Here's the endgame: USD loses so much buying power, due to money printing, that Fed can't buy debt or bail anyone out. Businesses can't transact in USD so neither can the Fed . Check and Mate ..depression happens whether anyone likes it or not.
Post by twetch#1489
This will happen if the inflationary measures outpace by a high degree the deflationary pressure of the credit and cash flows shrinkage.
But if the USD dies, it will be replaced, just like that. Cash is not a long term investment but it holds for daily use
What the chain says
- Block
- 635 515
- Time
- 2020-05-19T00:15:13Z
- Signer
- 1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1489
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS VerifiedReplies (1)
Q: Why don't third world countries just reset their currencies successfully?
A: Because they lose all credibility in the world. No one wants to help them reset their currency because they are irresponsible and stupid.