The United Bitcoin of America is now in full swing. With ears being shot off, suspects stepping down, and crackling Jackie Brown ( stepping in, suddenly Bitcoin’s value and importance in saving the US economy is at the forefront of both campaigns.
Many of us in this space have pointed out that having Bitcoin on the balance sheet not only benefits private investors but will work for businesses too, especially for governments with a declining currency that needs pegging to something other than gold. While this may not apply to the US, because the might of the dollar is pegged to their power and influence, there’s still a case to be made for Bitcoin.
But there’s hope. Actually, there’s more than hope: there’s logic, there’s clarity, and there’s a very simple solution to the entire US deficit, which has been pointed out several times by many whose voices are often drowned out in US politics. For the sake of this piece, they shall not be named, but their ideas are simple:
- Add Bitcoin to the national reserve, just like gold.
- Pass a law that states if there’s any future deficit of more than 3% of GDP, all sitting members of Congress/government are ineligible for re-election.
“Simple, but hard to execute,” which isn’t a description of the new Democratic candidate ( Jackie Brown ), but an approach to fixing the issue which could save the US economy. However, something tells me a few more “ears” might get shot off before this happens. Let’s hope not, because if a man survives a shooting, there’s a reason he’s been allowed to “dodge this bullet,” so to speak, and that mission or cause is probably to save the United Bitcoin of America.
There is a serious point here, especially when talking about “accountability” for those in charge. Why does Congress still get to keep their seats when the deficit has worsened? It wouldn’t happen in a business or even a sports team. Accountability for people’s actions or lack thereof needs recourse, and this just doesn’t seem to exist in the US.
I’m not a superstitious man, well, okay, maybe just a little. But like most people who have a macro view on the economic governance of governments’ financial responsibilities to their people, my senses are telling me that “the stink” we all smelled a long time ago is now becoming a raving fog of something deeper than we imagined.
And while this fog is clouding our judgment, a pushback on getting Bitcoin on the balance sheet is emerging as the corridors of politics start tearing each other’s ears off in a fight to gain control over what could be an easy victory in turning the US economy around.
With just four months left until we find out who will put Bitcoin on the US balance sheet, let’s hope no more ears have to be blown off to get there.
