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Causing problems so they can offer the solution - Central Bank Cypto Currency (CBDC).
It’s okay, Trump doesn’t need credit. He gets all the money he needs from Russia
Money is what the plebs use to buy toilet paper. Data (and the control of it) is the new money.
lol
The US can’t default on its debt. It’s unconstitutional, and the dollar is a fiat currency, so there’s no reason it would ever have to.
Pretty sure it was unconstitutional for Zimbabwe’s fiat currency to do the same. But it did.
How high is Dollar inflation going to get now before people realize market forces don’t care about their political feelings?
How high is inflation now?
Thanks for proving my point.
Since 2020, 30-40% of all dollars that exist now were printed.
The inflation that’s happened since then is a result of more money being put into a system with the same amount of fixed goods (read Buffet & Friedman). It takes years for this adjustment to happen after printing, which is why inflation has been rising until 2025.
It took Zimbabwe 10 years to hit hyper inflation for example. We’re still in year 5.
But we’re doing the same as them: Printing more dollars.
So in a few years, this means everything will simply be worth 30-40% more here. No matter what Fox TV personality in a government position tells you.
Looking up data on how long we’ve been dealing with inflation now (4 years) and comparing that time frame to all the other times this countries inflation lasted this long (2008, 1929) reveals a pretty obvious result for what’s going to happen next.
Awkward as hell I have to point you to open a history book from the 30’s about a previous US administration run by robber barons who thought Tariffs would stop rampant inflation. It did for a bit (where we are now) but what happened next was the great depression.
I sincerely wish there was a way to place reminders in Lemmy so I can see how much your comment aged like milk by the end of 2025. Because it’s astounding to me how financially vulnerable you’re willing to be in the face of inescapable market forces that you simply ignore to believe whatever the TV tells you instead.
There is a literal historical record for everything happening now, that’s very likely going to keep predicting what happens next.
Inflation is artificially low because of Tariffs destroying demand (prices go down when people don’t buy things) the cause of our inflation (adding more money to the money supply) is still very much an active problem with no solution.
Enjoy the Trump Depression. It’s going to be the “greatest” one we’ve had yet.
Same old scaremongering about hyperinflation. Been hearing this for decades. It’s dogwhistle racism. Somehow public infrastructure and welfare are inflationary, but shoveling money at billionaires isn’t.
No where in the last decade has the fed printed 30% of all Dollars in existence. Tell yourself whatever lullaby you want to hear to sleep at night, but the US and the Dollar is unquestionably fucked.
China is literally decreasing its purchase of US Treasury debt as we speak. So you should know as a proud defecit spending country, we actually need people to buy that debt so our system doesn’t collapse.
Every economic indicator is flashing red whether you’re paying attention to it or not. Denying these clear facts as hyberbole is just proof of how you were propaganda’d into letting everything become so completely cooked that you’re now in ignorant denial that it’s hot.
Just a bunch of nonsense. I couldn’t care less if China wants to park its dollars in treasuries or not. It makes no difference.
It makes no difference to you. To be very clear.
But it makes a hell of a difference to any country whose debt China is no longer buying.
Especially if that country has a budget always in the negative like the US.
How about we just check back here in a year to see how much one of us is wrong? Because I’m sure by then you’ll be caring a lot more about how little of our debt China is then buying.
And what are we currently printing money for again? I don’t say it’s wellfare programs. Funding for safety net programs will almost by definition be infinitely less than what the govt dedicates to defense contractors, to conflate that is to perpetute what you think is a dogwhistle to keep social spending limited at best. Regardless what money is ‘printed for’ it still adds to the tab the same across the board. Take COVID spending, we really did not decrease say defense spending accordingly, so that did absorb some of the inflationary money injected into the economy.
That’s a distinction without a difference. Issuing more fiat currency to inflate away burdensome debt service would also inflate away investors’ gains from holding bonds.
It’s absolutely a difference. Countries not sovereign in their currency (eg Greece) are slaves to the whims of the bond market. The US isn’t. The US doesn’t even have to issue bonds. It’s a relic of the gold standard.
You say inflation like it negates what I said, but it doesn’t.
Yes, I agree, what you said is true, but it’s also true that the purpose of Moody’s rating scale is to assess risk to investors rather than the soundness of the bond issuer.
