
qinbafrank|Jul 04, 2025 15:17
I completely agree with what Brother Ni said. Debt restructuring is either about reducing the scale of debt, lowering the cost of debt interest payments, or significantly reducing the deficit. Without these three points, how can we transform debt. From this perspective, the stablecoin bill cannot solve the debt problem in the United States, but only provides a new purchasing power channel for US bonds to undertake more future US bond issuances.
I have previously discussed that stablecoins cannot solve debt problems: https://((x.com))/qinbufark/status/1930450515302985916? s=46&t=k6rimWsEbo2D2tXolYcM-A
Even the Pennsylvania Plan being promoted by Besant https://((x.com))/qinbafrank/status/1939875405709652056? S=46&t=k6rimWSEbo2D2TXolYcM-A is essentially just a solution to the problem of debt demand. The real solution to the debt problem is the tariff (source) efficiency reform (throttling) that was promoted in the first quarter. The purpose may be very good, but the pace and intensity are chaotic. Efficiency reform is basically impossible, and it has returned to the old path of fiscal expansion. https://((x.com))/qinbank/status/193946341414719767? s=46&t=k6rimWsEbo2D2tXolYcM-A
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