Sounds like US credit among the world aint what it was? Presumably the credit rating used to be a lot higher among those who track and and care about the actuarial projections of a nation to coercively exact tribute from various populations under its control. It seems in the past, US dollars were tied to gold or possibly other things rather than purely fiat. Such a tie of the quantity of money to some objectively quantifiable thing (though not totally controllable--at least until all accessible gold is mined and in the market)

What I dont understand with the quantitative easing and all the other games the bankers play, is how anyone can possibly think a new technology that makes transactions much cheaper and that prevent problems like double spend, would possibly leave a world previously controlled by dinosaurs creating money out of no where.

Milton Friedman seemed to assert inflation as the worst kind of tax because no one votes for it. That inflation is always a monetary phenomena, where an expansion in the money supply without a proportional change in increase would realize a change in the information reflected in prices.

What do you think? You think Teflon Don might default on all this debt for pointless wars and prisons filled with nearly 1% of us? This debt that helps bail out wall street and DC but doesnt care about the non elite class? How you feel about credit downgrading? Do you think we still need entities using coercion to engage in credit beyond what we can pay today in 2018, or can we finally have a voluntary society where all can be free to realize the consequences of their decisions?

As Abbie Hoffman might have once asserted:

"An expert is a fast-talking guy from out of town."

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