OK.
You let me know when exchanges stop listing the Bitcoin price in dollars and start listing it in ounces of gold.
When is Weimar type inflation coming to the US? Maybe 3 years, maybe 10, maybe 30.
Washington DC has become very proficient at kicking the can down the road. I remember hearing talk about how the US debt is too high back when it was under a trillion. They said "The US won't be able to function with a trillion dollar debt." And now, here we are, with almost 35 trillion in debt. And the taxpayers are projected to pay $1.2 trillion in interest on the debt this year, and they think it will be $3 trillion in 5 years. So maybe hyperinflation is coming sooner than I think.
But the doom and gloomers have been "crying wolf" for far too long. Maybe this time the wolf really is just outside the door, or maybe it's still one or two decades away.
I am old. I'm lucky if I have 2 decades left in me. Will I see Weimar type inflation in the US in my lifetime? Maybe... But I'm not holding my breath.
If you are in your 20's, 30's, 40's, or even 50's, you need to worry about it a lot more than I do.
BitcoinAscent / BitcoinAscent ⚡️ 1 Issue Voter ⚡️ ∞/21M ⚡️
npub1km…4nt8m
2024-06-29 16:24:15
in reply to nevent1q…lr70
Author Public Key
npub1kmwrnn5c74uu9evxc3jza9zvpjzrn33myc5zusx3mt88aw7he4asv4nt8mPublished at
2024-06-29 16:24:15Event JSON
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"content": "OK.\nYou let me know when exchanges stop listing the Bitcoin price in dollars and start listing it in ounces of gold.\n\nWhen is Weimar type inflation coming to the US? Maybe 3 years, maybe 10, maybe 30.\n\nWashington DC has become very proficient at kicking the can down the road. I remember hearing talk about how the US debt is too high back when it was under a trillion. They said \"The US won't be able to function with a trillion dollar debt.\" And now, here we are, with almost 35 trillion in debt. And the taxpayers are projected to pay $1.2 trillion in interest on the debt this year, and they think it will be $3 trillion in 5 years. So maybe hyperinflation is coming sooner than I think.\n\nBut the doom and gloomers have been \"crying wolf\" for far too long. Maybe this time the wolf really is just outside the door, or maybe it's still one or two decades away.\n\nI am old. I'm lucky if I have 2 decades left in me. Will I see Weimar type inflation in the US in my lifetime? Maybe... But I'm not holding my breath.\n\nIf you are in your 20's, 30's, 40's, or even 50's, you need to worry about it a lot more than I do.",
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