/biz/ - Business & Finance

>>21749010
>you can keep printing money forever!
eventually the rest of the world stops playing along
>you are here
china is rolling out a new CBDC backed by gold and it looks like Russia will follow. What happens when other nations have a store of value backed by an actual store of value and investors diversify their portfolios into globabl markets with more stable currencies. Basically, do you think it matters how many dollars they print when the dollar loses its status as reserve currency? There will be trillions of dollar bills but they will be worth nothing. Hyperinflation, fren. There are 3 countries in the world right now experience hyperinflation (zimbabwe, south sudan, and venezuela) and we live in the "unlimited fiat money" world. Why don't they print more money? Oh wait...because pic related is what happens.