2 ms·
First, make USD a fiat currency in 1971. Then, print a lot of money during the last 50 years. Now, when non-banking US corporations debt is more than 50% of GDP
by gimluzosta 5y ago
First, make USD a fiat currency in 1971. Then, print a lot of money during the last 50 years.
Now, when non-banking US corporations debt is more than 50% of GDP govt needs a direction where to move in the future to somehow legitimize endless money printing/cheap debt or at least make it look more plausible. More people surveillance/control will not the hurt the government either.
One such way may be a "digital dollar", and in that case the government might need new "bankers" and new "credit card" companies. It is wise taking a risk to invest in this technology today. Who knows, maybe tomorrow you will end up an owner of a digital mint.