[jbverschoor]

It’s kind of logical right? The dollar was misused over 50 years. What’s the best way to get rid of your debt? Make the usd worthless. Various methods, but one: have another reserve currency in the world but make sure you have enough of that to stay powerful.

He even gave the advice not to sell that one.

It’s a good but toxic strategy. Give freely printed dollars in exchange for resources over 50years, and then make it worthless.

[mindslight]

But how is it in our interest to make it worthless? There seems to be this continued rhetorical touchstone framing "the debt" as some looming problem that will need to be reckoned with, as if people are thinking of it as household needing to pay off a credit card bill. But in reality, if the United States's debt went away then there would no longer be such thing as a greenback - our currency IS ENTIRELY government debt. I'll repeat that again - the government's debt is our money supply. And despite the continual monetary inflation, it still has been holding its value decently well. So where exactly is this desire to destroy the government debt (aka destroy our currency) really coming from, then?