The “classic monetary reasoning” that the only way to get out of this amount of National Debt, is to “monetize” that Debt. That means print the shit out if money and dilute/devalue the existing debt. That also means they will dilute and devalue EVERYTHING denominated in US dollars. EVERYTHING. Property, investments, currency, everything. That also means the COST of EVERYTHING after every single time that ‘printer’ cranks out US dollars goes up just a little bit. After they do that over and over and over, then you are paying $4 for a carton of 12 eggs. Economics: the slow burning fuse.
Ok, and my understanding is that being the world's reserve currency allows this. Without being the reserve currency, wheelbarrows of dollars for a handful of groceries comes to mind.
Propose an alternative.
I'm not being snarky, I am genuinely curious. How would you do this? What would it take to move the mindset away from this paradigm.
🤯. HOLY SHIT. That is fucking criminal. That is what a 40lb bag of chicken feed costs. I gave away 4 dozen today. I could not live there, unless I could raise birds and sell eggs. Id be rich.
The “classic monetary reasoning” that the only way to get out of this amount of National Debt, is to “monetize” that Debt. That means print the shit out if money and dilute/devalue the existing debt. That also means they will dilute and devalue EVERYTHING denominated in US dollars. EVERYTHING. Property, investments, currency, everything. That also means the COST of EVERYTHING after every single time that ‘printer’ cranks out US dollars goes up just a little bit. After they do that over and over and over, then you are paying $4 for a carton of 12 eggs. Economics: the slow burning fuse.
Ok, and my understanding is that being the world's reserve currency allows this. Without being the reserve currency, wheelbarrows of dollars for a handful of groceries comes to mind.
Propose an alternative.
I'm not being snarky, I am genuinely curious. How would you do this? What would it take to move the mindset away from this paradigm.
You are 100% on the money.
No alternative … gotta blow it all up. Thats just how it is. No more fiat bullshit. Pandora is out of the box … this cant be ‘fixed’.
Are you kidding? Eggs at the farmers market here in Calicrazy just went up to 12 bucks a dozen.
🤯. HOLY SHIT. That is fucking criminal. That is what a 40lb bag of chicken feed costs. I gave away 4 dozen today. I could not live there, unless I could raise birds and sell eggs. Id be rich.