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They'll just keep on inflating its value away to "pay" for all the debt that they keep racking up for as long as possible. No shock is needed for it to fall to zero since it's already well on its way to dying with a wheeze (96% devaluation since 1913). An increased acceptance of a means of wealth transfer outside US control (ie gold, silver, bitcoin, foreign fiat currency) will be your canary in the coal mine. From there, it's only a matter of time until an extended bank holiday is declared to allow for a peg to a "new" dollar once the support of the sufficiently monied has been arranged.
As a boy of 9 , a full size Milky Way candy bar cost 10 cents at a convenience store , a can of soda 15 cents. I don't eat candy now , but noticed at the grocery store a candy bar at checkout line was $1.49
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[–] watch_listed ago
They'll just keep on inflating its value away to "pay" for all the debt that they keep racking up for as long as possible. No shock is needed for it to fall to zero since it's already well on its way to dying with a wheeze (96% devaluation since 1913). An increased acceptance of a means of wealth transfer outside US control (ie gold, silver, bitcoin, foreign fiat currency) will be your canary in the coal mine. From there, it's only a matter of time until an extended bank holiday is declared to allow for a peg to a "new" dollar once the support of the sufficiently monied has been arranged.
[–] Chimpfighter [S] ago
Just an anecdote.
As a boy of 9 , a full size Milky Way candy bar cost 10 cents at a convenience store , a can of soda 15 cents. I don't eat candy now , but noticed at the grocery store a candy bar at checkout line was $1.49