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Alias Born | 06/20/2006 |
Monday, September 06, 2021 5:27:00 PM
Looks like the powers that be think that Modern Monetary Theory (MMT) is the solution, however I believe that it is what will eventually destroy the US dollar and this country as we know it, NOT the digital Yuan. Voting has consequences, right? At least we don't see any more "mean tweets" right? All of this is great for cyrpto, and our investment here with MONI, but bad for our country and the rest of the world.
https://money.usnews.com/investing/investing-101/articles/what-is-modern-monetary-theory-mmt
China defaulting means the USA will default means the EU will default. In turn, every other nation will default as the network of loan dependencies cascades into non-existence and hordes of government traders start a firesale. At that point the masses will notice their bonds are in trouble and start retrieving them early, which worsens the firesale, so on, so on, so forth. This could be the big one, we'll see.
https://archive.is/a9LTF
https://www.zerohedge.com/markets/doomsday-evergrande-arrives-creditors-demand-immediate-payment-bonds-no-longer-eligible
China has big problems...
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