But since then the other countries learned that the US government could weaponize their USD holdings if they don't align. Central banks started accumulating gold to counter this.
Also, debt market is not the same as it was 5 years ago, Japan now has inflation (and they hold the biggest bag of US debt).
To add to this, USD lost 10% of its value this 2025 according to the DXY index. To be fair, it pretty much went to what it was worth before 2022, but the Fed has to be careful anyway.
Many things happened since 2020. It's almost 2026.
Oh I agree with you. But my point was it won’t stop them from trying damned the consequences.
It’s not like they are using their wealth on frivolous consumption. Which means redistribution would only change who controls the investment and not the actual consumption patterns of people. Implication is that poor people will consume the same as before after redistribution with perhaps some extra assets.
So nothing materially changes other than some security. Poor people will continue to consume the same as before. Bigger problem is it’s not so clear that redistribution is necessarily a good thing because I feel the people who made money are more likely to make better decisions on their own companies.
I don’t know how companies would fare if for example Amazon were redistributed and run like some public company.
(Posting again)
Eventually everything from vehicles to housing will be rented to us as a way to extract the little wealth that’s left. Or layered subscription services. These aren’t great corporate ideas they are extractions of wealth.