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Tether isn't backed by dollars? Dollars aren't backed by anything anymore, not even the US military. The secret to this is to kick the can down the road far en
by kneel 5y ago
Tether isn't backed by dollars? Dollars aren't backed by anything anymore, not even the US military.
The secret to this is to kick the can down the road far enough that you don't have to deal with the consequences. The US can print money long enough for the beneficiaries of cantillon effect to enjoy a rich lifestyle then let future generations deal with the consequences.
They'll tell you it's going to drive growth, and that inflation will be transitory but it won't be enough to stave of the decimation of the working class. To hell with them