They can ‘feel’ however they want. If they don’t start taking action and sooner rather then later it won’t matter a damn.Recall video of this happening in Italy a year or two back, too.
Guess more people across more nations are starting to feel the same way?
“Good soldiers follow orders”
They won't need to...they'll just use those soldiers to take the money from everyone who resists.
No, you don't run out of 'other people's money', because the Federal Reserve has infinite cash, thus the elite will never run out of money to pay the troops with.
Eh, none of those had the petro-dollar, the internet, 11 carrier battle groups, nukes, or orbital assets; and as far as I know, none of those existed in a world where barter-based economics was effectively extinct, in favor of only fiat currency.
There is a finite amount of real-value in the country at any given time, that is the sum total of all goods, services and IP. In an ordinary economy, this figure divided by the sum-total of all currency issued establishes the worth of the currency. The US is slightly different in that, at the moment, the US economy is not limited to the borders of the US, but also encompasses portions of every economy that uses the petro-dollar as a means of exchange. This makes the numerator of the equation an impossible figure to determine, which can make things seem infinite, but ultimately there is still a limit.
There is a limit to how much physical goods there are, sure; however, the net means that people can produce 'value' without any hard goods or IP changing hands.
This is a form of IP. Essentially the same as someone leasing book-rights and collecting on e-book sales. The content created maybe streams, but it's still your property. You may be saying that you can create an infinite amount of digital content and that this will allow for infinite growth of economic value, this is not true. Things like this are examples of wealth transfer without adding economic value, essentially the same as charity or taxation. You could argue that anything which does not have consequences in the real world does not affect absolute economic value. A piece of CG that increases sales of iPhones increases overall economic value, that same piece of art if just sold on Patreon for its own sake does not.
This is essentially a tributary or colonial system of economics, "use our system or face brute force consequences" it's so old it predates classical economics. You are correct that economics doesn't really think on it, it's kind of a grey area where geopolitics, tax-law and economics interact, and no-one wants to claim responsibility for it.
The income from sales and transactions still get taxed, so it can still generate revenue for the state.
People want the US to be a hegemon, why are you surprised when we've created a very powerful system of soft-power measures to use as a tributary system, instead of our carriers battle groups and nukes.
They never stop paying the good soldiers. Money printer never stops running, taxation never stops either, even if at gunpoint by said soldiers.
Money is already functionally 'worthless' compared to people in the 50's. If you said that a pound of bread would cost about two dollars to a 50's man, he'd laugh in disbelief because that would be the price found in a third world country, not a superpower.
He was talking about hyper-inflation levels of worthless. Where the face-value of a loaf of bread can go up by a million over night, where currency is worth less than the paper its printed on and no one trusts it, preferring to barter with luxury consumables.
They'll just make bigger denominations and do their regular economic wizardry. It's already all a big sham, making it a bigger sham won't matter much at all.
Hyperinflation is what happens when a Country chooses to just make the money printer go BRRRRRRR without restraint.
@The Whispering Monk is right. However, the other thing to consider is that foreign debts are often not in your own currency. If you have to pay a debt in Yen but the USD is worth less than a thousandth of one Yen, then printing more money won't help because that would merely devalue the currency even more and result in a higher relative payment.
