RE: Economy Class Economy
March 18, 2020 at 6:31 am
(This post was last modified: March 18, 2020 at 10:49 am by BrianSoddingBoru4.)
(March 17, 2020 at 10:46 pm)ignoramus Wrote: With Trump seriously considering cash payments to all Americans, the US dollar may soon be devalued to the point of losing its status as the world reserve currency.
(Russia, China and many others are already bypassing it and trading with each other using gold to pay outstanding balance debt every month ...Especially for oil)
May as well go to printing this directly. At least society may find it useful.
I doubt the devaluation is going to be all that serious. The initial rollout of cash will probably be in the $250 billion range. It the era of deficit spending, that's a doddle.
What may do more harm than good though, is the overall $1 trillion the US is looking to spend to brace up their economy. An infusion that large may do serious damage.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax