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When Aus print money they devalue the currency, spreading the cost over all Aus dollar holders. When USA do the same, the non-USA dollar holders also take on t
by pbhjpbhj 1y ago
When Aus print money they devalue the currency, spreading the cost over all Aus dollar holders.
When USA do the same, the non-USA dollar holders also take on the cost, same-same, excepting that is everyone around the World who trades in dollars. Which comes back to USA's military-industrial complex to some extent. It's like having the ability to steal a gram from every gold bar in the World.
- starspangled 1y ago> When USA do the same, the non-USA dollar holders also take on the cost They don't. If they aren't holding USD or something pegged to it then it is not devalued.
- pbhjpbhj 1y agoSorry, I made that hard to parse - "the dollar holders outside USA".