shoulderoforion@fedia.io to Technology@lemmy.world · 19 days agoTeen creates memecoin, dumps it, earns $50,000arstechnica.comexternal-linkmessage-square64fedilinkarrow-up134arrow-down11file-text
arrow-up133arrow-down1external-linkTeen creates memecoin, dumps it, earns $50,000arstechnica.comshoulderoforion@fedia.io to Technology@lemmy.world · 19 days agomessage-square64fedilinkfile-text
minus-squareLibreHans@lemmy.worldlinkfedilinkEnglisharrow-up1·18 days ago Dollars represent faith in the power of the US government to extract taxes from its population Lol, the debt will never be repaid with taxes.
minus-squareyeahiknow3@lemmings.worldlinkfedilinkEnglisharrow-up1·17 days agoThat’s not the point. The US has the power to extract rents; it doesn’t have to use it.
minus-squareLibreHans@lemmy.worldlinkfedilinkEnglisharrow-up1·17 days agoYou live in fantasy land if you think the US has that power, any government that tries this would be overthrown.
minus-squareyeahiknow3@lemmings.worldlinkfedilinkEnglisharrow-up1·edit-217 days agoThe thing is… the market disagrees with you. For now. But hey, put your money where your mouth is! I’ll give you a hundred rubles for a hundred dollars. If you really think the US government is impotent and on the verge of collapse…
minus-squareLibreHans@lemmy.worldlinkfedilinkEnglisharrow-up1·17 days agoHaha, which market disagrees? The bond market, the gold market, the bitcoin market, the housing market?
Lol, the debt will never be repaid with taxes.
That’s not the point. The US has the power to extract rents; it doesn’t have to use it.
You live in fantasy land if you think the US has that power, any government that tries this would be overthrown.
The thing is… the market disagrees with you. For now. But hey, put your money where your mouth is! I’ll give you a hundred rubles for a hundred dollars. If you really think the US government is impotent and on the verge of collapse…
Haha, which market disagrees? The bond market, the gold market, the bitcoin market, the housing market?