Why the US government can never pay of the debt (currency, economic)

[Bubble99]

Originally Posted by TechGromit

This isn't entirely accurate; the government can pay off their debt tomorrow if they issue a shiny new 1 trillion dollar bill; just need to print 34 of those suckers. Now, it would have consequences, like making the U.S. dollar worth less than an Iranian Rial with hyperinflation it would cause, but technically, they could do it.

That is what nazi Germany tried to do look what happen to them.

[Bubble99]

Originally Posted by Lycanmaster

Voltaire in 1729 “PAPER MONEY EVENTUALLY RETURNS TO ITS INTRINSIC VALUE – ZERO”

It's only a matter of time before the US dollars collapses and gets replaced with a new currency with a different name.

Then the cycle starts anew...

By what the British Pound or Euro?

[Lycanmaster]

Originally Posted by Hoonose

The USD doesn't have to collapse for the world to have another reserve currency in the future.
The only potential candidate is the Yuan which has barely moved in a generation. But if it does continue to rise, there should be plenty of room for the USD in a larger future global economy.

I think USD will be replaced by not just by some other reserve currency but probably by some Central Bank digital currency (CDBC) as well.

The Spanish real and Roman currencies are no longer in use for historical references.

[Hoonose]

Originally Posted by Lycanmaster

I think USD will be replaced by not just by some other reserve currency but probably by some Central Bank digital currency (CDBC) as well.

The Spanish real and Roman currencies are no longer in use for historical references.

We have the IMF already. I don't know why the majors would support anything else, as they all want their own currency.

[Lycanmaster]

Originally Posted by Bubble99

By what the British Pound or Euro?

No idea. Possibly by CDBCs or by IMF SDRs.

[TechGromit]

Originally Posted by Bubble99

That is what nazi Germany tried to do. Look what happened to them.

True, but after the dust settled the German Mark was a strong and stable currency in the world until they converted over to the Euro. The demise of the Dollar doesn't mean the demise of America or the world.

[Bubble99]

Originally Posted by TechGromit

True, but after the dust settled the German Mark was a strong and stable currency in the world until they converted over to the Euro. The demise of the Dollar doesn't mean the demise of America or the world.

So who would rise again the UK or Europe if the US dollar crashes?

[Hoonose]

Originally Posted by Bubble99

So who would rise again the UK or Europe if the US dollar crashes?

If an asteroid takes out the USA, both of those currencies would become more dominant in the world.

[moguldreamer]

The sheer quantity of economic mis- and dis-information in this thread is mind-boggling.

[Thatsright19]

Originally Posted by Bubble99

That is what nazi Germany tried to do look what happen to them.

Germany had foreign debt owed in those currencies. U.s debt is owed in USD.

Also Germany lost ww1 and had extraordinary negative provisions in the treaty of Versailles to punish them. Which of course, wasn’t the best idea in hindsight.