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Money has no meaning once it becomes infinite. Trump clearly has no idea what the Great Depression was, nor what lead to Weimer Germany's collapse.
On the plus side, it is a fascist society that will be left holding the bag of shit. The blowback from economic annihilation tends to blow apart old ways of doing things. Provided we assert ourselves, we can recreate the USA to be something that isn't crap.
...at least, I hope that is the silver lining to all of this. 😰
The thing is, american society is already standing on stilts. Economic catastrophy would be a huge opportunity for reform, but the cost to human lives and livelihoods would be uncertainly high.
At this rate, it is inevitable.
There’s going to have to be a lot blood to fix this. That is tragic
I mean it's going to happen eventually, and unfortunately the economic impact will be global. But I think countries are already trying to insulate themselves from the worst of it.
Centrist democrats in 5 years:
"Fascism sounds great on paper but it isn't economically viable"
That only happened the last time (Germany I mean) because they lost a world war.
And then this:
https://en.wikipedia.org/wiki/Marshall_Plan
It didn't just happen.
I really don't think Trump is creating an infinite money glitch, I think he is using the fed to crash the economy, and make a hefty sum on the side. Money isn't a commodity like diamonds, where there is a limit to how much diamonds you can mine. Money supply is pinned to the productive capacity of a national economy.
Money is a social relation. It takes the form of a commodity but oversupply and undersupply isn't determined by the number of dollars in circulation, its a relation between what can be produced and what is actually produced