/biz/ - Business & Finance

>>57959773
The post bretton woods era collapsed in 2009 everything since has been patching a ship sinking through holes.

Ideally bretton woods 2 would be a solution but it's politically imposible, well funnily the usa can do that now thanks to btc & stablecoins since btc is bretton woods keynes bancor, and stablecoins are a way to control the speed of the detachment since they demand us treasuries.

A big reason they rescued banks after they went down due to the bond shit, is because the game theory is broken, if they had let them fall it would have lead to people moving wealth to "too big to fail" banks and these few remaining big banks would have 0 game theoretical reason to act rationally.

In fact it would be even better to have a single bank aka cbdc but if you have a cbdc you don't have a bond market so it would be all modern theory monetary nonsense that would inflate harder than covid gibs did.

So either they do bretton woods 2, let btc & stablecoins go up, or move to a physical cash only monetary system with unbacked banking.

Of those options funnily btc & stablecoins is the best politically because it happens by itself.

>>57572810
wtf happened bro

>>57266463
Any shekels for a poor oldfag?