There are no “fundamentals” to change.
It’s massively irresponsible for a leader to gamble with his people’s money like this.
It’s massively irresponsible for a leader to gamble with his people’s money like this.
Yes there are things that happen when they do that, but it is functionally impossible for the US to run out of dollars.
Which is what El Salvador did untill recently. They still do, but no longer exclusively.
Yes, yes indeed. That is a terrible idea. Though there are circumstances when it might not be the most terrible of terrible ideas and the alternative is worse. But no sane country that is not already in dire straits should do that.
Neither of these are true for El Salvador and BTC.
There are plenty of countries with a higher national "debt" ratio that provide much better quality of life to the bottom 95% of the population than the US.
The problem the US has is that it is one of the largest creditors of its own liabilities. The US prints its own money to issue itself debt with it. History's biggest ponzi.
Of those with Debt:GDP higher than the US, who exactly are you aspiring to in terms of quality of life? https://worldpopulationreview.com/country-rankings/debt-to-g...
The US & IMF don't bail out people out of poverty, they only acquire countries but economically.
When you are against them, you're just a Cuba, a Venezuela, or an Iraq.