Perlover on Nostr: Hello, everyone! I’m curious to hear your thoughts on my following ...
Hello, everyone! I’m curious to hear your thoughts on my following assumption—whether it could be possible or not. As you may know, there’s a proposal in Congress suggesting that the U.S. should purchase 200,000 #bitcoins per year, aiming to reach a reserve of one million bitcoins. At the same time, #Trump has expressed interest in buying Greenland and possibly Canada. Now, let’s imagine the following scenario.
Let’s imagine the following scenario: the U.S. buys #Greenland, agreeing on the terms and paying billions of #dollars to #Denmark. Similarly, let’s assume the same happens with #Canada. The idea here is that a massive amount of U.S. dollars flows out of #America into the global economy, into other countries.
Now, by that time, having accumulated a significant reserve of bitcoins, the U.S. abolishes the dollar and transitions to #Bitcoin—or at least, for international trade, they begin demanding payment for all goods and resources in Bitcoin. Meanwhile, the U.S. continues using the dollar to pay for imports into the country.
This creates a situation where the global economy is flooded with U.S. dollars that are no longer used domestically. As a result, the inflationary pressure of the dollar shifts to the rest of the world, becoming their problem. The U.S., now operating on Bitcoin, uses its reserves to demand payment for resources and goods in Bitcoin. Other countries are then forced to acquire Bitcoin, either by exchanging their surplus U.S. dollars—which the U.S. no longer accepts—or by paying for Bitcoin directly.
In this way, the surplus of dollar liquidity and the associated burden shifts to other countries. What do you think? Could such a #scenario realistically occur?
Let’s imagine the following scenario: the U.S. buys #Greenland, agreeing on the terms and paying billions of #dollars to #Denmark. Similarly, let’s assume the same happens with #Canada. The idea here is that a massive amount of U.S. dollars flows out of #America into the global economy, into other countries.
Now, by that time, having accumulated a significant reserve of bitcoins, the U.S. abolishes the dollar and transitions to #Bitcoin—or at least, for international trade, they begin demanding payment for all goods and resources in Bitcoin. Meanwhile, the U.S. continues using the dollar to pay for imports into the country.
This creates a situation where the global economy is flooded with U.S. dollars that are no longer used domestically. As a result, the inflationary pressure of the dollar shifts to the rest of the world, becoming their problem. The U.S., now operating on Bitcoin, uses its reserves to demand payment for resources and goods in Bitcoin. Other countries are then forced to acquire Bitcoin, either by exchanging their surplus U.S. dollars—which the U.S. no longer accepts—or by paying for Bitcoin directly.
In this way, the surplus of dollar liquidity and the associated burden shifts to other countries. What do you think? Could such a #scenario realistically occur?