Marakesh ð“…¦ on Nostr: I would add, some of this demand for dollars is still there because the US is still ...
I would add, some of this demand for dollars is still there because the US is still paying interest on its debt, which comes from the taxes, as you point out. But if the US stops servicing its debt or declares bankruptcy, the demand for the dollars will be gone, and then the money printing will no longer work, right?
Published at
2024-08-29 18:46:25Event JSON
{
"id": "b5dff9cb037003767b4a336eeb373145d8a9b3ea09ac01edcaadf2455c517f36",
"pubkey": "dace63b00c42e6e017d00dd190a9328386002ff597b841eb5ef91de4f1ce8491",
"created_at": 1724957185,
"kind": 1,
"tags": [
[
"e",
"7969f34b59348e1b615ad52ac710b465b99b817e1015107d602623c7ed0687cd",
"",
"root"
],
[
"e",
"837eb4312b46ec957182e5c277ae0ee8ae24b1cf314dc34751a313c7bfa13d10"
],
[
"e",
"c163584a9d54f7a70d09a4664e45dad33212393eb7cacdb4be2ee6022920e0c0",
"",
"reply"
],
[
"p",
"3731e169d0b3816f4a4a9ac84c66aa423d4f4ea0f78b56a1df90609b85be0885"
],
[
"p",
"5af0794606a15b5641e25aa23d04af4cb0d7d5e68b11cacb47e56a4698fca8c4"
],
[
"p",
"dace63b00c42e6e017d00dd190a9328386002ff597b841eb5ef91de4f1ce8491"
],
[
"p",
"800e0fe3d8638ce3f75a56ed865df9d96fc9d9cd2f75550df0d7f5c1d8468b0b"
]
],
"content": "I would add, some of this demand for dollars is still there because the US is still paying interest on its debt, which comes from the taxes, as you point out. But if the US stops servicing its debt or declares bankruptcy, the demand for the dollars will be gone, and then the money printing will no longer work, right?",
"sig": "327af101d3a077229c135f0fa78fc7d418c67437272641e77f7689b77e57ef5bc5b16af697df523c6e8a6f7c0df9fd49bcd23af91ee73d310e3c49556d87c352"
}
