This is how I interpreted it & I'm no expert to be sure.
Velocity of money drops, liquidity rapidly drains from the market & assets lose value overnight. The Fed doesn't jump in to save the market by pumping in liquidity. Things start breaking everywhere, banks start failing & nobody can get their cash out.
All fiat deposits & income (except for a few chosen ones) disappear.
Loans still require servicing which drains more fiat. Bankruptcies everywhere but nobody to buy the assets. Asset values drop further.
A possible 6102 on gold & bitcoin making both worthless in the short term. I think bitcoin would arise as a black market money to pay for goods but it's pretty useless for servicing loans & land taxes.
If you're a homesteading Bitcoiner, how do you pay your land tax & mortgage with little income? If you can sell Bitcoin, it will be at an extreme discount.
Brisket
npub1jm…p6xcq
2025-06-10 20:44:25
in reply to nevent1q…0jye
Author Public Key
npub1jmy8weweqzckna0amz7pn0uhhkxx693l7st23829ewmu43yvjsesfp6xcqPublished at
2025-06-10 20:44:25Event JSON
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"content": "This is how I interpreted it \u0026 I'm no expert to be sure. \n\nVelocity of money drops, liquidity rapidly drains from the market \u0026 assets lose value overnight. The Fed doesn't jump in to save the market by pumping in liquidity. Things start breaking everywhere, banks start failing \u0026 nobody can get their cash out.\n\nAll fiat deposits \u0026 income (except for a few chosen ones) disappear. \n\nLoans still require servicing which drains more fiat. Bankruptcies everywhere but nobody to buy the assets. Asset values drop further.\n\nA possible 6102 on gold \u0026 bitcoin making both worthless in the short term. I think bitcoin would arise as a black market money to pay for goods but it's pretty useless for servicing loans \u0026 land taxes.\n\nIf you're a homesteading Bitcoiner, how do you pay your land tax \u0026 mortgage with little income? If you can sell Bitcoin, it will be at an extreme discount.",
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