Interest rates are being jacked up in preparation for a rebasement of the dollar. The high interest rates are designed to devalue real assets such as real estate and securities, while hoovering up dollars in loosely secured loans (a.k.a. bonds).

The government continues to spend in a seemingly uncontrolled manner, leading to inflation, but being offset by demand in the eurodollar.

When the world decides something else is better than the dollar (e.g. #bitcoin), the dollars virtually come pouring back into the US causing massive inflation. The central bank swoops in and declares a new denomination of "virtual hard money" (of course anything other than bitcoin) and the entire country redenominates every asset using the new money.

Everyone holding unsecured debt is left holding all the worthless dollars because people will be aflush with them and will pay off their debts with it. Hard and secured asset backed bonds will be repriced alomg with everything else, and the national debt is thus dissolved.

#grownostr