Money gets created in the USD economy all the time, whether by invented debt, cash printing, or the issuance of bonds. Does that money actually represent wealth? Does the USD economy actually contribute anything of value?
So let’s say you wanted to permanently remove value from the USD economy for some reason. What’s the most effective and impactful way to “burn money?” Not spend it. Not acquire it. Destroy it, with the goal of taking that value out of the economy.
Burning/ shredding physical cash seems really inefficient. Maybe the answer lies in devaluing real estate?
This is all hypothetical so assume whatever resources or labor you want.
1: Invest in crypto 2: Invest in AI 3: Buy high, sell low
Remove the peoples trust/value from it. Make societies (even small scale households/towns) around a currency-less system with things taken care of by each other using no money, just an agreement (it’s how communities used to work for thousands of years before capitalism, so it’s completely do-able). Or use a new money if you wanna start the failed capitalistic orphan grinder up again. Essentially starve the currency from trust/value to people and its value goes back to what it was, nothing. Money has no intrinsic value so if you make systems outside of that currency that stops people from requiring it, all the made up value goes back to zero.
For the record the US Treasury does actually physically burn real money. When bills become too degraded, have errors, or generally aren’t fit for circulation they need to be removed. They usually contract with an outside disposal company and the process is overseen by the secret service. Usually biomedical waste services have the necessary secure procedures and equipment to properly incinerate cash
Removing currency isn’t the same as removing value.
The quickest way to remove currency is raising the reverse ratio.
Quantitative easing, heaps of pointless tariffs, a brain drain/immigration crackdown to get rid of all the cheapest and smartest labor, and broad policies of isolationism so that the dollar loses world reserve status.
All of this is already happening, and I halfway suppose the OP knows it.
Give it to the KLF.
emp bombs in the right places
EMP bombs are not realI was wrong, EMP bombs are real
idgaf you corrected yourself, the fact you so arrogantly insisted in your ignorance in the first place earned you a block
Also research HERF guns. I suggested them for IEDs but the researcher I talked to said the military was far beyond that idea.
Inflation. Make the currency worthless.
Destroying money would make it more valuable.
Yeah this is kind of the opposite
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Taxes. This is the most effective way to reduce the amount of money in a system
Taxes. The government can just print more money to pay for everything, but instead they tax to take that money out of the system
But taxes don’t take money out of the system. The government then spends that revenue in the budget.
devaluing the dollar, basically if countries stop trading to the USA, it will be like the ruble, pratically worthless if not for the yuan.
Create a new currency using USD as a base; stop printing USD, re-evaluate USD to be near worthless compared to new currency (1 USD : 100 N(ew)USD
Following this, implement either hyperinflation after USD is largely switched over, and it’ll destroy 99% of value, or you can stop printing right after, and NUSD will quickly devolve lower than it can even be represented, leading to inflating prices, and less use of NUSD in place of literally anything else, with no access of USD to even return to
That’s called taxes. That’s literally what taxes are, destruction of currency. Go pay your taxes to the treasury in cash, they will literally shred it.
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