quotingThe US has been able to get away with massive dollar creation because it has been the world reserve currency and almost all, if not all nations, hold dollars in reserve. These dollars are out of circulation and therefore don't cause the inflation that would normally occur. The foolish people in charge are using the dollar as a weapon (first seizing Russia's USD reserves and then transferring them to Ukraine) as well as other events, right when the world is starting to move away from the dollar (many nations petitioning to join BRICS, Saudi Arabia selling oil in other currencies, etc.)
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The weaponization of the dollar is going to make all of these nations dump their dollars because they don't want their dollars seized if they displease the US .
What happens when all of those dollars come home? The most likely effect is massive inflation, maybe even true hyper inflation.
The self-important morons in charge are destroying the dollar that gives them the power they so greatly desire. Things never end well with fools and the US has been led primarily by fools for most of my life and the number of fools as well as the level of foolishness has been growing exponentially.
#grownostr #USD #dollars #inflation
https://www.zerohedge.com/geopolitical/repo-act-precursor-dollars-downfall
The_Beave on Nostr: The importance of this is not well understood. Couple this with China dumping ...
The importance of this is not well understood. Couple this with China dumping billions of US treasury securities and our own stupid money printing, are you ready for hyperinflation?