asciilifeform: when usg sets off a bomb in iraqanistan, the metal, trotyl, guidance circuits - are also 'sold' and 'below market' also.
asciilifeform: mircea_popescu: i can't even imagine who would be dumb enough to lend btc to usg, considering the gold obligations affair
asciilifeform: mircea_popescu: re: usg wasted another hundred million... << if they can't power the waterfall with debt, they'll power it with plundered btc (as being done now, at least as suggested by the publicly known facts.)
asciilifeform: how much does that particular bureaucracy actually make decisions, in whatever sense, and how much just provides 'institutionalizing spraypaint' for decisions made by actual human somewhere in the loop ?