Gutting the state by taking away their ability to print money (a lot of it used to surveil) is a main benefit of money going back to a neutral form.
I love the idea of no fiat currency exchange rate arbitrage. So many people globally would be freed from the shackles of strong money enslaving improvised people beholden to weak money. Billions under weak currencies would be free to provide value and get compensated on a level playing field.
Dude you pretty damm fking intelligent for this dude, hard to follow 😎
My bad. The US dollar buys a lot of labor and commodities in countries with weak currencies. So wealthy US companies go to countries where their dollars buy a lot of labor and set up shop. They end up displacing a lot of local industries (usually polluting badly too) and employing tens of thousands of locals for penny’s on the dollar.
If that opportunity to use strong US dollars to buy labor / commodities in countries with weak currencies didn’t exist, all those local economies would be left alone and would function much more organically. Which would be better for all of the people who live there.
I’d love to see this outsourcing of labor to take advantage of strong currency end, but without regulation. Just the outcome of one global currency; #Bitcoin
Always community first i like that dude
