How long does the USD have left has the world's reserve currency?
How long does the USD have left has the world's reserve currency?
Ryan Scott
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Ethan Gutierrez
>What it means
Absolutely nothing.
Adam Lewis
Until another country comes up with something better or everyone moves to crypto (yeah right), then the USD will remain almighty
Colton Martinez
that debt will mean nothing , they will get away with it just like they do now. Normies will complain and claim it's the end of the world economy but fast forward 100 years later still unaffected.
Money is just a meme
Joshua Robinson
Well I’ve long pondered the same thing. Here’s what I’ve surmised: the USD is absolutely shit and does not hold its value. But it’s basically better than any other fiat, and it in reality is backed by the US military. So as long as the US remains the world super power, US currency will continue to reign. The question is if we pull the plug on it ourselves due to the system collapsing on itself, and getting replaced by something backed by gold/silver whatever. I think it’ll take something extreme, lots of suffering and inflation before anything happens. Maybe by 2028 like the article
Mason Flores
>Money is just a meme
I agree with a lot of post but things like precious metals/commodities can retain purchasing power over the years
Ryder Scott
like 6 months depending on how Trump plays this
Xavier Barnes
t. fell for the MMT meme
Austin Evans
This
The national debt is a meme
Ian Morris
This. And if something does happen? Well, we know exactly who to blame and where they spend their working days.
Republicans have talked about controlling spending for decades and yet they've never done a single thing to really grapple with and cut all our spending on Social Security and Medicaid. Democrats cry about the debt whenever they're out of power but they're always tossing out freebies whenever they're in power. They're both to blame for this shit, and I don't care what the debt level is any more. On their own heads be it.
Julian Moore
yes goy
Ryder Rivera
those are rookie numbers, we gotta pump that up
Carter Hill
>betting against the JewSD
L
Angel Evans
Maybe running the country based on a popularity contest isn't the best idea afterall
Colton Harris
>rookie numbers
Go back to Telegram.
Ian Stewart
>Borrow 10$
>Don't pay it back
Based zoomer economist
Tyler Jenkins
This is how the crypto market will reach $1T+ in the future.
On the other hand, if you've already made it I'd advise buying a few houses so they can be paid off through hyperinflation
Charles Wilson
wow 3x? I will be RICH
Lincoln James
Why don't they create some more taxes?
Aiden Johnson
Nobody else is surprised by the 78 trillion figure? That's 50 trillion more, in 8 years. Is the US really going to borrow 6 trillion a year, every year? What a BS article.
Brody Williams
Probably some 10-15 years
Samuel Johnson
Where are we headed, biz?
Adrian Sullivan
What does it mean? A sovereign debt crisis where the U.S defaults on it's debt obligations and the dollar loses values making imports more expensive and raises inflation. It will however make the U.S exports more competitive tho...
Luis Bennett
2022 unofficially, 2025 officially. not my answer, saw it in another thread, but I think it's right. China and Russia are laying the ground work, once another major world economy joins the snowball will be fast. My guess is Australia will be the first to start seriously using Renminbi
Nicholas Bailey
Say goodbye to your precious 401k then
Leo Ross
Not really, the Federal reserve has been printing more and more money every recession, first they started with hundreds of billions, now it's up to couple of trillions, the next recession (after this one) it's gonna be tens of trillions.
It's hasn't gone down since 2008 and never will go down, otherwise the US would go into an economic depression.
Jacob Thomas
Wait. If they're printing trillions, why the fuck do they need my $50,000 in taxes?
Xavier Edwards
Because what actually makes us dollars valuable is the need to pay your taxes with them.
Logan Johnson
>inflation hurts little people, but actually benefits the ultra wealthy
>elites buy up everything for pennies on the dollar
>lol goyim, global financial reset
>we'll dole out a subsistence income for you
>you just have accept millions of migrants who will never integrate with your culture
That's the gist of it.
Zachary Stewart
Because the Democrats don't want tax cuts.
Chase Gomez
Australia is too cucked by the US to ever be ahead of the pack on something like that.
Aaron Cook
>Mass Unemployment
>Mass Evictions
I predict the middle of September the Federal Reserve goes belly up insolvent.