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Comment by jbverschoor

7 days ago

That's precisely the point right? Devalue the dollar when so you can pay off your debt with a higher value asset.

If the US$ drop 30%, the deficit magically dropped 30% when calculated in something else....

8 comments

jbverschoor

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blatantly  7 days ago

Which is like burning all the houses (including your own) so you can use your houses to buy other people's houses cheap.

This only works if you have superior manufacturing infra. To some extent the FAANGs export tech. But if FAANG is a tiny thing compared to say Toyota.

  • jbverschoor  7 days ago

    "Pay with digital dollar, and you don't have to pay tarifs". Problem solved. Demand for digital dollar will grow, but can also be used for normal dollar transactions. Therefore the USD will devalue, and gone is the national debt.

    /s/digital dollar/bitcoin or trump coins or doge coins

    • blatantly  7 days ago

      This make no sense. Tariffs are paid by the supplier who is receiving money from the US customer. Are you saying if they pay the tariff in doge coins the tariff is zero doge coins?

      As for other polices that "punish USD" "reward MagicCoins" ... well the market would hopefully see both currencies as crap and use Euros or Yuan. Or maybe new currency baskets will emerge to decentralise power.

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Taniwha  7 days ago

But the US$ is kept artificially high because it's used as a reserve currency for things like oil/etc - this is IMHO the main reason why the US is in this position, it wont let its currency float down leaving exporters screwed (but cheap imports for the masses). Just increasing the cost of imports but not making export prices higher (lower in fact because other countries will be raising tariffs against the US)

It's very much a case of "you can't have your cake and eat it too" fix an artificially high US$ and you can force everyone to trade in it for oil, but as a side effect you screw your exporters