Unsurprisingly, he and his family were doxed by angry traders.

  • @LibreHans@lemmy.world
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    11 month 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.

    • @yeahiknow3
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      11 month ago

      That’s not the point. The US has the power to extract rents; it doesn’t have to use it.

      • @LibreHans@lemmy.world
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        -11 month ago

        You live in fantasy land if you think the US has that power, any government that tries this would be overthrown.

        • @yeahiknow3
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          1 month ago

          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…

          • @LibreHans@lemmy.world
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            -11 month ago

            Haha, which market disagrees? The bond market, the gold market, the bitcoin market, the housing market?

            • @yeahiknow3
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              1 month ago

              Since we are discussing dollars and not houses, that would be the FOREX market. The dollar is very strong at the moment.

              • @LibreHans@lemmy.world
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                01 month ago

                So you don’t even know how the bond market and the dollar are related, and you attack my personality when I show your argument is wrong, which you don’t understand because you don’t understand the bond market.

                • @yeahiknow3
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                  130 days ago

                  FOREX is explicitly the market that compares the strength of competing currencies.

                  I’m aware of how the bond market works. What is your problem with the bond market?