This overstates their power a bit. The US dollar doesn't actually control the world, it's just been the dominant currency for a while
Discussion
Where did you see me say US dollars?
The bond market doesn't control the world in any way, denominated in any currency
Capital has limited influence, and most of the capital with influence is land, not derivatives
So your multinational corporation uses land prices, as the risk free rate of return when making capital allocation decisions?
I havenβt checked my notes, but I donβt think thatβs orthodox or GAAP.
Pretty sure 99% of corporate finance departments use their domestic base rate, which is directly determined by their sovX price.
I don't have a multinational corporation. I live on land
Your post was good, I'm just saying these men don't control everyone's individual lives. They've caused things to happen in everyone's lives, and they'll cause other things to happen, and you can cause things to happen to them too. They're mere mortal men with big well-connected ropes to pull on