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> "frankly, the dollar ain’t so bad." It might be not bad. For you. Perhaps you are an American. Whenever your government prints more dollars, because the res
by nobrains 4y ago
> "frankly, the dollar ain’t so bad."
It might be not bad. For you.
Perhaps you are an American. Whenever your government prints more dollars, because the rest of the world holds dollar reserves, the value of those reserves go down. So everyone else in the world basically finances the US money printing.
So, if you are an American, the dollar is not bad. Its actually very, very good.
But for the rest of the world (96% of the world population), its pretty bad. It is used as means to transfer their wealth to US.
- nathanaldensr 4y agoI say this as an American: Thankfully, this is beginning to unwind.
- oceanghost 4y ago* and that transferred wealth is mostly spent on an enormous military budget such that most countries have to spend relatively little on defense.
- ASalazarMX 4y ago* and that transferred wealth is mostly spent on an enormous military budget FTFY. It's not done out of philanthropy.