Right now the dollar is increasing in value but Ray Dallio makes the case[0][1] that eventually we will have to drop rates low again and "monetize the debt" whi

Right now the dollar is increasing in value but Ray Dallio makes the case[0][1] that eventually we will have to drop rates low again and "monetize the debt" which is to say, print too much money inflating the value of the dollar and then pay the debt off with that This could lead to the dollar no longer being the reserve currency which would have other, much stranger implications. Today debt payments rival military spending but there is a point where debt service becomes greater than GDP. Before that there are points of unsustainability that will likely be reached. One possibility is that inflation will be tamed before then and the fed can lower rates. This seems unlikely to me. Another possibility might be austerity measures and deep political compromise to pay down the debt to levels that are sustainable during high rates, this also feels quite unlikely to me. [0] https://youtube.com/watch?v=xguam0TKMw8 https://youtube.com/watch?v=xguam0TKMw8 [1] https://www.amazon.com/Changing-World-Order-Nations-Succeed/dp/1982160276 https://www.amazon.com/Changing-World-Order-Nations-Succeed/...