Gyroscopic Investing

Unlike so many in the knuckleheads forum, I'm not a Warren Buffet groupie, but I just read this article and was pretty amazed and impressed by how clearly/simply/casually he expresses his confidence in the US economy based simply on the fact that this country can pay its own debts via their own printed-at-will currency.

Warren Buffett explains the simple reason why the US will never default on its debt
https://finance.yahoo.com/news/warren-b ... 05213.html

I'm wondering if he's going through dementia such that he's being so open/honest about things that the elite would surely not want discussed.

What is never mentioned in this article is WHY/HOW such a thing is even possible. Why on earth would a country be able to print money to pay its debts with no one ever objecting? The answer is clear to anyone who isn't blind and/or immoral: because the USA has guns pointed at every other country on the globe. Everyone has to accept, with a smile, the printed money and IOU's that the USA offers, because what other choice do they really have?

Isn't that true of any country which is able to issue debt in its own fiat currency? There are many such countries, aren't there? I don't think the US are unique in that way.

This is no secret and everybody who buys these treasuries knows this. The US isn't unique in this regard. There are multiple countries for whom the debt-to-GDP ratio is overboard. Here in Europe we have France and Italy. Japan also has gone nuts.

It's the reason, as I understand it, why they all love inflation so much. When everybody else really hates it.