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Thanks. ChatGPT didn't mention the dollar's inevitable collapse? In explanations I have read about the theory that is always included.
Nope. Probably the ChatGPT rules don't allow it to talk about the dollar collapsing.
I did a little experimenting with ChatGPT, asking it if the US will be able to pay it's debts. For instance, "
How will the US be able to pay its debts, without printing lots of money and making the dollar valueless?"
Soothing answer -
"Managing a country's debt responsibly is indeed a complex task. Excessive money printing, or engaging in a practice known as hyperinflation, can erode the value of a currency, causing prices to rise dramatically and leading to economic instability.
Governments use several strategies to manage their debt without resorting to hyperinflation: blah blah blah
Interesting...
This is what chatGPT told me:
"The metaphorical imagery of the U.S. slurping up liquidity from other economies like a milkshake through a straw is the explanation commonly associated with the origin of the term."
Also here's an article from bitcoin magazine on the dollar milkshake theory, and the bitcoin extension: https://bitcoinmagazine.com/markets/weaponized-us-dollar-for-global-hegemony