Replying to Avatar TKay

The US devaluing the currency to escape the debt doesn’t make sense to me. I don’t know how to explain it. But I really don’t think that works.

Because the more they print, the larger the debt. So the ratio remains the same. nostr:note1md0rycxxzn9958erj4wutmwcrg7ssewxpjwcfk82ywc7dncyr2jqj48wjm
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TheWildHustle 1y ago

Wouldn't this be the play:

1. Public Announcement to citizens that their printing fiat to buy bitcoin

2. Immediately start printing fiat and buying bitcoin

3. That was all I had.

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TKay 1y ago

Yeah, but that doesn’t make the US debt smaller because the USD is now cheaper. Because the debt will increase at the exact same rate as printing.

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TheWildHustle 1y ago

I'm thinking they'll probably need to ditch the dollar and use bitcoin eventually. Maybe if they start early (and hard), the bitcoin price increases faster than the debt explodes. But I honestly have no idea how this thing will play out.