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.
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.
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.
