Do most Americans understand the world of pain they are in for if the dollar falls?
'World of pain' is a bit of an overstatement. WW2 ended the Pound Sterling's status as the global reserve currency, and I would hardly call the currency situation a 'world of pain'.
The only thing I consider a 'world of pain' is watching more and more streets of my city become exclaves of third world shitholes, and that's being done by our leadership, deliberately.
America is in a more unique situation. Third world countries have a shit load of dollars under the figurative mattress. If they start dumping, we'll need a more extreme word than hyperinflation. There would be superlative-inflation. The Fed could theoretically freeze those dollars like is being done to Russia, and then things get really interesting.
'World of pain' is a bit of an overstatement. WW2 ended the Pound Sterling's status as the global reserve currency, and I would hardly call the currency situation a 'world of pain'.
The only thing I consider a 'world of pain' is watching more and more streets of my city become exclaves of third world shitholes, and that's being done by our leadership, deliberately.
America is in a more unique situation. Third world countries have a shit load of dollars under the figurative mattress. If they start dumping, we'll need a more extreme word than hyperinflation. There would be superlative-inflation. The Fed could theoretically freeze those dollars like is being done to Russia, and then things get really interesting.
Ludicrous inflation. We're goin to plaid boys.