But we also have big guns and military might backing our currency. Plus, the dollar is a petrocurrency, and it has a high level of intrinsic value that wont diminish overnight. This is good if you're in America, but sucks if you do the same work Americans do but live in Zimbabwe.
RE: The USD is like a fence that keeps debt-slaves inside a labor camp: It "must" not collapse
You are viewing a single comment's thread from:
The USD is like a fence that keeps debt-slaves inside a labor camp: It "must" not collapse
I wouldn't go as far as saying petrocurrency status gives the dollar intrinsic value, but it does make it desirable to have for international trades.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit