I popularized the term nothing stops this train.

I was talking about the fiscal deficits.

It's because we can't agree on how we're going to balance things.

So this error just keeps spilling out as we failed to agree with each other.

And in a Bitcoinized world, that can't really happen.

Like defaults happen before that just runs forever.

Yeah.

Is it fair to say that it was like a bait and switch that we got used to using these

paper derivatives and then eventually were rug pulled on the underlying commodity?

What that did was that gave a ton of power to the entities that were running this ledger.

And then by extension, that was the central banks.

And because those are really big honeypots, the government can just kind of say, we can hold that now.

When I was debating Peter Schiff, this was like probably the crux of my argument.

You can't scale gold without promises.

So it's not to say that it's useless, but it doesn't serve that same purpose of really trust

minimize money.

Because it's highly corruptible, right, That someone could get in charge of that thing

and then bend the rules to disfavor everyone else.

Yeah, if one central bank does things improperly,

and that central bank, the Bank of England, did in World War I.

They really lied and cheated about how much money they were printing.

They rug-polled not just their own citizens,

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