Will the USD become like the Japanese Banana Money?
The Federal Reserve is PRINTING even more money. USD2 trillion into the banking system. Let's look at history at what happened when money is printed indiscriminately. The Japanese during World War 2 printed their infamous Banana Money almost without limit. Result? Hyperinflation and the currency very quickly became worthless. Read more about this: https://en.wikipedia.org/wiki/Japanese_government%E2%80%93issued_dollar_in_Malaya_and_Borneo
Argentina printed massive amount of money. Result, Hyperinflation and their currency also became worthless. That was in the 90's. Now despite having experienced this, they continued to print money resulting in inflation rate above 90%. See this article: https://www.bloomberg.com/news/articles/2022-08-03/argentina-pledges-to-end-budget-financing-via-money-printing
Will this happen to the USD? Don't take chances, convert your USD to some other more reliable currency. Remember that the USD is NOT backed by any tangible asset.
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