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That was a rainy day argument for not caring too much about debt. But what's happening now is we're raiding our savings account to pay for bath salts. No, it was not "the plan all along".

> But what's happening now is we're raiding our savings account

What savings, USA just takes on more debt it hasn't saved anything.

I heard the term "bail-ins" used in this context. i.e. the elites will have to suffer the devaluation.

Other countries got screwed when doing that because the US used to have the world currency and could print money essentially without repercussions.

Note the past tense as this advantage is now gone with Trump.