silence7@slrpnk.net to politics @lemmy.worldEnglish · 1 month agoTrump Is Getting Closer to Having an ‘Infinite Money Pit’ | If the president takes over the Federal Reserve, he will have extraordinary power to reward his friends and destroy his enemies.www.theatlantic.comexternal-linkmessage-square108fedilinkarrow-up1474arrow-down15
arrow-up1469arrow-down1external-linkTrump Is Getting Closer to Having an ‘Infinite Money Pit’ | If the president takes over the Federal Reserve, he will have extraordinary power to reward his friends and destroy his enemies.www.theatlantic.comsilence7@slrpnk.net to politics @lemmy.worldEnglish · 1 month agomessage-square108fedilink
minus-squareRolder@reddthat.comlinkfedilinkarrow-up14·1 month agoDoesn’t really matter how many dollars you dish out if the dollar isn’t worth the paper it’s printed on
minus-squaredhork@lemmy.worldlinkfedilinkEnglisharrow-up4·1 month agoBut once the dollar is worthless, then we can start using $TRUMP as currency
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkarrow-up1·30 days agoit’ll either be cryptocurrency or hard currency like assets, goods, or maybe gold and such.
minus-squaregandalf_der_12te@discuss.tchncs.delinkfedilinkarrow-up1·30 days agothe thing is that it will take a while for the market to react, so short-term, the dollar would still have value, giving trump infinite buying potential.
Doesn’t really matter how many dollars you dish out if the dollar isn’t worth the paper it’s printed on
But once the dollar is worthless, then we can start using $TRUMP as currency
it’ll either be cryptocurrency or hard currency like assets, goods, or maybe gold and such.
the thing is that it will take a while for the market to react, so short-term, the dollar would still have value, giving trump infinite buying potential.