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Replying to Avatar Aurelius

I’m not hoping for the implosion of the dollar. But I’m definitely hoping that the people around the world can get out from under the thumb of a system that exports its inflation in exchange for commodities and labor. Is the dollar’s purchasing power propped up by the fact that the mass of it is stuck in treasury bonds abroad that cannot be repatriated in exchange for anything? For sure. Would empowering these other countries to subvert this system and obtain food and energy denominated in their native currencies help the people there? Absolutely. Would it hurt the dollar? Yea….but advocating for the destruction of native currencies in order that we prop up the dollar is to advocate for the debt servitude of billions

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Aurelius 2y ago

In the 1840’s I hope I would have been advocating for actions that would lead to the implosion of the southern economy too…not because I would want the financial fallout to affect the people within the region, but because it’s existence was maintained by a state of forced servitude of an entire population who’s natural rights played no part in the powerful players’ economic decision making

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