Posted by mirhamedali on 14th of Aug 2022 at 10:19 pm
The article doesn't explain how a "reset" would adversely affect
the consumer class.
If there is a system reset then the US government decides it
won't pay it's debts any further - highly unlikely... Or they
simply print 30 Trillion and pay off all of their debt.
People assume this would tank the US dollar but I don't think it
would be affected at all since the greenback is the vehicle for
flight to safety in times of crisis. There is no alternative
today.
Such a massive printing would not necessarily be a huge transfer
of wealth because you are simply returning money that you
borrowed.
Overall this is a better solution than the US economy
imploding.
https://www.zerohedge.com/economics/its-game-over-fed-expect-monetary-rug-pull-soon?utm_source=&utm_medium=email&utm_campaign=851
Posted by dakotadj on 14th of Aug 2022 at 07:45 pm
https://www.zerohedge.com/economics/its-game-over-fed-expect-monetary-rug-pull-soon?utm_source=&utm_medium=email&utm_campaign=851
zerohedge.com
It's Game-Over For The Fed - Expect A Monetary "Rug Pull" Soon... | ZeroHedge
In short, the Fed is trapped... Raising interest rates high enough to dent inflation would bankrupt the US government...
The article doesn't explain how
Posted by mirhamedali on 14th of Aug 2022 at 10:19 pm
The article doesn't explain how a "reset" would adversely affect the consumer class.
If there is a system reset then the US government decides it won't pay it's debts any further - highly unlikely... Or they simply print 30 Trillion and pay off all of their debt.
People assume this would tank the US dollar but I don't think it would be affected at all since the greenback is the vehicle for flight to safety in times of crisis. There is no alternative today.
Such a massive printing would not necessarily be a huge transfer of wealth because you are simply returning money that you borrowed.
Overall this is a better solution than the US economy imploding.
Has ZeroHedge ever written a
Posted by tgo5043 on 14th of Aug 2022 at 08:55 pm
Has ZeroHedge ever written a bullish piece? Curious.