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if the USD sinks, the entire world sinks

backing off the USD is a hundred year project...you need an currency from a relatively open and law-bound Great Power that has demonstrated its staying power through conflict

there isn't anyone else who fits the bill...yet

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We were talking debt, not USD. The federal government does not have the power to create money, despite what people think, and so they can't print money to pay off their debts.

> The federal government does not have the power to create money

The federal government choose not to have that power, they could technically take it back at any time with only political/market confidence consequences. With a crazy guy running things, anything is possible at this point.

> with only political/market confidence consequences

That's one way of downplaying what happens next...

Yep. But we live in interesting times.

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