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NOT A DRILL! Balaji Bets the Dollar will Hyperinflate to Zero
Bankless
The Fed's the Hero, Right?
4min Snip
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The plan, if you're described as a plan, looks something like this: The US has debts that can't pay. All of the banks with these giant, you know, these giant unpayable liabilities have tons of them go bust,. come in and swoop in as a hero printing the money. And then also have them all centralized at the big banks in the process. Only if you turn into Bitcoin are you outside the system. So an environment of small banks are dead, all the monies have big banks is locked in China style centralization. A lot of people are much poorer than they thought.
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