Re:DOGE employees don't understand the basics of SQL
by bithive123 on Thursday February 20, 2025 @07:22PM
(#43122456)
Respectfully, this is not accurate. Zimbabwe's debts were not denominated in their own currency. You are repeating a claim which has been debunked for decades, and is based on a misunderstanding of how our monetary system works.
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Re:DOGE employees don't understand the basics of SQL
by invalidname on Friday February 21, 2025 @12:19AM
(#43124284)
Yes. But an important key fact here is that this is true as long as the USD is the world currency. It's the world currency since the US is the global super-power both in international support and military strength.
By cutting spending on foreign countries the US is forcing these countries to turn elsewhere for aid which will come in the currency of the new provider and with strings attached. This can cause a domino effect which will significantly weaken the USDs standing and force the US to take up "real" debt.
DOGE could very well bankrupt the USA if they aren't careful. They don't seem careful or self-aware.