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/biz/ - Business & Finance

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51524487 No.51524487 [Reply] [Original]

Why can't they just burn some fiat? Inflation fixed

>> No.51524507

>>51524487
yea that's wat theyre doing

>> No.51524513

I suggested this but got called a retard. Of course, they don't explain why, they just call you a retard. But if a shitcoin project can burn money from their treasury then so can rhe USA

>> No.51524533

>>51524487
lmao so in addition to paying debt we'll just do a currency burn to also increase the value of the dollars being paid
genius, the US can just start defaulting. we've saved the reserve currency boys!

>> No.51524536

>>51524507
But they aren't at all, just making it more expensive to borrow which does nothing to reduce the circulating supply of currency

>> No.51524542

>>51524487
this THIS SO MUCH, i hope powel is lurking /biz/ rn

>> No.51524553

>>51524533
When has the US ever paid denbts? They are worse than Greece, literally its at $30 trillion

>> No.51524579

>>51524553
it's constantly repaying its debnts by taking out new debnts retard. that's why it keeps growing. you think the US has defaulted on its coupons even once since 1971?

>> No.51524580

>>51524487
Do it yourself

>> No.51524588
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51524588

>>51524487
inflation is a supply issue. It is putin fault. nothing the USA can do.....so sad. FED did nothing wrong

>> No.51524603

>>51524579
>repaying its debnts by taking out new debnts
That doesn't sound very sustainable. Like paying off a loan with another loan.
>>51524580
But it's not my job, I'm not the federal reserve

>> No.51524613

>>51524603
>That doesn't sound very sustainable
yeah no shit. go educate yourself on how bad things really are.

>> No.51524624

>>51524536
actually they are. they destroy old money almost every day. they just print a lot more than destroying.

>> No.51524755

>>51524613
Quick rundown? Who do I blame, is it jews?

>> No.51524784

>>51524487
You should thank your lucky stars that you aren't in charge of monetary policy, otherwise, you would have crashed the country.
Anyway, they are doing the actual viable version of what you are suggesting. Rising interest rates, so that more fiat is parked and therefore not circulating(so hence 'burned')

>> No.51524804

>>51524784
Yeah but as soon as they pivot every retard is gonna run out and spend spend spend

>> No.51525909

>>51524533
>invent trillions of dollars in one year to buy corporate bonds
>money supply goes parabolic and inflation kicks in
>sell corporate bonds (we are here)
>random retard: hurr durr you can’t just get rid of all those trillions we printed just to buy bonds!!!! It’ll increase the value of the dollar!!11!!!1!
Pro tip: inflation isn’t caused by an increasing dollar value. Take Econ 101 again

>> No.51526042

>>51524603
it's not meant to be sustainable
the imf will absorb the debt when the us fails

>> No.51526054

>>51524487
They should just do what shitcoins do and have 10% buy/sell tax 8% burn 2% marketing wallet

>> No.51526075

Because it’s all a game

>> No.51526086

What do you think raising interest rates is for. RETARD ALERT

>> No.51526098

>>51526086
And where does that extra interest get paid to?

>> No.51526125

>>51525909
Nice non sequitur but I never said anything about inflation retard. And at what point are all those trillions "gotten rid of" exactly? The fed isn't deleting dollars.

>> No.51526142

>>51526098
It gets removed out of the system. The next step is to taper up.

>> No.51526184

>>51526098
The federal reserve, that money is removed from the circulating supply, hence the dollar gains value over time which combats inflation. There are more factors at play here, interest rate hikes aren't going to solve all the problems obviously, but in the most basic sense of economics yes having fewer dollars circulate within the economy through requiring hire interest rates for loans is the similar to a shitcoin project burning tokens to lower the supply. The entire basis for Chainlink being worth a lot is the idea that tokens will be locked up in staking and removed from the market, this is similar to the fed "buying back" dollars at a greater rate than before in a basic sense. Remember, just because something EXISTS doesn't mean it's ON THE MARKET, oil deposits that aren't able to be efficiently extracted and refined don't have an impact on the price of a barrel of crude oil because those deposits aren't on the market yet, and until technology and such make it possible they will remain outside the scope of oil trading.

>> No.51526185

Nooo don't burn money, just send it to Israel, Israel need the money pls

>> No.51526230

>>51526042
>the imf will absorb the debt when the us fails
Won't other countries complain when they see the game is rigged?

>> No.51526506

>>51524755
Yes and checked

>> No.51526530

>>51524536
So in other words, they're burning money.

>> No.51526554

>>51524487
I volunteer to be the burn address

>> No.51526591

>>51524536
they started a war wtih russia and cut off domestic energy production to increase the cost of living for everyone. kikes are burning your fiat you dumb faggot

>> No.51527282

>>51524536
Look up quantitative tightening