Back at the time, our grandparents said there was lots of concern about the Dollar being the currency after the last world war, there was great concern what would happen if this day ever came.
Many people around the world store their savings in dollar valued assets. The dollars Russians have stuffed in their mattresses alone would unleash such a sudden inflation that people would be literally unable to cash them in for commodities.
Everyone wondered where all the inflation was from them printing all this money over the last 30 years, it has been reduced by people socking away money. When they realize their money is loosing value even under the mattress, it will unleash Armageddon on the US Currency.
I never thought about that.
But the only way the russian mattress hoards of US currency can do harm to us here in america is if all those dollars find their way back to US soil. I’m not so sure that will happen. besides, the total value of those mattress hoards are insignificant compared to the digital dollars given away to banks and others here in america.