[irishcoffee]

If I thought there were some actual small cabal of people running the global economy, this is almost like a novel: massive amounts of money entered the economy starting in 2008 and 2020-2023, the rich became insanely wealthy. Their wealth is now all tied up in the 2020s version of the railroad/fiber, we're going to essentially erase trillions of dollars from the global economy and reset.

We sure do need a reset.

[marcosdumay]

I really doubt the US will erase any money any time soon.

The reset is prone to happen by other means.

[bobthepanda]

Rapid inflation/devaluation is certainly a way to do it.

[irishcoffee]

I consider myself of average intelligence, and I see this coming. Maybe I assume too much.

[marcosdumay]

Every government has complete control on how much of their money exists. If it disappears from the private finance market, it can compensate with any amount it wishes.

[throwaway27448]

It would be better to lean into inflation and just dump a ton of money into the bottom of the market to dilute the top. Of course this only makes sense if the government is willing to regulate market control, which it has demonstrated time and time again it will not.