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22 hours ago•••
The dollar system will only go away when all of the debts denominated in dollars are extinguished
7 days ago•••
The United States dollar is not owned by the US. It is a private currency owned by the US Federal reserve which is a private institution.
USDT is a private currency owed by the tether corporation
If you live in the United States, you are paid in a private currency every day in the form of federal reserve US dollars.
You can use a private currency to pay your taxes and you can take out loans that are payable in that currency from all US banks.
Tether directly competes with the federal reserve dollar, which is a product of the US federal reserve.
US treasury bills back tether in addition to other assets.
Nothing backs the US dollar except the legal history of being able to pay your debts with it, and the usefulness of its function within the banking infrastructure.
Tether is directly aligned with the United States treasury department. The federal reserve is in direct opposition to the United States treasury department.
5d1d83de...5aa0 replied 6 days ago
1
6 days ago•••
US dollar vs US federal reserve note https://youtu.be/rVeYGREnFIk
8 days ago•••
other than Japan, the only other place that Subaru makes their vehicles is in Indiana
8 days ago•••
I could listen to Howard Lutnick talk about anything all day long. There's something really magical about this guy.
10 days ago•••
the less you think about yourself during the day, the happier you will be
11 days ago•••
Acetylsalicylic acid's (aspirin) anti-metastatic properties were first noted by Dr. Lawrence Craven in 1950
14 days ago•••
there is only way to fix the housing crisis:
"destroy housing as a store of value"
14 days ago•••
In the US, young people don't want to be millionaires, they want to be billionaires
a millionaire is "middle class" to teenagers
inflation hits deep into culture
15 days ago•••
many policies inadvertently create a dead zone in between various cutoffs and have unanticipated effects
for example, if there's no taxes on people with an income less than $150,000 and income tax is 30% no one will ever logically make between $150k and $195k
15 days ago•••
if interested in the biochemistry and physiology behind "why" seed oils are dangerous:
19 days ago•••
only way to refinance the US debt is to have low interest rates
only way you're gonna force low interest rates is if you have a recession or a massive unemployment crisis
therefore the only thing that matters is creating a recession
19 days ago•••
5d1d83de...5aa0 replied 19 days ago
1
19 days ago•••
estimated number of houses being sold due to baby boomer deaths
19 days ago•••
the btc / gold price is all that matters
22 days ago•••
if god's existence can be proved, then there is no need to believe
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