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Sovcit is sooooo close.. (lemmy.world)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 3 months ago* (last edited 3 months ago)

Since the USD is considered the world reserve currency, the government is capable of doing wacky shenanigans like that. Inflation, so long as the American people are insulated from it, could theoretically be used as a way to extract wealth from other nations. It wouldn't surprise me to learn that they're actually already doing exactly that.

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