"8 Trillion or so are held by American investors IRAs 401ks individuals."
Which can be backed by a government controlled currency, where it's limited supply will be deflationary.
" no one will loan you money."
Loan us money? The fractional banking system is a ponzi scheme. That's not real money. That's a shell game, and we need to exit it.
"to casually wave your hand and pretend that there won't be consequences is short sighted."
And to go along with this ponzi scheme for 400 years is madness. People who loan out more money than they actually hold are not performing honest business. These aren't real banks. They hold 500 trillion worth of debt, and the money doesn't exist to pay it back because it is all debt based. We don't pay them, the government creates it's own currency. They cease to exist.
", I can't think of a single instance where the government did not choose to hyperinflate."
Which can be backed by a government controlled currency, where it's limited supply will be deflationary.
Loan us money? The fractional banking system is a ponzi scheme. That's not real money. That's a shell game, and we need to exit it.
And to go along with this ponzi scheme for 400 years is madness. People who loan out more money than they actually hold are not performing honest business. These aren't real banks. They hold 500 trillion worth of debt, and the money doesn't exist to pay it back because it is all debt based. We don't pay them, the government creates it's own currency. They cease to exist.
This is good for bitcoin.