Damus
preston profile picture
preston
@preston
My thoughts on DOGE 🐶, it's potential impact on the deficit, whether fiat will keep expanding, and its impact on Bitcoin. Would love to hear your comments below.
4116❤️97🤙26❤️2:fire:1👍1💜1
guy · 76w
so in short... nothing stops this train and we are fucked and this is mostly just showboating.
DRE · 76w
Too early to be pessimistic. Everyone assumes mandatory spending can’t shrink by stopping dead people from getting SS benefits, for example. Waste and theft can be removed without needing to cut the goods and services entitlement programs provide. How much remains to be seen, but I wouldn’t be s...
Chucky 🫂 · 76w
On Sunday, Trump hinted that the United States might renege on some of the $36.22 trillion that it owes on the national debt. https://newrepublic.com/article/191367/trump-treasury-default-bond-market
Jim · 76w
Thanks for the breakdown and thoughts. I’m guessing within that large defense budget there is a large amount of waste, easily 10-20%.
Dove · 76w
Good analysis, thanks. IMHO, they will turn on the money printer, big time. And they will use the whole process to move more money to the billionaires. They will continue the Trump tax cuts and more. Plus, project 2025 makes it clear that they will go after Social Security and Medicare
Karnage · 76w
No. All this fraud cutting is terrible for bitcoin. Sold it all already.
DocStacks · 76w
Jerome Powell posturing yesterday that QE not immenint but I agree. Nothing stops this train. https://www.federalreserve.gov/newsevents/testimony/powell20250211a.htm
Energy Producer · 76w
Love this, TY. I’d also add that nat gas in forecasted to rise 24% in 2025 so adding pressure on the cost side via electricity.
SoEV · 76w
Cutting things like the department that looks at voter fraud…EPA…DoE…are not “fiscal moves”, they are moves to make themselves stay in power for longer, democracy is being attacked, but for some reason you all seem really distracted…
SoEV · 76w
Also, thanks for posting this here, did you get my tag? Hahahah
Parallel Structures · 76w
Anything gov is smoke and mirrors. It's the antithesis of the one true King
freecritter · 76w
This kind of content is what Nostr needs. Great to hear your perspective!
Evan · 76w
"Nothing stops this train." - nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm
ODELL · 76w
NAILED IT. GONNA STAY HUMBLE AND STACK SATS ABOUT IT.
Send_it_Mike: F**k this War · 76w
“ 'Great civilizations are not murdered. They commit suicide.' -Arnold Toynbee" -Jason Lowery's Soft War I'm 100% with you in that we're trying to drain Lake Superior with a hand bilge pump. Is it doing something? Sure, but is it really doing something? No not really. What I was hoping to see fro...
Bugle.News #40HPW🎧 · 76w
This is why we need Big Balls in Washington.
EVAN KALOUDIS · 76w
Spot on!
wildcatfish · 76w
Nothing stops this 🚂
hasky · 76w
thanks for the videos.
Telluride · 76w
Great breakdown. Btw, your pod with CJ was off the fucking hook 🧡👊🏻🍻
🫥 · 76w
# government efficiency, especially on a fiat currency system, is an oxymoron
Sourcenode · 76w
Great vid. I'm enjoying this format. Is it possible that tether or some other stable coin will fill the gap for new liquidity? JPow is still looking fairly tight at the moment and I don't see a recession anytime soon.
Robertrobert · 76w
Nice work! Like these viewpoint video takes✌️
Noxious1 · 76w
An economic system that depends on continual inflation will bring about it's own downfall. It's happened before, and it will likely happen within our lifetimes. Good thing we have #Bitcoin.
Cho · 76w
My husband posted this video for my Korean families. Thank you. We love you!
Gavin · 76w
Great analysis. Govt spending reminds me of caloric intake in a way- Cutting out bad calories without replacing them with good ones causes a deficit and the body will shrink. Cutting wasteful M2 is good as long as it is backfilled with other liquidity, otherwise the market and tax receipts shrink.
Blazar · 76w
Pretty botched job if you ask me. Could be done more effectively with less collateral damage. Lasting and legal changes not the sensational paper gains they’re claiming. My god just cut Pentagon budget a few hecking points does more than jamminga bunch of folks who probably have some good intenti...
nicnym #BIP-110 · 76w
If doge really does it that means more time to stack!
cryptowolf · 76w
https://media3.giphy.com/media/v1.Y2lkPTc5MGI3NjExbGg5dHF2N3JoODdtOGNvZjd1ZXdxNHp5NXlieWw1bmNscnFuOWI5YSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/Ogak8XuKHLs6PYcqlp/giphy.gif
Chh2os · 76w
Anyone that can shrink the size of the govt is an American hero in my book. I'm looking forward to see what they find at the IRS! Audit the auditors! LFG!
Vampire · 76w
I suspect the entire effort will have limited success. There will be some headline wins but the spending will continue regardless.
Ronin · 76w
Think DOGE will be very good for American people, i don't think it will be a deflationary event, I believe the gains will flow to Americans in the form of less taxes, also interest rates will go down so all of these are more liquidity. About the US debt, Jeff Booth already said it, it's insolvent, n...
moonmechanic · 76w
I know you can’t hear me, but I’m clapping. 👏 👏👏👏
Common Sense · 76w
correct conclusion. “all roads lead to inflation.”