People do not realize that the further the dollar declines the more it will actually cost to repay the $50trilliin dollar debt. It’s actually scary that some other nation will own USA
If you owe 50 trillion valuable things then you are in more trouble than if you owe 50 trillion worthless things.
What debt would you rather have - you owe 50 bottles of Methuselah Louis Roederer, Cristal Brut de 1990, cuvée millénium - or you owe 50 cans of bud light?
More like I now own 50 bottles of Methuselah Louis Roederer, Cristal Brut de 1990, cuvée millénium and I'm going to repay you with 50 cans of bud light.
Inflation will be stupendous as those dollars filter back into the states, At first it will be a trickle, then a flood as other nations dump the ever-increasingly worthless fed notes.
People do not realize that the further the dollar declines the more it will actually cost to repay the $50trilliin dollar debt. It’s actually scary that some other nation will own USA
I think you have got that back to front?
If you owe 50 trillion valuable things then you are in more trouble than if you owe 50 trillion worthless things.
What debt would you rather have - you owe 50 bottles of Methuselah Louis Roederer, Cristal Brut de 1990, cuvée millénium - or you owe 50 cans of bud light?
More like I now own 50 bottles of Methuselah Louis Roederer, Cristal Brut de 1990, cuvée millénium and I'm going to repay you with 50 cans of bud light.
Inflation will be stupendous as those dollars filter back into the states, At first it will be a trickle, then a flood as other nations dump the ever-increasingly worthless fed notes.