The current global financial system with 160 different fiat currencies, each with a local monopoly over its jurisdiction, and each of which being tied to the highly salable U.S. fiat currency through dollar-denominated debts and dollar- denominated reserve holdings, tends to benefit those at the top of the socioeconomic ladder at the expense of those at the bottom. It helps keep people in developing countries in a state of constant development, dependency, and ever-rising debt, while structuring their economies around serving the wealthy developed countries rather than optimizing for self- sufficiency and well-roundedness. Currencies are regularly devalued (either due to mismanagement by their leaders or at the behest of the IMF) which keeps workers' wages and savings low in terms of global purchasing power. This process enriches corrupt developing country rulers who get to control their country's ledgers and siphon off value for themselves by devaluing the savings of the people. It enriches developed market corporations who get paid to do the work, and leaves the bill at the public level with the impoverished people of those nations who had little say in the process. It then helps keep those corrupt rulers in power by giving them bailouts and restructurings-up to a dozen times or more to repeatedly push the problems into the future whenever they have a crisis in the present. Those crises are often caused by them having too much dollar-denominated debt in the first place, and the typical solution is to help them take on even more dollar-denominated debt and remain on that endless treadmill.

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