The US is facing a dollar collapse by the end of 2021 and an over 50% chance of a double-dip recession, economist Stephen Roach says
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Stephen Roach. Chen Xiaomei/South China Morning Post/Getty Images The US dollar could collapse by the end of 2021 and the economy can expect a ...

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  • eli [she/her]
    ·
    4 years ago

    Unlikely, but this would be an amazing wake up call for the world to stop relying on this non-scarce infinitely-minting shit FIAT.

    • Whodonedidit [he/him,comrade/them]
      ·
      4 years ago

      I'm no economist but ive heard some frame the issue more in terms of the fact that our economy is being run like we're still on the gold standard instead of the non-scarce fiat. We have no need for austerity its just the old ideologies rotting the new system

      • SerLava [he/him]
        ·
        4 years ago

        Well conveniently if you treat the rich like there's no scarcity, and the poor like there is, then all the wealth and power flows up