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/biz/ - Business & Finance


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21781721 No.21781721 [Reply] [Original]

Okay, so first of which how the fuck can the federal reserve loan out so much money? How much is this actually worth, it says 3 trillion so how do they keep loaning more than that to the U.S gov? The Iraq war cost like 6 trillion by itself. It actually makes no sense. So anyway, why couldn't they just buy crypto or why couldn't the government buy crypto and then make a digital dollar based off some insane metric involving crypto worth? Wouldn't that fix that prevent hyperinflation. I know we're running on MMT, wouldn't them buying crypto basically just keep the entire system at float and completely scaleable? or am i retard

>> No.21781739

>>21781721
You're a retard

>> No.21781759

>>21781739
so they couldn't be like "okay we bought billions of dollars of this crypto that is this value, and we're creating a digital dollar based off a percentage of the value of this crypto we're holding"

>> No.21781761

wow

>> No.21781790
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21781790

henloo

am i right here?

>> No.21781799
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21781799

>>21781790
>>21781761
i'm not proud i made this

>> No.21781843
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21781843

token not needed

>> No.21781868

>>21781843
kek
All you had to do was pay attention to the memes OP. It's ok to be a retard but a retard who doesn't follow the memes is unforgivable.

>> No.21781882

>>21781843
actually it would, how would you even be able to value the resources for the digital dollar? there needs to be a universal valueset then the currency would adjust itself for the country based off the amount of resource backed tokens they held

>> No.21781897

>>21781882
wow

>> No.21782054

>>21781897
don't just wow me here. what is to stop one country from over or devaluing a resource when it comes to their digital dollars? what if america decided our oil was superior to all oils and made our digital currency more valuable? a token . im just gonna stop typing im retarded

>> No.21782059
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21782059

>>21781882
bredon wuuds