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> that the government can create for "free" One of the very smart things the U.S. has done is take a good portion of those printed dollars and invest in weapon
by 0x445442 7y ago
> that the government can create for "free"
One of the very smart things the U.S. has done is take a good portion of those printed dollars and invest in weapons which allow us to force the world to accept the same printed dollars. That's what really allows our government to be in that globally unique position. Resistance to this by other nations has various consequences. If you're a country that doesn't have a certain level of military deterrent you become victim of "regime change". If you are a country that meets that deterrent threshold you become victim of the foreign boogeyman FUD.
- treis 7y agoThat's not really accurate either. Switzerland and Japan aren't out there regime changing countries but their currencies are valued. The dollar is valued because the US is the largest economy and has a history of sound monetary policy.
- taylodl 7y agoNot only that, but the Nixon administration cut a deal with the Saudis to ensure that all OPEC oil would be sold in US dollars. This creates a demand for US dollars.
- onlyrealcuzzo 7y agoSimilarly, the Rubble is garbage, even with Russia flexing their guns.