MK
"If we lend the USA say $1 billion when our exchange rate is $0.65c (AUD$1.5 bil), and the USA inflates itself out of its debt, we lose because with a decreasing USD Exch rate to say $1 USD= $3 AUD we only receive $333 mil back"
If we lend the US 1 Bill and if the US inflates its currency then the US currency will devalue correct?
So why would you lend to the US in USD. Lend to them in AUD. Take it or leave it
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