It seems like the Ponzi can go on forever, tricking people with the "ceiling" terminology.
Even Bitcoiners, who understand how stupid fiat is, continue to talk about fiat-based macro-economics more than anything else. All the Bitcoin podcasts are about fiat.... adding energy to that system by focusing on it so much more.
If the Bitcoin community can't break itself free from the fiat Ponzi, the rest of the world sure as hell won't either.
So, how many times can the ceiling be lifted before people wake up to what's really going on? Apparently infinite times. People are stupid... apparently Bitcoiners even more so.
We have straight up abused the poor debt ceiling..... At this point, the way I see it is that when we have to deal with it, that's the one time it seems that both parties look at the spending and go This is an issue. Then raise it and pretend that the spending is fine.
The credibility with which it finds is the inverse of that graph
When you have to start buying your own petrodollar USTs...which is already happening.
The petrodollar is a dead man zombie walking toward collapse.
ThE Us gOvErNmEnT cAn'T gO baNKrUpT
21 000 000
It seems like the Ponzi can go on forever, tricking people with the "ceiling" terminology.
Even Bitcoiners, who understand how stupid fiat is, continue to talk about fiat-based macro-economics more than anything else. All the Bitcoin podcasts are about fiat.... adding energy to that system by focusing on it so much more.
If the Bitcoin community can't break itself free from the fiat Ponzi, the rest of the world sure as hell won't either.
So, how many times can the ceiling be lifted before people wake up to what's really going on? Apparently infinite times. People are stupid... apparently Bitcoiners even more so.
All those times when they spent above the debt ceiling are what made it not a ceiling.
"It's going to be mostly sunny in Washington this afternoon and congress should be opening the debt sunroof again later today."
US federal debt increase by president
We have straight up abused the poor debt ceiling..... At this point, the way I see it is that when we have to deal with it, that's the one time it seems that both parties look at the spending and go This is an issue. Then raise it and pretend that the spending is fine.
When you promise all Americans a $5000 bribe to vote for you retaining executive power over them.
At this point, calling it a ceiling feels a little generous. It’s more like a height recommendation.