What if US loses WRC status and noone wants their dollars, what then? Just collapse? Seems like a risky proposition to be a nation of just importing everything and just pressing a button on a money printer.
Not being totally dependent on foreign adversaries doesn’t seem like a bad precautionary step, even if it’s less efficient than a pure free market.
Monetary reset is happening irregardless of someone’a feelings about manufacturing and trade.
I suspect the current admin understands this.
Post monetary reset global trade boundary conditions necessarily change.
Well there's a lot of stuff going on there. Obviously on the aspect of "monetary reset", I mean, Bitcoin fixes this. Inflationary currencies can't survive, and with their demise will come the demise of the MegaState as we know it today.
But free trade is the solution, not the culprit. I, the Individual, have no "foreign adversaries." Only potential trading partners.
"Not being totally dependent on foreign adversaries doesn’t seem like a bad precautionary step, even if it’s less efficient than a pure free market."
There's a word for that, and it's economic central planning. And it's doomed to failure.
This is why states are voting to create their own strategic bitcoin and gold reserves. You do not accumulate this much debt and expect to ever be able to pay off the slave masters. Best to just give them the middle finger and start over fresh with actual sound money. While charging them for the crimes they have committed to make this possible in the first place.
