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

  • @LibreHans@lemmy.world
    link
    fedilink
    English
    13 days 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
      link
      English
      13 days ago

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

      • @LibreHans@lemmy.world
        link
        fedilink
        English
        -13 days ago

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

        • @yeahiknow3
          link
          English
          1
          edit-2
          3 days 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
            link
            fedilink
            English
            -13 days ago

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

            • @yeahiknow3
              link
              English
              1
              edit-2
              3 days 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
                link
                fedilink
                English
                13 days 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.