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9> It unites the population and makes them more motivated to fight.
I feel like Israelis don't understand geopolitics as well as they think they do.
Israelis bomb Iranian children -> End up with united Iran. Worse off than they started.
I would argue that this is bad strategy.
The US has gotten comfortable with bad strategy and going from one lost war to another because they're so rich that none of this really harms them. But this is also how all empires fall, they get used to performative war-fighting because there's no consequences for losing, and then they end up in a war which has GREAT consequence, and they don't know how to win.
That works until it doesn't. When the world stops accepting USD then printing more cash just causes more inflation, and America is no better off printing dollars than Brazil is printing Reel.
But this exact conflict with Iran and the strait of Hormuz is a major problem for the petrodollar.
BRICS is going nowhere, it's unlikely that there will ever be another world reserve currency after the USD because 20th century was only possible due to centralized mass media, which is now dead.
But USD can still collapse even without it, and each country will just have their own mixture of reserves from different central banks + some gold.
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20They're also currently working on getting rid of Microsoft Windows from government computers.
Which means that Microsoft is too entrenched, so entrenched it hurts. Germany tried it, failed. Microsoft not only survived the Chinese pirating its OS - it made them into a Supervillain. Getting rid of Microsoft is much easier said than done.
2. Germany fails at everything, they're really not very impressive
Everything Germany does is the Brandenburg airport, over and over and over again.
By contrast, the French are FAR better at large scale infrastructure projects than they are.
Genetically engineered super-mosquitos, WTF.
Someone should shoot down his jet.
I wonder if a hyper inflation reserve currency actually can be replaced with gold without all other currencys failing at the same time
USD highly unlikely to actually *hyper* inflate. Because all historical hyperinflation is caused by sovereign debt owed in a different currency than what they print, interest rates go up and they print money to try to pay. Printing money under duress is where hyperinflation comes from.
Most likely, US will partially devalue the dollar and other countries will follow along because printing money is fun. For US it's relief, for other countries it's stimulus.
Actual gold standard is unlikely (sadly), more likely every central bank will just stop holding significant US debt and world will continue on as it always has.
They dont even allow me to work in tech so what possible trade of labor hours for a million dollar house can I make?
Petro dollar is a crude approximation of the real theory; enforcing a population to use the currency thru taxes and secpicle; more important then picking one side in the muslim cold war is that america *was once* one of the few high trust society with allot of factories, with a very high tax complacence rate and "investment plan"(you will funnel your money into some building in newyork for a 1% discount on taxes for 30 years of delay); that used these factories to make arms deals.
Labor, retirement plan, structured payments for housing; -complacence are all collapsing. It seems to me the stock market is a "foreign" "currency" that is owed quite a bit of quite overpriced doctor labor.
So long as the boomers pick the stock market and housing market over the young once again; it will be infinity dollars chasing finite houses and stocks.
Picrel explains why the gold standard sewed the seeds of its own demise, pretty decent read.
Most "economics" is basically quackery meant to justify whatever the people in power already want.