Replying to Avatar Jkr

honest question is it true to assume only US citizens are to pay the debt when the whole world lives on dollars?
Avatar
StackSats.IO 2y ago

Well the debt is never actually going to be paid back (see graphic below) so let’s get that straight.

But their tactic will be twofold:

1) debase the shit out of the dollar, printing to cover as much as they can to buy time

2) get as many people in as many countries to dollarise as they can - essentially they’ll help other fiat currencies blow up and fall back to the USD as Argentina are about to do. For all intents and purposes the US empire is about to grow by 47 million people when that happens which dilutes the inflationary effect across more people

BRICS will essentially become the anti-USD alliance, Gold will be the neutral asset between them to begin but #Bitcoin will also sit between them and be the one to actually drink the milkshake

Reply to this note

Please Login to reply.

Discussion

Avatar
Jkr 2y ago

thanks I mean also without dollarising, countries have their reserve in dollars so debasement affects the whole country like each country is one big US citizen + thinking about a third world country that imports most of its needs they still have to pay in dollars and locals will pay higher prices

Avatar
StackSats.IO 2y ago

Yes but countries don’t have all their reserves in USD, they’re invested to different degrees.

And with alternatives there outside of USD, there should be an ability for countries to protect their people but that’s “in theory”, when the US war machine is your defense umbrella that becomes a very muddy picture hence why I say countries will dollarise - they’ll be forced at the barrel of uncle Sam’s gun.