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.
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The article doesn't explain how
https://www.zerohedge.com/economics/its-game-over-fed-expect-monetary-rug-pull-soon?utm_source=&utm_medium=email&utm_campaign=851
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.