Superbubble Profile picture
Print money, buy time
Apr 30, 2020 17 tweets 7 min read
THREAD
:

Coronavirus is accelerating what had to happen anyway:

Devaluation of the US dollar, and the end of its role as world reserve currency.

2 days ago @realDonaldTrump was asked about a German news report about China getting a $160 bill for Covid’s impact:

1/ Trump said:

"Well we can do something much easier than that. We have ways of doing things a lot easier than that … And we’re talking about a lot more money than Germany’s talking about.”

So what is this easy thing that the US can do to make China pay?

Does it exist?

2/
Apr 23, 2020 7 tweets 3 min read
A few Europeans have been thinking about the end of the international dollar system for decades #Rueff #Ziljstra #Duisenberg #BIS etc.

That's why the euro exists.

1/
Oct 28, 2019 9 tweets 9 min read
Smart guy this @scottadamssays

Seems to be figuring out unaided why larges parts of the Middle East had to be flattened and millions murdered 2003 ~ 2019

1. @ScottAdamsSays He says:

“Could we get to the point where our military presence is self-funding? Because we own the oil that fuels our military presence? If we did it would be one [chuckles] the coolest things ever!”

SA refers to these comments by @realDonaldTrump

2.
Oct 7, 2019 15 tweets 5 min read
My view of the why much of the Middle East *had* to be flattened (2003–2014).

A #WarOnCheapOil to create/support international demand for USD

This is speculative. The aim is to understand the violence that killed millions. You decide if it is useful/relevant.

/1 Since 2003, US military action across ME looked increasingly incomprehensible & disorganized. $6 trillion spent fighting for abstract concepts & unclear aims. You remember WMDs, nation building, revenge for 9/11, getting rid of the evil dictator. & other evil dictators etc.

2/
Feb 23, 2019 23 tweets 8 min read
01. I usually avoid mainstream politics, but enjoy @ScottAdamsSays’s periscope videos. Yesterday he asked some interesting questions about socialism and capitalism and UBI, and the size of the US military.

Here’s a few things it could be useful for Scott Adams know: 02. Instead of =socialists= v =capitalists= it might be more useful to view the key
social/economic conflict being between between =producers= and =consumers=.

English-speaking nations are now the world’s biggest consumers.