>>513888513
>>513888941
>>513895502


Did this yesterday: >>513807748
>>513807748

>>513599033
checked, True (getting *out of* USD as much as and in any way possible) definitely weakens the U.S./the west hegemony overall, that's what for example BRICS strategy is rn
But that's only part of the overall problem of global debt-based economic model and post-1970s Financialization of the global economy; an
infinitesimally tiny part, in full reality.
On an individual citizen basis, only a small percentage of citizens can actually 'stop using (debt note fiat currency) money'. It's just not possible beyond say (let's take U.S. populace for example), less that 15 percent of the mass populace ever to actually even do that. Yes they *SHOULD* and ought to but ngmi or happen
and there's the problem of fungibility/practicality, people have to eat and live and exchange, not everyone can move out of a centralized urban area etc.

>>512418807
>>512418927

Global debt (bond) market is what underpins everything.
When the global bond market collapses, all of it instantaneously implodes

https://archive.4plebs.org/pol/thread/500310690

>>509461097
>>509461364
The problem is not (as your topic mainly infers and concerns) personal debt loaned by local/national banks.

TL-DR: it's not just or merely about personal debt

Entire global economic financial system is founded and built upon debt. It's a Debt-Based Economic Model.

What that means: all of the world's wealth is sourced from issuance of debt note fiat currency, each unit of which has a corresponding unit of debt in the form of *bonds* that must be bought. On the global debt (bond) market.

The debt *must* be bought. Or the entire system collapses.

https://archive.4plebs.org/pol/thread/500310690

>>508289521
>as long as possible
Except that's coming to an end, right now. See upthread

One of the main imminent trends post-covid (apart from sheer magnitude of overall debt greater than ever) is the *tandem expansion* of both fiscal(gov spending) and monetary(central bank+treasury "moneyprinting") can not continue, a rubicon has now been reached. Interest Payments on the debt annual discretionary spending: TL/DR annual gov budgets now consists of mostly Interest Payments

and now,
No one wants to buy the debt.
Purchasing of debt, a healthy and stable bond market is a crucial element of a Debt-Based Economic Model

Prescient clip from December 2019 (just prior to covid)
https://www.youtube.com/watch?v=SMHQaxd5N-Q

>>508156800
It's a global Debt-Based Economic Model
fueled and founded on ever-expanding infinite debt via debt note fiat currency from private central banks