So from reading some of those twits, the US dollar will skyrocket in value? Basically saying the rest of the world owes the US 80trillion. So the Fed will just keep printing money as fast as possible, to be covered by foreign money, eventually.
Sort of my understanding. All debts still have to be reconciled in usd unless the whole world defaults. Let’s say all debts are reconciled the dollar will collapse as well. Basically everything has to go through the dollar even the collapse of the dollar. Causing the dollar to be more expensive for a time. The world doesn’t want that they like their cheap hand me outs. “Our” “Federal reserve” doesn’t work for us but for foreign monetary interests.
A little incoherent. But that’s my basic understanding.
So from reading some of those twits, the US dollar will skyrocket in value? Basically saying the rest of the world owes the US 80trillion. So the Fed will just keep printing money as fast as possible, to be covered by foreign money, eventually.
This close to what this means?
Sort of my understanding. All debts still have to be reconciled in usd unless the whole world defaults. Let’s say all debts are reconciled the dollar will collapse as well. Basically everything has to go through the dollar even the collapse of the dollar. Causing the dollar to be more expensive for a time. The world doesn’t want that they like their cheap hand me outs. “Our” “Federal reserve” doesn’t work for us but for foreign monetary interests.
A little incoherent. But that’s my basic understanding.