SnuggleButt [he/him]

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Joined 5 months ago
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Cake day: July 27th, 2025

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  • Yes, this will eventually break our reserve currency status which would plunge the US into a fiscal nightmare situation. Our debt would finally matter and inflation would be seen like never before.

    They are purposely plunging it imo because the tech bros who backed Trump have a ton of crypto and their value isn’t denominated in USD, it’s denominated in assets. They also don’t give a shit about a functioning US because they can flee and go anywhere. The USD failing will not impact their wealth, and, at least in the short term, it will give them more. This is a perfect scenario in which the world might shift to a “currency” they already have a massive stake in. It’s essentially the equivalent to bringing a company they own a huge stake in, public, except at a currency level. It’s extremely dangerous and the USD is kind of the main obstacle. Even if Bitcoin is never actually used as a currency (and it’s not which means its intrinsic value imo is even less than a single dollar) as long as the charade keeps up, they can capture a large amount of wealth that they can translate to real assets over time

    If an oil-rich country breaks from the petrodollar and aligns with another currency, I think that would mark a very obvious end to US hegemony. Otherwise just a slow shift in what trade is denominated in


  • This is a great comment. I had my existential crisis at 23-25 and my god at 32 I am actually happy. There’s a lot of shit going around but I am happy with my identity, my understanding of the world, economics, politics, and people, and I feel like an individual. I have my hobbies and interests and humor and confidence. It sucked for those few years but it was an important growth period in my life in identifying what truly made me happy and sticking with it

    I think the most important thing I finally understood was how to completely stop caring about things if they don’t bring me happiness. Funny enough one of the best lessons I had was through a video game that just didn’t respect my time and I realized I don’t need to play for efficiency anymore, I can just play for fun, and if I’m not having fun, I will play something else. That extrapolated into understanding what and who matters and what and who doesn’t, and being able to prioritize my habits and my attitude towards the external world. It helps me identify and cut through the fluff and recognize the parts of things that are good and bad, and even if much of society and the economy want to hide things behind the bad (using my time or money disproportionately), I can recognize it now.

    Also understanding that I am a data point, and while I am just one data point, acting in a way that would communicate to the companies that I do business with that I enjoy or don’t enjoy something and not allowing them to dictate how I should live my life. I feel like I’ve reclaimed a version of child-stubbornness or innocence where I can see something for what it is, and push past it or stick with it, with a bluntness that only really children have. A disregard for norms