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The world uses the dollar because the imperial system behind it was benevolent for trade and not intended on conquest of territory. that reasoning is not going
by Log_out_ 3y ago
The world uses the dollar because the imperial system behind it was benevolent for trade and not intended on conquest of territory.
that reasoning is not going away with petrol, if any thing it got stronger with everyone being able to see what China and Russia are truly after.
They just can't have anything stand up and over the capital in these old horrible empires. Meanwhile in the west SK and Japanese culture partially eclipsed the US.. And the world doesn't end.
- chiefalchemist 3y agoRead Lyn Alden's "Broken Money" you'll get a very different perspective. There's not much benevolence in the current petrodollar system. It effectively enslaves smaller economies to decisions of The Fed; then add in the World Bank and the IMF and the economic death grip tightens. Petrodollars are a heavy thumb on the scale. Alter the strength of that system and the world order changes. That is, sovereign states become sovereign. Smaller economies are victimized far less often. Etc. https://www.lynalden.com/broken-money/ https://www.lynalden.com/broken-money/
- Log_out_ 3y agoAh the multipolar dream: the Philippines, Japan, Taiwan, the baltics, Armenia, the kurds, they all try to wake up from that nightmare. Turns out gradual improvement in enslavement is preferable to actual enslavement..