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[–]Karlfranz 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

it's only a matter of time until the USD loses it's reserve status.

Would anyone mind explaining what this means?

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

The long version is, we'll no longer be the default currency to which others are pegged. Expect deflation, followed by massive inflation. We've been injecting trillions of fake dollars into the system every week now for months and it has to flow somewhere. If you want to see how monetization driven inflation spirals have played out in the past look at Venezuela, Zimbabwe, Weimar Germany, etc. https://i1.wp.com/object.cato.org/sites/cato.org/files/zimba3-min.jpg


Short version: I'd like 2 loaves of bread please! https://2012patriot.files.wordpress.com/2011/05/us-1000000000000-one-trillion-dollar-bill.jpg


Even longer version: Most people don't understand what money or banking is. If you understand that it will all make sense. https://www.youtube.com/watch?v=mII9NZ8MMVM