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> The US military and the resulting stability if the US is keeping it up. Do share with the larger audience how the US military is funded when you run a defici

> The US military and the resulting stability if the US is keeping it up. Do share with the larger audience how the US military is funded when you run a deficit year after year? It is weird to conflate "military" with "currency strength". Prior to the US being the reserve currency it was the British pound, how's that working out these days? > for some reason defaults on its debt obligations, this tells me you are unaware of the topic you discuss. You can NEVER default on a debt issued in your own currency. You simply print more (The US calls it quantitative easing). You only default on debt which is NOT in your own currency. So Russia's default for example: "On 4 April 2022, Russia technically defaulted on its foreign debt by failing to pay its obligations in US dollars (and after the grace period it actually defaulted because it did not pay 30 days grace period interest of around 1.9 million USD)." Notice this was "obligations in US dollars"?? Argentina: "The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 '" "Sovereign bonds" - Again, notice this is US dollar debt?

_8j50 4y ago
What are you even talking about. How the US military is funded is not what is relevant but its perception as a force capable of preventing external hostile entities from harming the US and disrupting its government. If your money was in Ruble for example, the weakness of the russian army makes it a bad currency to use as a reseve among other things. You did not add any new information here, refusing to print money to pay your debts means you defaulted right? I did say for whatever reason right? If you are so knowledgable then perhaps you might also know that printing money is inflationary and at some point the government will have to decide between devaluing its currency so much chaos and civil unrest breaks out or you stop printing money to pay your debts. This is most unlikely with the US so it is a good reserve dollar. But other countries like lebanon and venezuela were forced to be in that position. I mean whether or not they actual refuse to print money is not even the issue, it is the perception that they might have to make that decision.

_8j50 4y ago

What are you even talking about. How the US military is funded is not what is relevant but its perception as a force capable of preventing external hostile entities from harming the US and disrupting its government. If your money was in Ruble for example, the weakness of the russian army makes it a bad currency to use as a reseve among other things. You did not add any new information here, refusing to print money to pay your debts means you defaulted right? I did say for whatever reason right? If you are so knowledgable then perhaps you might also know that printing money is inflationary and at some point the government will have to decide between devaluing its currency so much chaos and civil unrest breaks out or you stop printing money to pay your debts. This is most unlikely with the US so it is a good reserve dollar. But other countries like lebanon and venezuela were forced to be in that position. I mean whether or not they actual refuse to print money is not even the issue, it is the perception that they might have to make that decision.