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RE: Modern Monetary Theory Will Kill the Dollar ~ James Gorrie … (Death of the Dollar–17) with Link to Full Story

in LeoFinance5 years ago

It may seem that QE is different from those policies carried out by the Weimar Republic and Zimbabwe, and QE may actually be somewhat different. But there are obvious and undeniable similarities. And disastrous similarities.

I think the US money printing policy is quite different, different because the US dollar is a legal tender in all the countries of the world. That makes it extremely difficult for inflation to affect the US within a short while - instead other countries in Africa and Asia face the impact of the dollar-printing gambol. But clearly, there will be dire consequences in the foreseeable future. Thanks for this excellent post.

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RIght. As you say, the dollar will not disappear in a short while. But eventually, and probably not a long while.

Posted via Steemleo

Post resteemed!