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0 sats \ 0 replies \ @Squeeze_every_Sat 13 Feb \ on: What Is a Crack-Up Boom? Definition, History, Causes and Examples econ
Yes
It’s happening in slow motion right now in the United States.
The majority of oil is bought in USD. Debt is denominated in USD internationally.
There is international demand in USD which helps mitigate hyperinflation.
Any country that does not issue the world reserve currency will experience the crackup boom way fast.