This might sound like a dumb question, but will future historians say it was clear that it was collapsing.
This interview, its all good, but what he says in the first 6-7 mins is what stands out for me. So, a city can get robbed. A city.
Nathan Thanks:
Maybe there’s some legal dispute that comes up and they decide to sue you after, but that’s a whole new legal environment. There’s no, like, oh, I can just take it back without going through any legal process, unless you’re the federal government. And so what they’re shaking with, with the possibility that—and from all the experts I’ve talked to and, you know, some anonymous sources, it seems like they really are, you know, they really just have—there’s no, like, guardrail on their ability to just take money out of anyone’s account.
That’s messing fundamentally with the concept of money. Like, we kind of, you know, when money is physical cash and I can hand you some dollar bills and then you can walk away, the idea that their payment is final is kind of easier. I have to go track you down, chase you down, have a court case to find you, and, you know, send some people out there. But with accounts, you know, there’s always that awkward question of, well, can’t I just take the money back in your account? And we have all sorts of legal and operational niceties that make that concept go further and further from your mind.
There are people who experience these kind of things already, immigrants before the recent crisis, sex workers. You know, there are all sorts of people at the margins of the financial system who know about how kind of shaky payment finality can be, but it’s not a generalized thing in the whole society.
It’s not, for example, taking money out of New York City’s bank account. And so all of these things together, you know, where they’re connecting it back to the financial crisis, is if you start recognizing that the United States government is undermining the concept that a payment is a payment is a payment and that there’s payment finality and that you have the idea that at any moment your bank account can be frozen, debited, anything else, and that you can’t really, like, trust having even just money in the bank, even if it’s deposit insured or whatever, because the Trump administration is taking the prerogative that they can just take anything from you, it’s a, you know, there is already sort of, if financial markets took this seriously, this would already be, like, a burgeoning financial crisis.
On its own, this is concerning. But let’s not forget that Russia was also robbed of $300 billion.
Saw this, and thought no way he said this.
I had to go check his annual letter to see if it was true. He said:
If the U.S. doesn’t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.
Now here is the crazy bit:
This accord is the kind of thing that will blow up in your face. More to the point, it’s the kind of thing an enemy will try and use against you to make sure it blows up in your face.
This guy is deep in it:
It’s strange, but this is more disturbing than kinetic war. Maybe because I don’t know much about the financial system, or because how fast and deep the chaos can reach.
I’m old enough to remember the 2023 bank run:
So, Stephen Miran calls for restructuring of US debt. Talks about a 100 year bond, basically robbing all US bond holders.
Today, I hear a podcast saying exactly the same thing.
I always thought of things in more traditional military strategy. I don’t know much about financial markets, but I must either be on crack, or these mother fuckers are deliberately trying to destroy the system so they can plunder it and replace it with private systems.
Sure, they say it’s to do X, or y. But the fact is Musk started off with a payment system X, and then PayPal. Now he’s trying to make Twitter into an all in one payment system like Ali pay.
Trump has his own, or a family controlled stable coin/ digital financial company.
In the documentary, The four Horse men of the apocalypse, they say that the internal barbarians (if I remember correctly) start to devour the empire from within.
Maybe post Soviet Russia. We all know what came after. 
I don’t what’s going on, but something big is cooking. Dare I say these mother fuckers are trying to capture/birth in a new financial system with them in charge, or at least, with a very big slice of it. I don’t even know if it’s possible.
I don’t know much about the financial system, but I can tell you this, I know a grand strategy playing out when I see it.
