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by the_real_cher
783 days ago
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I don't think you understand what the poster was saying. leaving the gold standard allows the Federal reserve to create any amount of inflation they want which allows the government to loan as much money as they want as the Federal reserve can just print money to pay the debt. the usa is currently hitting unforeseen levels of interest rates on that debt which means inflation is going to increase in perpetuity. which means rich people need places to park their money as this is the beginning of massive currency devaluation |
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