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(media.greatawakening.win)
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The devaluation of currency (inflation) causes debt to depreciate.
Isn't that technically manipuIating doIIar worth? And isn't debt primarily how the U.S. doIIar is trying to stay relevant only after moving away from the goIdstandard? I mean, I do admit I'm not exactly knowledgeable about this kinda thing, but is it possible that this is abandaid soIution that only is necessary because the actual probIem has never been addressed?
Yes, if your goal is inflation, you manipulate the currency to inflate in a stable manner.
I don't understand your question about the gold standard. The US dollar is relevant because you need it, on a state level, to buy and sell oil and on a personally level to buy and sell milk or whatever.
Inflation invites growth. It does so by devaluing debt, allowing for people to pull money from the future at a discount, provided they invest it toward the future.
You can argue that endless growth isn't a great goal and fair enough, but to ignore that growth and think that everything would be the same, only we'd all be richer is foolish. If money didn't inflate, we'd be decades behind where we currently are in technological development.
I mean on an international level. Ever since 1971, the US had to rely on something, and it was my understanding that seIIing debt as an investment was one of two ways the country managed. The other is thepetrodoIIar, of course.
That being said, I think I understand what you're saying. It's an investment. But is it sustainable is my question? It seems defauIting is an inevitability with such a system.
That is the big question, is it sustainable? I don't know.