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Why paper? What about gold? If the dollar collapses a printing press won't help much. Aren't the rates dropped in order to stimulate higher demand, not because
by jfornear 18y ago
Why paper? What about gold? If the dollar collapses a printing press won't help much. Aren't the rates dropped in order to stimulate higher demand, not because of higher demand?
- DenisM 18y agoUS debt is nominated in US dollars. An easy way to pay up all debt is to devalue dollar 1,000,000,000 times and then repay all debt with a week worth of McJob salary. Since you borrowed dollars backs when they were expensive and returned them now when they are cheap you win. Of course the lender will not be too pleased and likely will not want to lend you again.