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You don’t see a connection between military power and stability? You really don’t see how a single country guaranteeing freedom of navigation worldwide for the
by transcriptase 1y ago
You don’t see a connection between military power and stability?
You really don’t see how a single country guaranteeing freedom of navigation worldwide for the 80% of global trade that happens by sea might have something to do with other countries having a vested interest in the stability of that currency? Or how that same Navy being the one that sits where the resources that drive the global economy flow like the Persian Gulf might mean it’s not comparable to… the nations that can’t do that (see: any)
- scoofy 1y agoNo, I don’t. Gold doesn’t have an army, and it was the currency of the world for centuries.
- transcriptase 1y agoUntil the nation holding the most gold and the biggest stick decided it wasn’t. Care to guess who that was, and what it was replaced with?
- scoofy 1y agoYou’re the one arguing it must be this way. I’m just saying there are functional alternatives. When you have a powerful trading partner, by all means, use their currency. When they start threatening debasement or default, there are alternatives.