Discussion about this post

User's avatar
Tom's avatar

Nice presentation, mulling over the subscription. Now, fiat money, is created through debt issuance, my understanding is that this NEEDS to continue for our economies not to collapse. So, effectively, the higher the rate of interest, the more money needs to be created, the more the debasement. In Europe, this monetary expansion is mainly created by the government sector as it taxes the private because it has no incentive to invest and dampens interest rates through it's central bank. I understand how America doesn't want to turn into Europe, but I don't fully understand the global $ in relation to it's durability in the absence of global US goods/ technology flows. I guess in this scenario it is surpassed by the CNY along with political influence over trading partners.....

Expand full comment
3 more comments...

No posts