BitCoin

Quote: AZDuffman

Quote: DoubleGold

I will add that since fiat dollars are created out of nothing, that in theory, then the cartel can continue to debase to eternity until Congress terminates them.
link to original post

Only until the world sees the scam for what it is. One day the Saudis will demand something other than dollars. Then everyone else will. KSA we can put in their place with our military. But a few countries and eventually that gets hard.
link to original post

Also in theory, another thing that could happen for them to be removed, is to incorporate a replacement and let the current USA corporation's debt default.

It'd have to be an entity in control of the military though.

No entity will be able to pay off so many trillions.

For clarity, banking cartel not oil cartel.

Quote: DoubleGold

unJon, I look at all of them on the FRED website.

The one I am focused on right now is the 10-2 Treasury yield inversion.

When COVID occurred, the central bank debased by about 30+% in one year.

Those additional trillions indirectly flowed to the top 1%.

So the 1% snagged about $10T so far.

I knew what they were doing when they did it.
link to original post

What is really scary IMO about this USA Treasury raid of over 30% of the national deficit in a short time period, is that someone was really desperate.

Never before did such a large transfer of wealth occur.

Someone was scared and grabbed the stash while they could.

I don't know if the COVID issue was related, but it looks like that could have been the cover IMO.

If these things are close to being true, then I'd expect something major pretty soon to hit the press.