Network States

Internet 📈
Indians 📈
China 📈
DC 📉

Those are the four forces on the world as I see them. The Internet, Indians, and China are rising. DC is falling. And America is split between the American Network (rising with the Internet) and the American State (falling with DC).

What factors make you believe the american state is falling?

It’s bankrupt.

The state is making $2-4T a year with $175T in debt. So it’s not actually a rich country. It’s like a guy playing fake rich by maxing out his credit cards.

Default is coming.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

It’s bankrupt.

The state is making $2-4T a year with $175T in debt. So it’s not actually a rich country. It’s like a guy playing fake rich by maxing out his credit cards.

Default is coming.
https://open.substack.com/pub/balajis/p/americas-175-trillion-problem?r=2974h&utm_medium=ios

Is it really debt,  if you never have to pay it back?