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To: Miami Rebel

Inflation is the way government cancels debt without an explicit default. Trump continues to spend like a drunken sailor. He thinks debasing the currency is a way to dodge the bullet.

But since the deficit and debt are driven by entitlement spending, and entitlements are indexed, inflating the currency simply inflates the unfunded liabilities that drive the spending in the first place.

What did Zimbabwe end up with ... a $100 trillion note, or something like that? And it was worthless, even in Zimbabwe, except as a collectors item. Trump seems fine with doing that to the dollar. And when we start printing $100 trillion notes, he’ll want to put his own picture on them.

Which might be appropriate.


112 posted on 06/10/2026 4:18:37 PM PDT by sphinx
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To: sphinx

He already wants to put his picture on a $250 bill to celebrate the anniversary of our country. This despite the fact we NEVER put the face of a living president on our money. I think he also wants a dollar coin, frankly a rather disappointing piece of non artistic portraiture from the picture printed in a newspaper I saw.


121 posted on 06/10/2026 7:30:48 PM PDT by gleeaikin (Question Authority: report facts and post their 'links" in your messages.fr)
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