4 ms·
But look at per capita per purchasing power
by ttoinou 2y ago
But look at per capita per purchasing power
- lotsofpulp 2y agoPower of the purchasing power was a luxury of the US being the most desirable source of stability, creating a high demand for US securities and money. If trust in the US goes down, then so does purchasing power.
- slt2021 2y agothere will always be states-hostages to the US Navy and US Air Force that will be forced to purchase USD, for example Gulf States that basically pay ransom in term of keeping the petrodollar and investing in USD. The moment oil producing gulf states decide to stop buying USD bonds, they will receive "democracy". The whole intent to fight Iran is not only to protect Israel, but also to choke off China's major oil supplier. If Iran folds into US control, it will be easier to choke China in terms of energy supplies
- DrillShopper 2y agoPer capita purchasing power will decrease rapidly in the US if USD stops being the world's preferred reserve currency. China's per capita purchasing power will increase rapidly if RMB becomes the world's preferred reserve currency. Trump seems to be doing everything to speed up the former and as a result is also speeding up the latter.
- deleted 2y ago[deleted]