[Crazy Theory] USA *government* debt is $22 Trillion. Japan ($13T), China ($5T), EU (€13T). One way out? Embrace Bitcoin and allow all fiat to devalue, hence making all debt easily repayable. Still collect taxes. Bondholders - shafted. Governments - debt jubilee.
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Replying to @MustStopMurad
Debts will be paid. But it will be in worthless money
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Replying to @BMBernstein @MustStopMurad
So one question is if all central banks collide and competitively devalue their currencies. They could still restructure their debt. But you would have generation of fiat debt slaves
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Replying to @psycho_sage @BMBernstein
No because the latter would also have an easier time repaying
1:21 PM - 9 May 2018
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