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What's the total energy cost, including human capital, of keeping the petrodollar afloat via global wars/hegemony?
by Consultant32452 6y ago
What's the total energy cost, including human capital, of keeping the petrodollar afloat via global wars/hegemony?
- onlyrealcuzzo 6y agoEven if it is greater than 0.6% (it's plausible) - dollar denominated wealth accounts for 25% or global wealth. Which is 52.5x the amount of wealth as all of crypto. The US doesn't even use 20% of the world's energy. So you would need to think that 125% of the energy the US produces and consumes goes directly into fighting wars and "supporting the petro dollar" - which is absurd. Almost 50% of energy is spent on transportation and utilities alone... In the most generous of worlds, Bitcoin is 10x less efficient than the current systems. It is probably closer to 1000x less efficient (or more).
- Consultant32452 6y agoWell the US has killed over a million people in Iraq, Afghanistan, and Syria in the current wars. How are you calculating the cost of that million lives to prop up the dollar? This is one of the biggest selling points of crypto, it’s not tied to a government that may decide to commit mass murder for its sake.