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> the USD's status as an international reserve currency There are several reasons for that. There are very few industrial powers, mainly the US, Germany, Chin

> the USD's status as an international reserve currency There are several reasons for that. There are very few industrial powers, mainly the US, Germany, China and Japan. The Economist calls the rest of the European countries "sick men" with a population dependent on welfare. Most had to lie their way (with help from Goldman Sachs) into the EU since they didn't meet the financial milestones for admittance. Of the large economies, China is known for both currency manipulation and political issues. The US is the only superpower left. It's easy to see - the US has the only operational heavy aircraft carriers. That gives the USD legitimacy that the Euro doesn't have - there is no army behind the Euro. The advantage of being the international reserve currency is that the US gets around 1% more economic growth than others, but we pay for the military might to defend the dollar. So do you want greenbacks or lira? :)

bsanr2 7y ago
Much of the US is dependent on welfare paid for by a few industrial/financial centers. As a whole, we are also known of late for currency manipulation and political issues. Ask anyone about the effectiveness of our military should there be a funding crunch, with how much is spent maintaining overpriced, underperforming equipment. On the primacy of the dollar: we walk by faith, not by sight.
- redis_mlc 7y ago
  I normally don't reply to trolls, but ... > Much of the US is dependent on welfare paid for by a few industrial/financial centers. That's internal. > As a whole, we are also known of late for currency manipulation and political issues. Yet we're the de facto global currency. > Ask anyone about the effectiveness of our military Works great. If you want to learn more, just enter your map coordinates. > how much is spent maintaining overpriced, underperforming equipment. US doctrine is that money is no object. Ask UK about the alternative. > On the primacy of the dollar: we walk by faith, not by sight. Plus a real military, funded by a real economy.
  - bsanr2 7y ago
    Contradiction != trolling. If you deign to respond please do it respectfully. >That's internal. The circumstances of EU members with respect to the EU is substantially similar to the circumstances of states to the US federal government. >Yet we're the de facto global currency. This is begging the question. >Works great. Hm. >US doctrine is that money is no object. Ask UK about the alternative. I'd rather ask the Axis powers about the topic in question. >Plus a real military, funded by a real economy. Again, hm. I think you're proving my point. Real things can weather a period of stoppage. Castles built on data and debt disappear when the lights go out. Again, ask someone in-the-know what happens if funding or supply lines dry up, even temporarily.

bsanr2 7y ago

Much of the US is dependent on welfare paid for by a few industrial/financial centers. As a whole, we are also known of late for currency manipulation and political issues. Ask anyone about the effectiveness of our military should there be a funding crunch, with how much is spent maintaining overpriced, underperforming equipment. On the primacy of the dollar: we walk by faith, not by sight.

redis_mlc 7y ago
I normally don't reply to trolls, but ... > Much of the US is dependent on welfare paid for by a few industrial/financial centers. That's internal. > As a whole, we are also known of late for currency manipulation and political issues. Yet we're the de facto global currency. > Ask anyone about the effectiveness of our military Works great. If you want to learn more, just enter your map coordinates. > how much is spent maintaining overpriced, underperforming equipment. US doctrine is that money is no object. Ask UK about the alternative. > On the primacy of the dollar: we walk by faith, not by sight. Plus a real military, funded by a real economy.
- bsanr2 7y ago
  Contradiction != trolling. If you deign to respond please do it respectfully. >That's internal. The circumstances of EU members with respect to the EU is substantially similar to the circumstances of states to the US federal government. >Yet we're the de facto global currency. This is begging the question. >Works great. Hm. >US doctrine is that money is no object. Ask UK about the alternative. I'd rather ask the Axis powers about the topic in question. >Plus a real military, funded by a real economy. Again, hm. I think you're proving my point. Real things can weather a period of stoppage. Castles built on data and debt disappear when the lights go out. Again, ask someone in-the-know what happens if funding or supply lines dry up, even temporarily.