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I think you would be shocked to know how that compares to the emissions of the US military which some argue forms the security backing the US dollar. [1] “Ther
by lowkey 2y ago
I think you would be shocked to know how that compares to the emissions of the US military which some argue forms the security backing the US dollar. [1]
“There are no solutions, only trade offs - Thomas Sowell”
[1] https://archive.is/DVWZs https://archive.is/DVWZs
- UncleOxidant 2y agoSure, the US$ is backed by a large military-industrial complex (as well as the power to tax and the productivity of the people and companies of the US), but if we switched from the US$ to BTC as the national currency we'd still need a US military - it's not like the only utility a military has is to keep the currency afloat.
- lowkey 2y agoCan’t imagine we would still need 1000 bases in 80 countries around the world if we didn’t have to protect the petrodollar and reserve status. The same goes for gold. If only used for jewelry and industrial applications we wouldn’t need to strip mine so much of it.
- ramchip 2y agoCould it be that they protect more than just the value of the US dollar?