/biz/ - Business & Finance

>>54418348
>mental midget is trying to look smart by adding 1+1
Debt can't be forgiven when it's compulsed toward foreign actors, it can only be inflated away. Which is exactly what they will do.
Hyperinflation hasn't happened BECAUSE a shitload of international debts are settled in USD, which is a huge sponge for any extra liquidity.
But this is changing. Dollars were convenient to settle trades because until recently the USD was extremely stable and incredibly liquid. This is why when for example Libya and Lebanon get a trade agreement, they don't settle it in dinars or in lebanese pounds, because those fiat are at risk of huge fluctuations over long periods, and their liquidity is limited.
But this is over. You speak about muh petrodollar, but it seems you are stuck in the 90s my dude. Saudi Arabia declined Biden's offer. Instead they asked to join the BRICS. They just last week accepted to sell their brut to China in yuans, shitting over the dollar privilege.

The only reason the USD didn't hyperinflate until now was because it's was a trade facilitator, an agreed upon standardized medium of exchange. But US jews went too far, and abused their privilege too much by overprinting and betraying everybody else.

Now we enter the no bueno zone. Hyperinflation is inevitable because nobody needs nor want dollars anymore. Yuan is the new big boi in town, and unlike the US, so far they played it by the rules. Just look at the state of the bond market. No matter how high the coupon rate, nobody is buying US treasuries. Nobody want US debt. And everybody is trying to circumvent the dollar to pay for energy. Hell, even the frogs, who are giga lap dogs of Washington, just made a trade agreement for NLG supplying with China in yuan.

The party is over, pedro.