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[–] 25105517? 0 points 2 points (+2|-0) ago  (edited ago)

You make a good point but it's not entirely correct. With the new printed money the Dollar will get devaluated or inflated. That's your point. But the whole world will pay the price not the US because the Dollar is the main currency. By the way the inflatien comes probably after the election. The OP is correct. People will realize how much taxes they paied and never want to go back. The inflation is an other story. I think the Dollar will get inflated and hyperinflated and replaced by the Gold standard. For US-Citizens it's a good game. This way you will get rid of the debt and the other countries will loose.

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[–] 25106527? 1 point 2 points (+3|-1) ago 

You've got it backwards friend. The whole world will not pay the price of anything and it's not a "good game" for US citizens. All the FED currency printing and inflation that's coming will make all other countries lose faith in the USD and dump it, causing it to crash like never before. The debt will never be fully paid. The USD's status and privilege as a reserve currency is over and other countries will get out of the dollar. Probably sell their US treasuries to buy gold. In the end they will be better off than with the dollar. You're wrong if you think other countries will lose.

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[–] 25107759? 0 points 1 point (+1|-0) ago 

There will not be a Federal Reserve Note when this is over. The US will be printing its own money, and that money will be gold backed. The piece of paper known as the petro dollar will be a worthless piece of paper and so will the fiat currency of every country in the world. Anything they can't back up with gold will be worthless.

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[–] 25113977? ago 

Who holds Dollar? The world, especially China. They lose. US Citizens who hold Dollar-Savings will lose too. That's why it's important to hold Gold and Silver. I saw this scenario in the end of 2015. Have a look at the chart.

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[–] 25113471? ago  (edited ago)

Your narrative ignores the facts that 1) The vast majority of US debt is to criminals who have been scamming the USA for decades. When they are all rounded up and arrested, the entire World will comprehend why the illegal debts no longer exist. 2) Trillions of dollars were illegally printed by past criminal administrations and given away to fellow criminals and themselves. By rapidly changing to all new currency, all those pallets of $100 US bills will become worthless paper as our legitimate government will not exchange them.

Far more likely that the (new) US dollar will skyrocket in value.

[–] [deleted] ago 

[Deleted]

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[–] 25105806? 0 points 1 point (+1|-0) ago  (edited ago)

Other countries hold treasuries. If we hyper inflate that debt away then all treasury holders lose. It’s not just foreign nations. Pension plans, 401ks and many other financial tools use treasuries as their safe haven. If you break confidence in that, there will be massive losses for ALL treasury holders and US will be unable to borrow going forward. In other words, the credit card immediately gets taken away and we’re forced to pay cash for everything. Military, social security, medicare, unemployment, etc. How will the government fund these programs? Tax or eliminate the program.

How exactly does the US citizen not pay the price?

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[–] 25114050? ago  (edited ago)

The US-citizens who hold USD-savings will lose also but the world will pay the US-citizens debt trough the hyperinflation. The impact is softened trough the fact that the rest of the world pay also. If the US would be alone the price of Gold in USD would be much higher now and the debt would be much more heavy. It gives the US-citizen more time to prepare. It's time to buy Gold and Silver now. The confidence is already broken. Have a look at the Gold and Silver-chart. China is the biggest USD-holder. They lose. They know it that's why they sell already USD. What happens when the world is selling USD to the FED? Exactly the Goldprice soars. That's why the price of Gold soard from 1,000 in 2016 to 2,000 now and it's accelerating massive in this months. In 1-2 years the price will be probably 50,000 or more. Silver is even more pullish. Q says exactly the same. Gold shall destroy the FED. And by the way forget about the credit cards. After the reset there won't be any credits. It will be just sound money backed by Gold.

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[–] 25113486? ago 

The changes that are about to happen will be so sweeping and so impactful they can't be forecast from the interworkings of the existing global economy, as you are attempting to do.

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[–] 25105721? ago 

well at least you understand some of the moving pieces, the rest of voat has serious economic issues. if we inflate the debt away we are looking at 50k/oz gold, get ready lol.

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[–] 25105950? 0 points 2 points (+2|-0) ago  (edited ago)

Only if you price gold in the hyper inflated currency. Gold doesn’t inflate, only currencies in relation to gold. Gold is the best asset to have in a reset, in theory. The problem is no one knows what the reset will look like yet. US government confiscated gold from the people so they could reprice it. Don’t think that can happen again? Gold doesn’t bode well if can’t sell it.

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[–] 25114125? 0 points 1 point (+1|-0) ago 

I think the price of Gold will be 50k/oz in todays money. With inflation it will be much higher.