What is Next? Currency Collapse and Hyperinflation? Following the Venezuelan Model

[munkle]

The $2 trillion dollar stimulus added the kind of debt that is usually racked up in years in a month. Who will loan the US that kind of money with interest rates at zero? And guess who holds much of our debt now? China. The next coronavirus nightmare is not more deaths. It is a Venezuelan-Argentine style hyperinflation that will make the present economic crisis look like a Sunday school picnic.

Americans need to get back to work. The salvation of the economy will be the productivity and work ethic of the American worker, who will pay taxes, produce income, and instill confidence in the American economy. This is the worst case of national suicide the world has ever seen.

#BackToWork

 

[JustAnotherNut]

The current & looming problems from the pandemic are more widespread that just here in US. These same issues are being faced around the globe

 

[Lucy Hamilton]

The $2 trillion dollar added the kind of debt that is usually racked up in years in a month. Who will loan the US that kind of money with interest rates at zero? The next coronavirus nightmare is not more deaths. It is a Venezuelan-Argentine style hyperinflation that will make the present economic crisis look like a Sunday school picnic.

Americans need to get back to work. The salvation of the economy will be the productivity and work ethic of the American worker, who will pay taxes, produce income, and instill confidence in the American economy. This is the worst case of national suicide the world has ever seen.

#BackToWork

"This is the worst case of national suicide the world has ever seen."

Is THIS how America is to end? It's so sudden, it's beyond shocking and also scary.

 

[munkle]

The current & looming problems from the pandemic are more widespread that just here in US. These same issues are being faced around the globe

All it has done is totally empowered the authoritarian impulses in government, which is all governments.

 

[Toddsterpatriot]

The $2 trillion dollar added the kind of debt that is usually racked up in years in a month. Who will loan the US that kind of money with interest rates at zero? The next coronavirus nightmare is not more deaths. It is a Venezuelan-Argentine style hyperinflation that will make the present economic crisis look like a Sunday school picnic.

Americans need to get back to work. The salvation of the economy will be the productivity and work ethic of the American worker, who will pay taxes, produce income, and instill confidence in the American economy. This is the worst case of national suicide the world has ever seen.

#BackToWork

Who will loan the US that kind of money with interest rates at zero?

If interest rates are zero, plenty of people.

 

[Tom Paine 1949]

The U.S. government will not have to BORROW money (on open bond markets) to pay for this debt. Besides, the 2 trillion is only a fraction of what is being and will be spent, especially if we include Fed credit & money used behind closed doors to bail out leveraged “too big to fail” banks and over-leveraged counter-party Hedge Funds and securities firms.

It is true that if the economy remains long shut down, the net result could be that the Federal Reserve ends up owning huge parts of the nation’s economy — paid for with “fiat money” created out of thin air. Welcome to “New Monetary Theory” thinking! While all this may result in inflation, or the collapse of world dollar supremacy, a new Great Depression would I think more likely feature mass unemployment and bankruptcies, which can also lead to deflation of money and assets, as during the first Great Depression. The Fed may even be authorized to buy company shares outright (as in Japan) in a “Brave New World” of state-financed crony capitalism.

 

[munkle]

The U.S. government will not have to BORROW money (on open bond markets) to pay for this debt. Besides, the 2 trillion is only a fraction of what is being and will be spent, especially if we include Fed credit & money used behind closed doors to bail out leveraged “too big to fail” banks and over-leveraged counter-party Hedge Funds and securities firms.

It is true that if the economy remains long shut down, the net result could be that the Federal Reserve ends up owning huge parts of the nation’s economy — paid for with “fiat money” created out of thin air. Welcome to “New Monetary Theory” thinking! While all this may result in inflation, or the collapse of world dollar supremacy, a new Great Depression would I think more likely feature mass unemployment and bankruptcies, which can also lead to deflation of money and assets, as during the first Great Depression. The Fed may even be authorized to buy company shares outright (as in Japan) in a “Brave New World” of state-financed crony capitalism.

So you think a deflation is more likely?