Treating myself by explaining to the Bitcoin Holy Warriors
that they have to pay income tax in Dollars if they sell their Bitcoin.
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Second best has always been my goal
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Replying to @JamiePastore9
🤷🏻♀️ Retweeted 🤷🏻♀️
You might enjoy some violation for that narrative! Keep in mind we are in a *cosmic* psychosocial/financial credit crunch (except for the big players)https://twitter.com/DanielleFong/status/1261631558710185985?s=20 …
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🤷🏻♀️ @DanielleFongImportant: The last line of defense in the narrative for why the Fed has superpowers is that taxes are paid in$USD Because of Bitcoin, alternative currencies possible, but taxes keep them $ denominated Even so, you pay on average 6 months later. 6 months of credit creation
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Replying to @DanielleFong
Eurodollars supersede the tax argument in times of strain IMO
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Replying to @JamiePastore9
interested in hearing more from you about this can you explain?
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Replying to @DanielleFong
Odd Lots did a great show on this if you have ~40 mins for a listen! Basically the banking networks have created a world that is structurally long dollars and during times of stress they become the most important thing https://www.bloomberg.com/news/audio/2019-09-13/why-the-dominant-u-s-dollar-refuses-to-go-away-podcast …
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TY. yes I agree with much of this but think these unprecedented times & the fact that Trump is unwilling to let loser companies eg Carnival fail is just going to rip the system apart We're getting deflating in the actual economy & getting inflation in bad equities/bonds
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