Replying to Avatar ShiShi21m

There is no global financial system unless youre using bitcoin.

The fiat paradigm only services a portion of the world, with most of the world cut-off in fragments.

In terms of reserve currency use, thats just the good ole western method of resource domination.
Avatar
Brix Jørgensen 2y ago

I agree. The fiat system is exploitative in nature. It is structured to ensure the flow of real resources from fiat-poor, but resource-rich countries to the Cantillon countries; the ones who print the “reserve currencies” at will, and use them to their maximum advantage.

Reply to this note

Please Login to reply.

Discussion

Avatar
ShiShi21m 2y ago

Yeah, its just most people are describing the western monetary system - not *the* global one.

I believe its a nice semantics move for us.

"Western monetary system"

Has a nice oppressive tinge to it.