βThe United States can pay any debt it has because we can always print to do that.β
#Bitcoin fixes this.
Opt out now β‘οΈπ«‘ https://nostr.build/av/32eabce8bee5dbcc39dbd0bb071a8f8a36d80f0b2275496977568f53ea630d42.mov
Discussion
Clown show ππ€‘
Look at that. The circus is in town! π€‘
Real question :
is there any synchronization between nations, around how much money should be printed/in circulation in
the world ?
Printing money infinitely will cause a money to lose its value.
I had a feeling this is what it was but here is an answer straight from ChatGPT lol
βThere is no global synchronization for the amount of money printed or in circulation among nations. Each country's central bank determines its own monetary policy, including decisions about money supply, interest rates, and economic conditions. However, international organizations like the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) provide guidance and promote cooperation among central banks to maintain stability in the global financial system.β
Thatβs weird !
I was thinking yesterday about how back when we were on the gold standard other countries where Americans travelled and exchanges USD for their currency, the country could then ask the U.S for the gold backing the notes right n a lot of them did n then went back n printed more money themselves bc they had more reserves π€£
The system is designed to benefit the biggest economies and only them.
Most people will understand and opt out too late
#[0]
Horrendous
It's true. Also, it should wake people up to how leaders are thinking about their situation and that ability to sustain it....but, ya know.
