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  • robodrill

    June 5, 2021 at 1:06 pm

    I had the same question.

    First the immediate bad actor pays out, then the consortium pays out, then the insurance pays out, then the government is put in a very bad spot. If they let the market simply take people’s money without holding true to their contractual obligations, then trust in the market, trust in the dollar and trust in America all crash.

    The Dollar, and the ability of America to act are based on trust. Neither has intrinsic value. If the rest of the world, and Americans lose faith in the dollar or faith in the American enforcement of contracts, then America itself will all but cease to exist. The government has to bail out the hedhge funds.

    There will be a lot of inflation as a result so invest your tendies. keeping them as dollars is a bad idea.