EggMcBluffin on Nostr: Because the USD is the world reserve currency the US has been able to inflate the USD ...
Because the USD is the world reserve currency the US has been able to inflate the USD supply covertly much easier and longer as they are able to export their currency inflation to the rest of the world rather than just within their borders.
This is the only reason the Fed and US govt gets much more time before the currency noticeably inflates or hyper inflates. Not that it’s not going to happen, it will.
There are obviously many other nuances involved with sovereign debt, treasuries, etc. So this is a simplified response.
The same mechanisms of inflation are still involved, so eventually the hens will come home to roost when it comes to currency debasement. #bitcoin wins in the end.
This is the only reason the Fed and US govt gets much more time before the currency noticeably inflates or hyper inflates. Not that it’s not going to happen, it will.
There are obviously many other nuances involved with sovereign debt, treasuries, etc. So this is a simplified response.
The same mechanisms of inflation are still involved, so eventually the hens will come home to roost when it comes to currency debasement. #bitcoin wins in the end.