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Trump on inflation and debt

Trump says certain inflation levels could pay down US debt fast, read as inflating away $40 trillion.

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Key points

  • Trump said "certain levels of inflation" could pay down the U.S. national debt "very rapidly."
  • Judy Shelton joined the U.S. Treasury as Counselor to the Secretary and wants gold-linked bonds that work like a modern gold standard.
  • Scott Bessent called for a Bretton Woods2.0 within the next 4 years.
  • @PeterSchiff said Trump's share of the blame for inflation and the affordability crisis stems from signing off on massive increases in deficit spending during COVID in his first term.

Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI

Original post

Stern Drew @SternDrewCrypto 64.2K followers

🚨 Trump Just Admitted the Plan: Inflate Away $40 Trillion and Effectively Wipe Out The Fiat System Trump just said “certain levels of inflation” could pay down the U.S. national debt “very rapidly.” Their plan is simple: print a ton of dollars, buy real assets, let prices explode, and make the $40 trillion debt feel tiny. The government owes a fixed amount of dollars. If those dollars become worth less, the debt shrinks in real life even if the number on the screen stays the same. It’s like owing someone 100 apples when apples suddenly cost twice as much, you still owe 100, but each one is easier to hand over because money is weaker. How it works: 1. Print or create more dollars to cover big spending and interest. 2. People and the government rush to buy real assets that outperforms the Fiat debasement(betting mainly on AI, robotics and crypto economy). 3. Everyday prices rise fast. 4. The old debt becomes much cheaper to repay with the new, weaker dollars. Who wins: anyone who already owns hard assets. Who loses: people holding cash or living on fixed paychecks, their savings buy less every month. Judy Shelton just joined the U.S. Treasury as Counselor to the Secretary and she wants gold-linked bonds that work like a modern gold standard. Scott Bessent also called for a Bretton Woods2.0 within the next 4 years. The debt doesn’t magically vanish. It just gets paid back with dollars that don’t stretch as far. That’s the whole idea. This was exactly warned by the famous City Of London banker @LordBelgrave at the start of the year. Washington will have no choice but to debase the U.S. dollar to get out of its debt trap. So, the jester is indeed Donald Trump.Quoting @LordBelgrave: https://t.co/6qEcj5wnMU
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What others are saying

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  1. Peter Schiff @PeterSchiff 1,511

    Peter Schiff blames Trump's first-term COVID deficit spending, not war, for the inflation crisis.

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From @renewableworks, @Grimdark_Chickn, @CaVivekkhatri and others. Spam removed, with English and Chinese translations.

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