What incentive do any of the few actors with the ability to effect that change have to actually pull that lever? I imagine that you have spent a lot of time thinking about this, and I would like to understand your position.
That is the problem. Reigning in debasement is what needs to happen or the dollar is dead. But, reigning in debasement means spending less. Spending less means people can't be reelected for "bringing federal money home". So, there is no incentive for Congress to cut anything. But, the piece that makes me pretty sure that debasement is the goal, is that by debasing the currency it makes it possible to pay off dollar denominated debt. I can't be the only one that sees it. Nations have been divesting of US Bonds for years now.
I'll say it another way. The government can pay off its debt by making your money worthless.
I changed my investment habits as soon as I recognized it. I am already happy I did.
That's the core question. I would like to see the parent poster's answer as well, because I don't see it happening as long as the US can price debt in its own currency, and the only way that stops happening is after a catastrophe that isn't worth planning for because there's no way to survive financially.
david-gpu|16 days ago
tastyfreeze|16 days ago
I'll say it another way. The government can pay off its debt by making your money worthless.
I changed my investment habits as soon as I recognized it. I am already happy I did.
bpt3|16 days ago