저자: ChamathPalihapitiya · 외국인
요약 보기
차마스 팔리하피티야는 미국 재정적자와 국채 발행 구조를 설명하며 비트코인 준비자산 관련 목표치로 $750B을 언급하고 이것이 시장을 안정시킬 수 있다고 주장한다. 미국 부채는 약 35조 달러 수준이며 연간 만기 도래분이 약 6조 달러라고 설명한다. 평균 금리는 약 5~6%로 언급되어 이자 부담이 크다고 주장한다. 일본과 비교해 미국 채권은 해외 수요 비중이 크다는 점을 짚는다. 관세 수입으로 소득세를 0으로 줄일 수 있다는 행정부 측 발언도 인용한다.
다듬은 글
And part of why the stock market went berserk was they just got it totally wrong. And the back of the envelope math that I did and that a couple of my friends did and you know I would say they're much smarter than I am. They got to 750. I got to 750 as well. Howard Lutnik who's a commerce secretary has said like anywhere approaching 750 we have a line of sight to be able to cut uh income taxes to zero for anybody making 150 or less.
I mean, so we're we're in the magic zone here, guys. You know what I mean? Chamoth Palipia reveals that $750 billion is the new critical figure for financial transformation. Previously, Wall Street focused on $250 billion, which amplified Bitcoin's volatility. Now, Palahipia asserts that this larger target could stabilize markets, encourage policy reform, and reshape America's economic strategy, including ambitious ideas like eliminating income taxes for millions.
This market shifting insight could be the key to calming the chaos in the crypto world. Watch this next clip where Chamoth reveals how Bitcoin will reshape crypto and kill income tax. Also, if you enjoy listening to cryptoreated content, please show your support by liking and subscribing to this channel by following the link in my bio.
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So, here's the thing. America owes people a lot of money. Okay? We owe my gosh, I want to say maybe $35 trillion to other people. Now, it's it's important to understand who are those other people and why did that happen. Yeah. So, let's just say the five of us are running America. You know, we all go off into our own separate rooms and, you know, we come back with a plan and Andrew, you're like, I want to spend a billion dollars on defense.
And then, you know, Marcus, I want to spend a billion dollars on healthcare. And I say, I want to spend, you know, $2 billion on social security or whatever. And we tally it all up, right? And we're like, okay, to run America is going to cost10 billion dollars. How are we gonna get that money? The answer is we're going to go to all the individuals in the United States to pay for it.
By the way, just so you guys know, before 1913, okay, we had 120 odd years where all of that money, that $10 billion, whatever that number was at the time, it was all generated via tariffs. Okay? It was outside folks paying into to have the right to be in the United States. Then we would take that money and we would pay for healthcare, we would pay for social security, we would pay for military, we do all that stuff.
Okay. So anyways, fine. So here we are. But you add up all the amount of taxes we raise and it only is 8 billion. So what do you do? You go and you borrow from somebody who's willing to lend you 2 billion. Right? So just to just to clarify like that borrowing doesn't necessarily mean a bank. People can buy bonds.
they can buy these treasury bonds and isn't that similar thing. So what happens is okay we're like okay we need to come up with $2 billion where do we get it? So what happens is the United States Treasury is allowed by law to then go into the market. Okay I'll explain what that means in a second. And sell an IOU.
Mhm. Hey this this IOU is backed by the United States government. you know, full faith and fidelity of all of the assets that we own. Give me $2 billion. I'm gonna take it. I'm gonna fund this deficit and I'm going to spend my 10 billion this year. We've been doing that basically forever. Add it all up now.
We're at 30 some odd trillion dollar. Okay? Now, what is the problem with that? Well, that is a colossal interest rate payment. Imagine that you take out now a credit card every year, max it out. At some point, you know, you're going to have enormous interest payment, right? And that is dictated by the interest rate that is tied to the credit card that you have.
It's the exact same thing for the United States government. We have 30 some odd trillion of debt and we have a really high APR. Yeah. The APR is what right now? Well, I think the blended is I want to say like five 6% let's say. So, you know, you're talking trillions of dollars in interest. Okay, which is a problem.
Um, so on top of that, these credit cards, assuming you have this credit card, it expires and you got to go and apply for a new one. Mhm. That's what So every year, so right now in this year, America has $6 trillion of credit that is expiring that we don't have the money to pay for. So what do we need to do?
We need to rebarorrow that money. So issue more bonds. So we have to we have to sell bonds. So who are the buyers? The buyers are all these people around the world. Central banks, pension plans, also us. Yeah. So no. So here's so yes but asterisk the thing that America is America again I go back to like we are the star of the show okay everybody is levered to the United States everybody what does that mean if you go to Japan Japan is way deeper in debt than we are they have two times as much debt as we do relative to our GDP relative to the amount of revenue that we make and you would say Well, how's that possible?
When Japan finances their debt, the overwhelming majority of the people that are supporting Japan are the Japanese companies, Japanese pension funds, Japanese individuals, your mom, your dad, you know, buying the Japanese bonds. In America, it's not that. It's about a third are Americans, but twothirds are everywhere.
Okay? It's like the Saudi Aramco. It's Shell. It's Novartis. It's the Central Bank of Lutu. It's China. China owns almost a trillion dollars of our debt. So, so the whole point is if you can bring the cost of borrowing down. We save ourselves a lot of money. We make the headache much smaller. Now, here's a huge problem that happened at the end of Biden.
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