A 2024 article talks about their strategy: they believe in a radical 'rebirth' of the U.S. through a major financial crisis—one that would force a debt default, eliminate the Federal Reserve, and replace the system with a libertarian model centered on cryptocurrency.
These ideas may have sounded like conspiracy theories in the past, but in 2025, they seem more plausible. The current administration thrives on chaos as a distraction, yet its policies increasingly align with this vision of engineered collapse. Is this what’s actually happening?
Key financial backers of the current U.S. government, including Elon Musk and Peter Thiel, have advocated for a U.S. debt default and the dismantling of the American financial system. Are they now pushing these plans forward?
byu/lughnasadh inFuturology
49 Comments
How can we go to crypto when the current system is “Backed by the full faith and credit of the U.S. government” so Jawboning in essence? How is crypto not the same or worst we now have “Backed by the full faith and credit of the Silicon Valley”, I don’t think so Tim. We are, imo, going back to gold and by default Silver for general commerce. As it’s been the case for thousands of years. Ironically, all those computers need a lot of Silver and there is a huge deficit.
Who knows. Cults are hard to read bcause they change 180 quite often, without even blinking. I do beleive that there are few guys bored to death that want this new feudalism bllshit bcause they won the game of capitalism and now their lives feel empty. But those are tricky opportunistic bastards, they adjust their plans as they go bcause in their Utopia dreams they didnt count on millions serfs showing up with pitchforks at their doors.
Government bonds are the collateral that back up our banking system. When China sells us sneakers we sell them bonds. The reason the dollar is the reserve currency of the world is because we don’t default on our debt. It’s one thing to crash the markets with a dumb trade war. It would be an entirely different thing to turn America into a third world country, destroy the banking system and our global reputation in one fell swoop.
How many (tr)(b)illions of usd do people on retirement hold on us bonds ? They might need their ultra rich bunkers if they pull this one out! They would destroy the life savings of so many us citizens.
The US cannot default on its debt for the simple reason that the US debt is in $US and the US prints $US. This is a unique situation since all other countries in the world also have debt expressed in $US but unlike the US, they can’t print them.
People arguing for a US default are simply angling for wiping their own debt.
People who want a well governed civil society abandoned the fantasy of a libertarian anything long ago. Libertarians are anti-society, anti-governance and driven by personal greed and quest for control. It’s ridiculous that you can be this rich and still this ignorant.
Yeah, that won’t affect them. In fact, they’ll get richer off of it. But the vast majority of Americans? Ruin.
This type of talk is the reason some countries are discussing removing their gold reserves from the USA.
Sounds like some sort of ‘Great Reset’ or something they would have accused others of advocating for. 🤷
Anyway, buckle up girls, boys, and thoys, it’s gonna be a bumpy 20 odd years. Learn skills and history now. See some of you on the other side ✌️😉
America must clear it’s information space and guard it zealously and start to see these guys as necessarily evil. America ruled the planet when these scumbags were at bay until 1980. It’s important to understand that most captains of industry tend to imagine that a totalitarian state they control like their business is good for business. Often sociopathic, the life and death of hundreds of millions cannot mean anything to them under any circumstances. They repeatedly buy the law in America, overextend, and crash the economy often taking the world with us.
The savings and loan deregulation, the 1986 and 2017 tax laws that took burdens off the ultrawealthy and degraded government or ran up the deficit at the expense mainly of the bottom. The entire deficit was allowed to happen once high income people and corporations knew they could buy the tax law to relieve themselves of the burden and force it on lazy and careless taxpayers who cant figure any of that out. And who are subject to buying propaganda if overexposed like all humans.
Oh, and the 2005 bankruptcy act where both parties let the bank lobby redraft 90% of every word in it to rig federal bankruptcy laws in favor of big money only that helped lead to the 2008 world financial collapse. As a bankruptcy attorney I directly saw Wells Fargo and others over-invest in risky assets because they were less worried about bankruptcy filings and executives hoped for big commissions with no downside for the higher loan volume, but had utterly failed to plan for people who didn’t pay because they were too broke whether they filed a bankruptcy at the new higher cost to consumers or not.
You can see this being sold to Trump..
Abolish the dollar.
Trade in only magic beans.
Pay off debt with magic beans.
Boom, no debt
& more beans than you can ever eat
>Kevin Roberts, like Leonard Leo a member of the secretive extremist Catholic organization Opus Dei and one of the principal architects of Project 2025, wrote a book called “Dawn’s Early Light: Burning Down Washington to Save America,” with J.D. Vance supplying the foreword.
It’s like a sequel to *The Truman Show*, where we’re all playing Truman and Dan Brown is playing the part of Christof and pulling all the strings.
They’re destroying the dollar and want to make a new currency; another tool for more control over us; no ty
How can you feel that the current system isn’t working for you when you become a billionaire because of it?
The insecurity and insatiable desire for power of these tiny men will always boggle my mind.
I’ve been convinced that yes this is what Thiel (and others with Vance as an acolyte) wants and is acting on but not convinced that Musk does. I think Musk has turned his brains to mush with the drug use though. Trump is a very stupid man who is easily manipulated.
That would be incredibly stupid.
The entire US economy and prosperity (incl the parts billionaires love) is built on USD being world reserve currency. Zero chance of that surviving a debt default.
It really doesn’t make sense to bet the farm on shaky odds when you’re #1
Can the USA just print more money and put that new magic money against paying down their debt?
Needs computers, all computers are government control via the Internet.
LOL socialism for the rich harsh capitalism for everyone else…
If they default and dismantle the whole system thats ww3… Debt is debt, you cant just print 38trillion dollars and say oops, we fucked up lets reset, and do it for realsies this time…
Oligarchs must be crazy to think that generations of debt servants and American dreamers will just let go of their investments and hopes.
The debt US owes, and the private market debt that US holds, the banks, the old money and new money… thats dismentalling systems that go back hundreds of years. US cant just default, if it defaults its lost the global position, it will be exactly liek germany of the 1900s…. the germany that lost ww1 printed ton of money and launched ww2.. just to come out of it again in 2025 as Eurpean leader… Millions of lives were lost for this to happen, do you all really think we will just go to war so that the rich can stay rich with their ivory towers in 2025 and beyond? lol nah…. communism will come to america befor they just reset the debt clock..
Lol financial backers. All their net wealth liquidated couldn’t fund the government for a year. These leeches have taken more than they’ll ever give the government.
So many of the dark money forces that have been at work for the past 30+ years have libertarian roots. I don’t think this is a conspiracy theory at all, I think it’s exactly their plan.
Libertarianism is the ultimate “me first, F everyone else” platform.
Back in 2011 Senator Mike Lee advocated creating a financial collapse to force a rewrite of the U.S. constitution.
Think about that for a moment. Is that what these clowns are pushing?
Most likely this is the plan, but it isn’t going to work.
I didn’t know they had advocated for it but it seemed to me to be the obvious end goal of their behavior. Write off the debt, destroy our ability to borrow and ensure the government can never run deficits again. Replace the dollar with crypto, replace the government with an AI-powered techno feudalist surveillance state. This was the plan Theil and Musk hatched nearly 30 years ago. Now they are ready to do it.
Fuck them house cat billionaire tech bro libertarians
They always want more. A bigger piece of the pie, a bigger percentage of the total. If the total goes down, but they stay the same, then they have a bigger piece of the total.
crypto is a horrible idea. You can literally strong arm the poor and rich can disguise all illegal behavior.
Yeah accelerationism. Karl Marx was technically an accelerationist as well.
The Federal Reserve is a private company. It is not a government entity. It’s owned by a small group of 33 degree Masons.
Sounds like countries should be calling in US debt now before they lose out on it
We’re at a crisis point anyway when it comes to money.
The only real value of money for most everyone is it’s relation to labor. People hoard it because it represents labor they won’t have to exert. There’s no gold to back it so when more money is printed, the labor value gets diluted and we all get inflation.
AI and automation is already poised to change the labor market. As we’re seeing, jobs are being eliminated and won’t likely be replaced with humans. Over the next decade, robotics will be the source of most labor.
People won’t work so won’t get paid.
Outsourcing labor to other countries won’t be necessary.
Goods will still get made but for whom, us?
Money will lose its connection to labor.
If no one works and has no income but things are still made without effort, then what purpose does money have in the world?
I realize it sounds silly but it’s actually a problem we’re not preparing for though we all see it coming. If work isn’t an option and everything is still being made then what’s money for?
Didn’t know about this, but have been telling people that I’m waiting for them to announce that they are paying off the national debt with a new crypto coin.
That would take things to a whole new level.
You think the market was a shit show this week, it would be a shit blender without a lid if they went with this plan.
Surely they wouldn’t lie to us 47 times in a row? This time they’re telling us the truth, I’m sure of it.
If we default, your 401k is going to be worthless.
I would expect some rather ‘earth shattering’ levels of cutting the US out of the economic picture if that were to happen. Europe is already talking about local facebook/twitter replacements due to the rampant misinformation on both platforms. I’d expect the US to get segregated from the world economy and pretty much exiled perpetually, we would have essentially taken a functional economy and crashed it and the world economy just to avoid paying our bills.
Current dollar pyramid slavery system should not exist. World reserve currency should belong and benefit all humanity. Not only handful banker crooks.
This is quite far fetched. They will steal whatever is not nailed down and do a hell of a lot of insider trading but the rest would just make them the most sanctioned people on earth. The freedom cities tho, that’s another story, much more plausible
the fed needs to go, but not sure these fools are the ones to do it.
In what way, shape, or form are these asshats the ‘financial backers’ of the U.S. government?
They’re leeches off of the U.S. taxpayer.
This is exactly what they are trying to do. And succeeding so far, unfortunately. It won’t make it all the way, though, because what they don’t realize is that a complete financial collapse of the U.S. that leads to the Fed dissolving and the U.S. moving to crypto has an interim stage where hundreds of millions of armed Americans watch their kids starve. With no jobs, these folks will have a lot of free time and motivation to find the Peter Thiels and Mark Zuckerbergs responsible.
We’ll never get to the libertarian crypto utopia these idiots imagine. Instead, the U.S. will be mired in a massive Depression that reshapes the entire globe for a century or more, and the U.S will never regain its post-WW2 dominant status again. A tremendous “own-goal” by these fucking Ayn Rand loving dipshits.
What do you pay your guards if it’s money they can’t use or don’t understand. Businesses would need to transition from dollars to crypto, just easier to take their shit and kill them. Huge gamble by these billionaires
Elon should visit this sub for what young men really think they would do to him in a post apocalyptic world and it ain’t pretty. He would be supporting funding government agencies real quick.
This is the problem with idolizing entrepreneurs and CEOs. Their expertise does not extend beyond Business establishment, development and management and yet we pretend like they have more than an economics 101 and public policy 101 understanding…and they believe it. And their attitude towards an entire civilization is like that of a curious toddler or a prideful teenager, happy to break things to learn and confident that their hunches and feelings are facts.
Most of our retirement accounts are set up to automatically shift towards more bonds as we age because they’re supposed to be super-reliable. This would devastate our elder population.
I still can’t figure out why they even care. Most of these pricks barely pay any taxes, they can go to any other country, any time they want. Seriously, what is the compulsion to cut government spending to them? They literally rely on government services for most of their businesses to exist.
Well Thiel already lives in a house he purchased across the street from Vance’s official residence in DC. Zuckerberg just purchased one just last week right next to Thiel for $23 million. I can’t imagine it’s just a mere coincidence.
I can’t wait to pay my mortgage with trillion dollar us notes, I’ll put them next to my billion dollar Zimbabwe notes
How do you default on your debt when you have a money printer? Claim you’re short on paper?
>**Thiel believes that the 2008 financial crisis should have led to a depression. Indeed, it was the investment thesis of his firm, Clarium Capital, that this would happen. But low interest rates and other bailout measures kept Thiel’s “bet against the United States” from working out. Now, he’s out for revenge.**
Well Thiel already lives in a house he purchased across the street from Vance’s official residence in DC. Zuckerberg just purchased one just last week right next to Thiel for $23 million. I can’t imagine it’s just a mere coincidence.