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Comment by wesapien

16 days ago

It's only one of the key levers of power of the USA. No biggie. You give people money represented by paper but mostly bits/bytes in exchange for other peoples materials and labor. Can you unpack what kind of stuff you're talking about? Are we talking about nascent industries? This stuff, who are you going to sell it to ?

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wesapien

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rayiner  16 days ago

Doesn’t that seem fake to you? To me it sounds like a scam that’s destined to collapse in spectacular fashion.

  • wesapien  16 days ago

    Fake, no not at all. Look around your where live. Think about who, where, and how those things were made. Scam? From whose perspective? There is only one global reserve currency. For all intents and purposes, that is the crown and heavy is the head that wears it. Sure it feels like a scam for anyone outside of the 1% or the political class or the plutocracy.

    The world followed the lead and it just wanted reciprocity (exclude the enemies of course). What seems fake to you and who is getting scammed by who?

    • rayiner  16 days ago

      I’m saying it seems like a scam when we consume more than we make by giving other countries pieces of paper. Why doesn’t the EU make the world’s reserve currency if that’s so great? Why doesn’t China try to make the Yuan the world’s reserve currency?Why did Angela Merkel cry when Obama tried to get Germany to engage in deficit spending? https://www.express.co.uk/news/world/1084075/EU-news-Angela-...

      And why do other countries keep doing it if we are the ones getting the better end of the deal?

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