Replying to Avatar Scarlett

Yuan is a garbage coin printed by CCP at will.

Dilute Chinese deposits.

Those who owe money and those who save money are robbed.

It is super printing yuan.
bc
lxx 2y ago 💬 1

USD is a garbage coin printed by Fed at will.

Dilute American deposits.

Those who owe money and those who save money are robbed.

It is super printing usd.

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Scarlett 2y ago 💬 1

USD is not controlled by the U.S. government, unlike Yuan, where CCP can print it as it wants.

The backing of USD is the high-tech industry and military power of the U.S.

bc
lxx 2y ago

Federal government has the power to print money. Whatever is backing the USD is debatable, but doesn’t invalidate the fact that the US federal government has the power to print money as they want. Fed can do that if they want to. Period.