Monetary magic theory: a more dramatic conclusion. A great reset?
The CA of my token: CBkaCWg9sxeu6ZSyy4UfRW425wTcj8etCbKfY9WEWXwH Deploying a revenue sharing token on Revshare that gives to holders (not just rewards to me the dev) and I want to use buybacks to pump the value of it upwards. Hoping to therefore to make it something akin to a bank where depositers are constantly having their funds increased through transaction revenue. In the future, hoping to acquire real world assets to get other revenue streams.
I recently pointed out that the US’s attempts at weakening their currency might be an attempt to pay off their national debt.
If they bought 2 million bitcoin and then devalued the dollar to be worth as little as 20 million dollars per bitcoin then the national debt could be paid with monetary magic. Granted the dollar would be worthless.
I failed to mention another possibility. And that is basically that they could dial up the devaluation. Apparently Trump has bought almost 200k bitcoin (198,000) https://www.coingecko.com/research/publications/government-bitcoin-holdings
If they wanted to they could simply make 1 bitcoin equal 200 million dollars, which would pay off the debt in equal amount (the 37 trillion dollar debt) would be paid off with 40 trillion dollars.
Of course like i said in my previous article this would make the US dollar toilet paper.
There is of course severe political problems with doing this. We could imagine anyone with savings would be extremely angry with the government. Maybe there would be no debt, but the very rich could basically buy out the country on the cheap, waging effectively a class war on the poor and middle class while they try gobble up assets.
For those who have assets it will not be so bad, but if all you have is US dollars, this could mean complete pauperisation.
Time will tell if i am right.
CBkaCWg9sxeu6ZSyy4UfRW425wTcj8etCbKfY9WEWXwH
https://revshare.dev/token/CBkaCWg9sxeu6ZSyy4UfRW425wTcj8etCbKfY9WEWXwH
If you are here, invest in my token, which is effectively a bank, unlike the US government it pays more than the US government is planning to. I want to make it a proper financial institution that pays high returns for investors powered by high transaction fees.