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"Since 1800, in 51 out of 52 cases where a country\u2019s debt-to-GDP ratio reached 130%, the country eventually defaulted. The only exception is current Japan, who is frankly in the final stages of circling the drain (e.g., central bank asset purchases and yield curve control).\nWhere is the US now?\xa0129% debt-to-GDP." \u2014 Jesse Myers\n\nDon't miss this excellent breakdown and visual analogy for the state of government debt and the promises of the US Treasury and the impossibility of a stable or growing value of the dollar in the future. The debt will be paid, in nominal terms, but the ability to hide the value loss in inflation overseas, is not holding up. Then add to this the BRICS nations establishing an eastern block of economic and monetary power... and you have a recipe for fire. Hope you aren't invested in wood... \n\nCheck out the article and the many other great links mentioned in the show:\nThe Bondholder's Burning Platform - by Jesse Myers:\nhttps://www.onceinaspecies.com/p/the-bondholders-burning-platform\nThe Capital Strip Mine:\nhttps://open.spotify.com/episode/6ifbWDnYHRGxrhd1NPv4BS?si=4da8844065a74db1\nRead_587 - Bitcoin & The American West:\nhttps://open.spotify.com/episode/0yEVCnBkTHT4IL01hEwTGe?si=c131120a77d34283\nRead_512 - Why The Yuppie Elite Dismiss Bitcoin:\nhttps://open.spotify.com/episode/0opbypclyNDF1GtwiL6Nbo?si=7d426c81415a43b8\n\nA huge thanks to our sponsors, and don't forget to check out the offers for the listeners of this show!\n\u2022\xa0Code BITCOINAUDIBLE gets 9% off the ColdCard!\xa0https://bitcoinaudible.com/coldcard\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\n\u2022\xa0Debit card with Sats Back on EVERYTHING:\xa0bitcoinaudible.com/fold\n\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2022 Buy Bitcoin at\xa0https://swanbitcoin.com/guy\n\n-------------------------------\n"All that is gold does not glitter, Not all those who wander are lost." \u2014\xa0J.R.R. Tolkien\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message