn't magically create more goods, services, roads, or labor. You just have more dollars chasing the same stuff. Prices rise. That's inflation. - Your savings, wages, and fixed incomes lose purchasing power. - Savers, retirees, and people on fixed incomes get hammered hardest. - Historical examples (Weimar Germany, Zimbabwe, Venezuela) show how extreme versions destroy economies. Even moderate overuse erodes the dollar's value over time. Economists put it simply: “Printing more money is a non-starter because it’d break our economy.” It would solve the debt on paper but at a price “far too high to pay.” 2. **It destroys trust and raises future costs** Investors (pension funds, foreign governments, banks, you via your 401(k)) buy U.S. Treasury bonds because they trust they'll be repaid in dollars that still have real value. - If the world thinks the U.S. will inflate the debt away, they'll stop buying bonds or demand much higher interest rates. - Borrowing costs would skyrocket, making future deficits even worse. - The dollar is the world's reserve currency partly because it's seen as a stable store of value. Printing endlessly would risk losing that status, which gives America huge economic advantages (cheaper borrowing, global demand for dollars, etc.). 3. **Legal and operational reality** The Treasury can't just fire up the printing presses or credit its own account at will. Congress sets a debt ceiling (requiring new borrowing authorization), and the Fed is designed to be independent so politicians can't directly order money creation to finance spending. (Quantitative easing during crises comes close, but it's still not the same as direct monetization, and even that risks inflation.) 4. **Borrowing actually serves a purpose** - It lets the government spread costs over time (like a household mortgage for a house instead of paying cash upfront). - It funds investments in infrastructure, defense, Social Security, etc., without immediately jacking up taxes. - U.S. Treasuries are the world's safest asset—people *want* to lend to us at low rates. Borrowing doesn't immediately flood the economy with new money the way direct printing does, so it gives more flexibility and signals some discipline (investors have to voluntarily buy the debt). The "Modern Monetary Theory" counterpoint Some economists (MMT folks) argue a sovereign currency issuer like the U.S. doesn't need to worry about debt at all—only inflation matters, and you can always tax or cut spending to control it. There's a grain of truth there (we can't default in the classic sense because we print the currency), but mainstream consensus says this ignores real-world risks: inflation expectations can spiral, political incentives make restraint hard, and crowding out private investment slows growth. Most policymakers and central bankers treat "print indefinitely" as a dangerous myth. **Bottom line**: Debt exists because it's the least-bad way to finance deficits *without* immediately devaluing everyone's money. Printing would "pay off" the debt the same way burning your house down gets rid of the mortgage—technically effective, practically catastrophic. The real constraints aren't accounting tricks; they're economics, politics, and maintaining trust in the dollar. That's why even with fiat powers, we still borrow trillions. My take on this… FIAT is absolutely trash.
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Wheels
Wheels@roballen1976·
@AAStack I live for walking on the hot coals… 🧘
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AA ⚡️
AA ⚡️@AAStack·
You don’t get the upside without living through the volatility. They come as a bundle. You have two options: Pay the price, tolerate the swings, stay put, and let time do the work. Walk away, sit in cash, feel “safe,” and watch inflation quietly eat your buying power. There’s no reward without discomfort.
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Wheels@roballen1976·
@dotkrueger Sell .. ha… I’m just trying to ad
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Fred Krueger
Fred Krueger@dotkrueger·
It seems tempting to "sell until things calm down". but if you do, you will be buying back much higher. and paying a hefty tax bill.
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AK
AK@akmetax·
You gotta switch your mindset from I’m going to start on Monday to I’m going to start right now
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Wheels@roballen1976·
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Wheels@roballen1976·
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BOXABL
BOXABL@BOXABL·
😍
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Bitcoin Junkies
Bitcoin Junkies@BitcoinJunkies·
You work for it. They print it. Bitcoin fixes this.
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Wheels@roballen1976·
@TheJoeySwoll Keep your head up guys and gals!! It’s gets easier.. I believe in you.
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Joey Swoll
Joey Swoll@TheJoeySwoll·
People don't realize how much strength it takes for you to pull your own self out of a dark place mentally. If you've done that, I'm proud of you.
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