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by sykick
2284 days ago
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Here is why the situation in the U.S. does not nearly perfectly mirror Zimbabwe. One word: confidence. People have far more confidence in the dollar than they do Zimbabwe's currency. As the global financial system is currently setup losing confidence in the dollar is highly unlikely. You might lose confidence in the dollar and buy gold and I might do the same but we aren't the people whose confidence the dollar's value relies upon. I'm not an economist but as far as I understand these things we won't get hyperinflation as long as there is confidence in the dollar as a currency. |
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