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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 enti
by _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.