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I don't think that the US dollar is a scam but I think The Fed is struggling to keep it afloat. Also, the ever increasing debt of the US concerns me, as well a
by hackingforfun 5y ago
I don't think that the US dollar is a scam but I think The Fed is struggling to keep it afloat. Also, the ever increasing debt of the US concerns me, as well as all the money printing. I just wonder, where does it end? How does it end? Just borrow more and print more? Drop rates to 0%, and then go negative if there's no further to go? Does all that seem sustainable? I do hope inflation will drop when / if The Fed raises rates again. Maybe that will bring some sort of balance. We'll have to see what happens. I don't think the US debt could ever possibly be paid off now though, and we'll have to keep raising the debt ceiling or remove it. There's also some absurd ideas like minting a trillion dollar platinum coin [1]. I just don't think this ends well.
[1] https://en.wikipedia.org/wiki/Trillion-dollar_coin https://en.wikipedia.org/wiki/Trillion-dollar_coin