He’s driving the fed off a cliff, and then converting our oil-based fiat system to a sound money system. In order to do that he needs to show that the old system doesnt work. In doing so, he will bleed it dry by reinvesting in america. Once the old fiat dollars are worthless compared to our new dollar, he will easily pay off the old debt and we will be left with a monetary system that Will leave us richer than ever- mostly because we wont be paying interest to central bankers anymore
Pardon my ignorance, but wouldn't this cripple our economic competitiveness with the world? I guess I am not understanding the reasoning to bleed the fed dry.
this type of stuff is way over my head. cliff notes?
He’s driving the fed off a cliff, and then converting our oil-based fiat system to a sound money system. In order to do that he needs to show that the old system doesnt work. In doing so, he will bleed it dry by reinvesting in america. Once the old fiat dollars are worthless compared to our new dollar, he will easily pay off the old debt and we will be left with a monetary system that Will leave us richer than ever- mostly because we wont be paying interest to central bankers anymore
Pardon my ignorance, but wouldn't this cripple our economic competitiveness with the world? I guess I am not understanding the reasoning to bleed the fed dry.