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RE: Let's all get Steem really happening
Speaking of your link to @jholdsworthy:
Thing is, Fed has the whole world supporting it, so the bubble haven't burst yet (it was close to bursting several times since 2008). But if you want how that works if you have other countries as creditors and don't want to go to war... Check out Russian 1998 crisis caused by GKO bonds (thats Russian treasury bonds), to see how it happened recently in another big country. :->
Tried to post this as comment there, but after a month the discussion is frozen.
The support of the Fed is waning fast. The fundamentals of the economy are going very fast down the drain, backed by their fiat ponzi scam. Yeah, it's happening right now in Venezuela, it happened in 1997 or so in Bulgaria and Hungary, and the establishment in Nigeria still tries to deny it happened but most people there use FRNs now...