Aurelius on Nostr: Decline of The Dollar: It’s well on its way, and I welcome it. I don’t want to ...
Decline of The Dollar:
It’s well on its way, and I welcome it. I don’t want to see the American economy implode any more than the next guy who’s willing to let his own house burn. But the dollar has enabled the banking industry to raid and pillage third world countries for years. We are an unproductive people, and our greatest exports are democracy and big guns, which enable us to trade proof-of-stake promises to third world populations that give us their real labor and their real commodities. To support a system that impoverishes billions is an unjust existence. Ten years ago, Alfred McCoy made a good argument to me that this would happen around 2035. BRICS is developing nicely. Bitcoin is developing nicely. Our government is chasing its tail and bullying it’s own allies.
It’s well on its way, and I welcome it. I don’t want to see the American economy implode any more than the next guy who’s willing to let his own house burn. But the dollar has enabled the banking industry to raid and pillage third world countries for years. We are an unproductive people, and our greatest exports are democracy and big guns, which enable us to trade proof-of-stake promises to third world populations that give us their real labor and their real commodities. To support a system that impoverishes billions is an unjust existence. Ten years ago, Alfred McCoy made a good argument to me that this would happen around 2035. BRICS is developing nicely. Bitcoin is developing nicely. Our government is chasing its tail and bullying it’s own allies.