urubullish on Nostr: If the world adopts Bitcoin, the USA might still be able to export even after a ...
If the world adopts Bitcoin, the USA might still be able to export even after a prolonged crisis. It sounds strange, but Bitcoin could save the USA and global trade, helping to curb inflation. BlackRock understands this.
They sell it as a tool to protect third-world countries with compromised democracies. No... not at all! The USA is in the same boat!
“A dominant post-war dollar tied to gold gave the United States reasons to rejoice, but it imposed a competitive disadvantage on national companies operating abroad. Companies based in countries with weaker currencies and high productivity growth, namely Germany and Japan, could sell their products competitively for less money, an advantage that China would later exploit.”
They sell it as a tool to protect third-world countries with compromised democracies. No... not at all! The USA is in the same boat!
“A dominant post-war dollar tied to gold gave the United States reasons to rejoice, but it imposed a competitive disadvantage on national companies operating abroad. Companies based in countries with weaker currencies and high productivity growth, namely Germany and Japan, could sell their products competitively for less money, an advantage that China would later exploit.”