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> It would also destroy the confidence in US Dollar worldwide, No it wouldn't > provide further proof that Biden is indeed an idiot, Idiot or not, the coin i
by headShrinker 5y ago
> It would also destroy the confidence in US Dollar worldwide,
No it wouldn't
> provide further proof that Biden is indeed an idiot,
Idiot or not, the coin is actually a solid move.
> and basically pushed the US to the slippery slope,
Nope.
> that ends with the US economy being in the same condition as Venezuelan.
TF?! Not at all. You do not belong in this conversation. You have no clue what you are talking about.
- cheeseomlit 5y agoYou didn't refute any of his points, political jabs aside. I'm not sure how arbitrarily minting a Trillion dollar coin wouldn't harm confidence in the USD worldwide, it's one of the most blatant examples of debasing a currency I can imagine. I sure as hell don't want to sit on too much cash with ideas like this being seriously considered, or do you think expanding the money supply without expanding the value it represents has no impact on its spending power (or confidence in its spending power)? Look at any charts of the M1/M2 money supply (that haven't been discontinued) and they seem to strongly indicate we're on a slippery slope towards hyperinflation, that's been the trend for several decades and seems to be rapidly accelerating- At least that's what it looks like to a dumb layman like myself
- headShrinker 5y ago> You didn't refute any of his points "What can be asserted without evidence can also be dismissed without evidence" OP provided no evidence, so I dismissed without evidence. > it's one of the most blatant examples of debasing a currency I can imagine No. QE is. look it up. Actually minting a coin is smart.