Ergo I expect the disappearance of the consumer banking sector as a whole, and the near end of institutional investing, and that all investment will be directed to productivity instead of rents.
All this is possible with digital currency. It will double govt revenues (easily).
Source date (UTC): 2023-01-16 23:29:29 UTC
Original post: https://twitter.com/i/web/status/1615129139572359171
Reply addressees: @bryanbrey @MattPirkowski @Lord__Sousa @TheAutistocrat @ThruTheHayes @LukeWeinhagen @Psyche_OS @InTruthVictori1 @Will_of_Europa @Turbo_Flux
Replying to: https://twitter.com/i/web/status/1615113862746882049
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@bryanbrey @MattPirkowski @Lord__Sousa @TheAutistocrat @ThruTheHayes @LukeWeinhagen @Psyche_OS @InTruthVictori1 @Will_of_Europa @Turbo_Flux AFAIK all States will gradually convert to digital currencies (exhangable for different goods) in the model of tokens instead of universally exchangable currency. This will be a matter of state competitive survival. I see decentralized currencies operated by insurers (banks).
Original post: https://x.com/i/web/status/1615113862746882049
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