So the fed prints/invents more cash and spreads the recovery expense/cost/devaluation/inflation across everyone worldwide who uses US currency to conduct their business.
This works when the vast majority of the world is uses the Dollar, but as we are seeing many countries are pushing away from the dollar to insulate themselves.
BRICS has already started replacing the dollar for trading of goods and are changing their currency why would it take a long time for the US to change it if we have the gold to back our currency?
So for all the normal people who lose everything in this... what happens to them? Where is the protection of the people?
So the fed prints/invents more cash and spreads the recovery expense/cost/devaluation/inflation across everyone worldwide who uses US currency to conduct their business.
This works when the vast majority of the world is uses the Dollar, but as we are seeing many countries are pushing away from the dollar to insulate themselves.
BRICS has already started replacing the dollar for trading of goods and are changing their currency why would it take a long time for the US to change it if we have the gold to back our currency?