Originally Posted by
ShyGuy
“Not really” an issue so as long as two things remain true:
Oil in Petrodollars
US Dollar as the reserve currency
Any other country that is insolvent would be tanked. But not us because those conditions are true. And we can just print money as a result.
But anyone paying any attention to world events would see the rest of the world making an attempt away from the petrodollar thing, and who knows maybe one day the world reserve is no longer the dollar. We would start World War III, IV, and V simultaneously if that ever became the case.
Printing money devalues our currency and further erodes purchasing power, showing up as excessive inflation - Yup that’s what we are doing. To dismiss that as a problem = denial.
I don’t get the point about starting WWIII, IV, V as some sort of solution. World wars are economically devastating even for the “winner”, and that’s not even accounting for the massive amount of death, most of it attributed to displacement, exposure, disrupted food supply etc. its really not a good solution to anything. If you’re a “well then we can enjoy the spoils of war” type thinker, I don’t know what to tell you. I hope not.