Dr. Juande Santander-Vela on Nostr: Just thinking (prompted by a recent toot from nprofile1q…49n6n about the US not ...

Just thinking (prompted by a recent toot from nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqc0mthsnqf5yv0gl0j0nz2gr85z30u07dwpweur0fn2afw5xs8u7qj49n6n (nprofile…9n6n) about the US not being trustable) that if the value of a currency is based on mutual recognition of debt, and the new US government structure allows the Executive to single handedly decide it will not recognize nor satisfy an obligation from Congress, the dollar might fall as a result of lower credit ratings and payment defaults.