|
|
|
|
|
|
by le-hu
1555 days ago
|
|
|
If someone buys your bond for 10 mil of X currency, you have to pay them back 11mil in couple years, if you devalue the currency in the meantime you just pay them back worthless papers while they've invested real money into you back in the day. Also US dollar is like global currency (everybody country trades in that) - so like 70% of dollars are outside of US. While US prints 100 bucks, 30% of devaluation hits US, 70% hits the world - that's why the world is pissed at US FED printing money like crazy. |
|
|