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> insolvency is impossible for the US government But the exchange rate for the US dollar crashing by 50% against the pound, euro, rmb, and yen in a single day
by vorg 12y ago
> insolvency is impossible for the US government
But the exchange rate for the US dollar crashing by 50% against the pound, euro, rmb, and yen in a single day is possible for the US government's federal reserve.
- crdoconnor 12y agoYes it is. The exchange rate gradually falling is possible too. Or staying the same. Also the exchange rate may rise, as actually happened last time US government spending spiked (post crisis).