cross-posted from: https://sopuli.xyz/post/42490856
Obligatory damn clankers.
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Why is the dollar worth less every year?
I dunno, but just to be safe we should pretend to print more money and buy more houses and land for our new AI data centers that we will close after the collapse, then we will refinance for pennies on the dollar with the money that doesn't exist.
Never fear, we're safe, gentle proles! We will get loans from the FED because we're too big to fail. We will then pay it back with money worth significantly less, of which you personally make a little bit less of every year by the way coincidentally.
Sorry, I don't make the rules
Honestly not sure why the USA banks haven't let the Government default, yet. It sort og shows they actually still have faith in the Trump administration.
If the US defaults, America as an empire collapses. It could be as small a deal as a massive period of restructuring, or it could mean the death of billions and the end of modern life
It sure as hell won't be a better world for the banks though, they'll invent new types of math to keep the game going a little longer