It’s a big farce. The government does not have the money. It issues money based on nothing, thus diluting the value of each and every dollar bill in circulation.
It just cut the value of your savings, retirement funds, and investments.
Plus, who do you think is going to buy the government obligations? Probably the very same country that gave us CV19.
You’re probably right .....
Saying it cut the value of our savings??? Right now withdrawing your savings & stuffing it in your mattress will do about as well. I had a savings account for years & then had to basically eliminate it so as to write checks with it. It didn’t make a lot of difference, tho, as the interest it paid was practically nothing. A small savings account(such as mine was) is basically worth only face value.