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   Bread up, Bro (sickburnbro@poa.st)'s status on Saturday, 14-Sep-2024 01:36:54 JST Bread up, Bro
   this is the big thing to pay attention to.
   • Embed this notice
     pepsi_man (pepsi_man@poa.st)'s status on Saturday, 14-Sep-2024 02:10:48 JST pepsi_man

     in reply to

     • Cliff Secord
     @CliffSecord @sickburnbro
     That's the hard reality. Once the money is printed it is there forever. This will have to get worse before it gets better.
   • Embed this notice
     Bread up, Bro (sickburnbro@poa.st)'s status on Saturday, 14-Sep-2024 02:10:48 JST Bread up, Bro

     in reply to

     • pepsi_man
     • Cliff Secord
     @pepsi_man @CliffSecord you can have deflation when you have fiat. But serious deflation would mean essentially defaulting on debt.
   • Embed this notice
     Cliff Secord (cliffsecord@nicecrew.digital)'s status on Saturday, 14-Sep-2024 02:10:49 JST Cliff Secord

     in reply to
     Facts
   • Embed this notice
     Bread up, Bro (sickburnbro@poa.st)'s status on Saturday, 14-Sep-2024 03:12:47 JST Bread up, Bro

     in reply to

     • pepsi_man
     • Cliff Secord
     @pepsi_man @CliffSecord CBDCs are almost entirely a manufactured spook.
     
     People are terrified about the government having control that they already have, but just in different places.
     
     If they want to de-bank you, that's happening. If they want to seize your money, that's happening. If they want to know about you withdrawing lots of cash from a bank, they know that. If you get caught with a few thou in cash, that's gone.
   • Embed this notice
     pepsi_man (pepsi_man@poa.st)'s status on Saturday, 14-Sep-2024 03:12:48 JST pepsi_man

     in reply to

     • Cliff Secord
     @sickburnbro
     >default
     That's what CBDC's are for. They're coming whether we want them or not.
     @CliffSecord
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     pepsi_man (pepsi_man@poa.st)'s status on Saturday, 14-Sep-2024 03:21:01 JST pepsi_man

     in reply to

     • Cliff Secord
     @sickburnbro @CliffSecord
     Oh, I think it's both a spook and a strong possibility. Before Nixon, it was unheard of that we might leave the gold standard and tie our currency to oil.
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     Bread up, Bro (sickburnbro@poa.st)'s status on Saturday, 14-Sep-2024 03:21:01 JST Bread up, Bro

     in reply to

     • pepsi_man
     • Cliff Secord
     @pepsi_man @CliffSecord For all intents and purposes when people use a credit card it's the same thing. You give merchant magic device. Magic device says thing is paid for. Merchant gives you thing.
     
     At some point someone asks you for USD.
     
     The government won't actually like a CBDC because it will produce too strict of rules about expanding the currency. Right now they already have that with the Fed, but with a ton of ability to pretend stuff isn't happening, because of how t-bills work. With a CBDC, it would be literal line item (your dollar is now worth 95c)