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There's a problem here. World depending so much on one country. It's a single point of failure.
by sidcool 1y ago
There's a problem here. World depending so much on one country. It's a single point of failure.
- ares623 1y agoUp until recently it was a good trade-off.
- toomuchtodo 1y agoThe US sold trust, and it burned it all up for someone's ego. Unfortunate.
- testrun 1y agoThis is the crux of the problem. The value of US treasuries and the USD is based on the trust of the world in the US. Now, who knows what will happen to the USD. Will have to wait and see.
- freefrog334433 1y agoFreezing Russian assets was the beginning. Sanctions against Russia backfired, cutting them off from SWIFT encouraged alternatives as did Lloyd's of London refusing to insure Russian ships. All it did was make the non-NATO world develop alternatives.
- deleted 1y ago[deleted]
- protocolture 1y agoThe US has more foreign dependencies, than it has countries depending on it, on every level except military. And even then, a lot of its military dependants are just kidding themselves that the seps will come to their aid if required. Its ephemeral.
- herbst 1y agoBut does it really or is it just something Americans learned to think? Everything is still well here in Switzerland.