Quote from: Satofan44 on Today at 12:12:11 PM

They have been already devaluing the dollar for a very long time. Each time you print any amount of dollars, you are devaluing all existing dollars. This claim is not that strong and is still made with inherent bias towards monetary inflation. The other side can't make political arguments against printing money, because then people in their own country will question this practice too.

Quote from: Alpen on Today at 12:09:43 PM

A potential stablecoin act could allow the U.S. to pull off the same scheme again. This time, the issued tokens would be backed by U.S. government debt. However, since they wouldn't be a direct government liability, they could de-peg, just like what happened with Do Kwon's UST stablecoin from Terra (LUNA)

Your idea is that the government is running an organized scam with the stablecoin? Life is already entertaining enough. Their stablecoin can't depeg like Do Kwon's UST, the stablecoins created by the stablecoins act are not algorithmic. They are backed by dollars. They can depeg in different ways, but not in the way that it happened to LUNA.

Quote from: Alpha Marine on Today at 11:04:47 AM

I think this post should be in the "Economy" board because it's not bitcoin-related, but economy and stablecoins.

Yes.

Quote from: Rustam Meraj on Today at 11:48:08 AM

Claims you saw are not supported by official U.S. government policy. They are part of political argument from country that wants to challenge U.S. dollar global power. Idea that U.S. would use stablecoins or gold to devalue its debt is not standard economic concept. In reality recent laws in U.S like GENIUS Act are designed to do opposite they make sure stablecoins are backed by U.S. dollars and government debt which actually helps strengthen U.S. dollar position not weaken it I think.

Another shitpost by another idiot.

tricky dick nixon started the devaluation of the dollar. he took the usa 🇺🇸 off the gold standard. cut the taxes for the rich and grew the deficit quicker if you look at the charts for the us deficit they just moon once nixon got in. the dollar has suffered huge shrinkage since 1970.