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🇵🇦 Panama City council has just voted in favor of becoming the first public institution of government to accept payments in Crypto. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, USDT @APompliano @aantonop…
They should create a Fund of some kind that benefits a Sovereign, which can invest its Wealth in assets. If only there was a name for something like this.
Up to 2023, 600 million people in Africa lacked access to electricity. Imagine a kiosk in Africa, with solar panels on top to recharge hundreds of high performance batteries, offering monthly subscription to the local community (payable in local currency, Bitcoin LN or USDt).…
Is your argument that this is acceptable because a) it is an old video, b) nobody has acted on it, and c) there are legal instruments in place to do something after something does happen?
If a household/business stores the proceeds of their time and energy in currency, and the government can dilute their savings by printing more currency, they are diluting your time and energy and rendering them useless.
The government issues its own currency, unlike households and businesses who must earn/borrow money to spend. A currency-issuing government creates the money it needs and so does not need taxes/borrowing to “fund” spending. They just do it so the bottom-feeding banksters can eat.
This analysis fails to consider the impact on the exporting country of losing access to / volume from the US market. The second / third order consequences on a complex system are impossible to fully quantify
If an imported product costs $100 today, a 100% tariff would make it $200 tomorrow. Because the US heavily relies on imported electronics, machinery, clothing, and furniture, these categories would see sharp price hikes. Higher prices on imported goods would cause workers to…
Like a drug dealer forcing a client into rehab
This was one of the largest unforced financial policy errors in recent history.
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