Why burn xrp? Pay off US debt with xrp instead.

[quan]

Here is an idea, 

Instead of burning xrp, I suggest Ripple to write an option contract to gift Fed around 30 billion xrp as a exchange of Fed’s commitment to provide the public liquidity of xrp, for all the business and banks to use. 

The current US debt is about 22 trillion,

22,000,000,000,000 / 30,000,000,000

= 733

If Fed sells the gifted xrp in the average price of $733/xrp, US can pay off the debt completely and protect the dollar from collapsing. And xrp can strengthen its use case as a dollar’s life saver. 

This is a very good chance for the Fed to solve the global liquidity problem in the most democratic way possible.  

This scenario is win win for everyone, it benefits the government, private business, and the citizens of the world. 

This kind of chance doesn’t come by often. Digital asset can literally save the country if they adopt the asset in the right way.  

What do you think of the suggestion Ripple? 

 

[Milly238]

$733 sounds great, if thats how we get there then im with you! Interesting thought.  

[peanut56]

IDK if it would work, but I'm ok with $733 per xrp. I think the issue is demand. Then getting ripple to gift that amount of xrp to the gov't. It is a tall order.

 

[Valhalla_Guy]

I like your thinking but If you “gift” the US Govt $22Trillion they will spend $44 Trillion. Same as any other govt.

[mathesmith]

18 minutes ago, quan said:

If Fed sells the gifted xrp in the average price of $733/xrp

But who will pay $733 per xrp?

[SilverSailor]

While I'm too down with $700+ XRP...Govt issued fiat will ALWAYS be repaid, in full, there's no real debt crisis due to inflation, they'll hang you (with inflated goods prices in your economy against a weak currency) before they'll neglect to repay(say i.e.  T-Bills, in USA). Any govt, know you'll get your $million, but it might only buy a loaf of bread in your country...see Weimar Republic as an example, read "When Money Dies" by Fergusson

Edited August 8, 2019 by SilverSailor

[rootvegetable]

Just now, mathesmith said:

But who will pay $733 per xrp?

The US government will purchase it for $733 each by issuing debt which will be mostly purchased by the fed, duh. And the circle continues.. 

[quan]

12 minutes ago, mathesmith said:

But who will pay $733 per xrp?

Fed said they are building transformative financial “infrastructure” of the country. 

If xrp ecosystem is involved in the infrastructure,  all kind of investment would follow globally as soon as it’s announced.

 

Edited August 8, 2019 by quan

[MegaNerd]

7 minutes ago, mathesmith said:

But who will pay $733 per xrp?

Same people who bought BTC at $19,050

If BTC were to ever hit $1 million, it means someone is willing to spend that much

Edited August 8, 2019 by MegaNerd

[elias]

If the US is 22 trillion in debt, who is that money owed to?

[AlejoMoreno]

Screw the US debt.

Use that money to: pay off all educational debt for all students, pay off everyone's outstanding medical bills, build a high speed rail system connecting all major US cities, clean up the PLASTIC ISLAND in the middle of the ocean, or some other tangible thing that helps people and society. 

The US will continue to blow money and will never stop. 

Maybe the US should use some of that debt to help all of us that worked hard to pay for out school. Or help us that have ill family members that can't afford medical bills. Oh wait, the US can't because we are too concerned about our military budget that is limitless if it needs to be.

[mathesmith]

...and there goes the thread.

[Guest]

3 hours ago, mathesmith said:

But who will pay $733 per xrp?

no one.

there is no demand at 30 cents let alone $733. lol

Edited August 9, 2019 by Guest

[Montoya]

Why not sell them for $73,000 per XRP??!!!! Even Better! Then we could not only pay off the national debt, pay off the entirety of Argentinian guy's student loans (which is totally fair as I assume someone put a gun to his head and forced him to take them on), but we could also give a new lambo to every needy teenager in America!!! Oh, and of course the plastic island....that will be turned into a resort destination known as Plastopia. After all, we have to do something with all our new found wealth. 

 

[Shuz]

1 hour ago, mathesmith said:

But who will pay $733 per xrp?

Illuminatti🤔