It’s a great story….i get the attraction to it. But the math doesn’t net out. Graph global m2 and debt. Now take the same 2nd derivative line forward 5-8 yrs. A few trillion in stablecoins over next 5-8 years doesn’t even cover a tiny fraction of govt borrowing needs. And that’s just marginal NEW debt needed to keep the existing system afloat. Not the mention the hundreds of trillions of EXISTING debt that is a write off. The whole world IS Zimbabwe. Just on a different time scale. All these (CBDC et all) will be tried. No doubt. Govts have to do something! But these just aren’t a big enough boat. And to even try requires massive global co-ordination. Not just US acting alone. Good luck with that 🤣 (I founded and managed a multi billion dollar credit hedge fund in the 2000s, so I’m not talking as a layman. Just for context.) Lastly, the massively deflationary impacts from AI in that same time period make the situation far harder for them to navigating as well. (Read: even HIGHER deficits needed) That’s why I’m so confident on timing. We’ll see! It will be a wild ride either way! 🎥🍿

I’m reminded of Mike Tyson’s famous quip….”Everyone’s got a plan, until they get punched in the face”. A punch in the face is coming. For the entire architecture of central governance globally 😉 Funny story… I walked into many boardrooms to meet with my investors on our “short all things mortgage and subprime” thesis and trade in 2007 and was often rebuffed with “AAA rated banks and fin cos CANT default”. You’re making a big mistake. My response was always the same. Leg go of your reverence for/dogma about these institutions and thier 100 years of history. It’s just MATH. 🤓