1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
No it’s already been denied for that. It’s too expensive and slow. The lightning network is incapable of handling payments.
Bushmaster69
Superstar
Btc will never be the global currency. The blockhain network is slow and can't handle all of those transcations.
Buy the right crypto (don't buy meme coins and have patience), gold, and silver. It is likely gold will be revalued to pay for the US debt. Gold is around 3000 an ounze. There are talks of it being revalued all the way up to 100k+/oz. A USD that is rebacked by gold, and revalued at a higher price point, will clear the US debt.
In The Zone '98
Superstar
It’s coming
DCA a day takes the pain away
U would think there’d be a thread poppin about this but nahhh (trump)
I’m worried about the condition of this place when shyt sinks
Vandelay
Life is absurd. Lean into it.
Been trying to tell folks on here and real life this shyt.@BrianHSC7 hours ago (edited)
Americans don't understand what it means for Dollar to be world currency because they've never been on the other end.. Let's say a barrel of oil is $100, Japan for example would pay 14,000 Yen for same barrel since $1 is 140 Yen. But if our Feds increase interest rate to fight inflation or whatever, Japan would all of sudden pay 15,000 Yen for same barrel even tho they didn't do anything. Another country's policy affecting their own economy. This is what every other country in the world has been dealing with for decades. And Americans are oblivious because they never experienced it. We didn't "Police" the world. We "Protected" the Dollar. The world didn't take "advantage" of US. We gave concession for letting Dollar be reserve currency. Now that is at risk. You will soon experience what it feels like on the other side.
2K
172
BINGO!!!
This is what these MAGA idiots don’t understand!!!
We don't know and we're about to go through a world of hurt only people who were of age in WW2 would understand.
And it DIDN'T HAVE TO BE THIS WAY...
??
Who is revaluing gold? That would literally save us…
In The Zone '98
Superstar
Man. I keep saying it. We are fukked if some miracle doesn’t materialize
Bushmaster69
Superstar
The US government's sudden facination with fort knox, or other countries like china hording gold, or even African countries limiting or renogotiating gold export agreements, is NOT coincidential.
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Bushmaster69
Superstar
This isn't the first time the US revalued gold. In May 1933 it became illegal to own gold. FDR issued an executive order to confiscate gold from all US citizens effectively making them property of the state. In January 1934 gold was relavued to help ease the US debt.Interesting.Any othother er sources…?
The confiscation part might not happen again, but the revaluation of gold is very likely. Even if the government is saying they have no intention of doing so at this time.
You can check out several scholary articles, or other reputable YT videos on this solution. They are very easy to find.
Revaluation of gold likely wouldn't be the only solution. Just one of the very effevtive means to do so.
Just like using XRP and the Ripple network would be another great option to free up billions stored in escrow to pay for cross border tranaction fees.