(September 5, 2021 at 1:49 pm)Spongebob Wrote: I couldn't agree more.
However, I will add that the reason the US dollar is the world's default currency is because it has been the strongest, most reliable currency and most reliable investment since WW2. It wasn't forced down your throat.
The "commodity" is what gives currency "actual power". Cryptocurrencies's "commodity" is "electricity harvested through the process of mining".
A lot of people are sick of the commodity backing the Dollar because it is based on American intervention in other countries and America's war economy.
The Dollar is only strong because America is strong. Once America is weak, the Dollar is useless.
Right now, you have "Russia-China" rivaling America. After the American defeat in Afghanistan it is obvious that this empire's currency is a thing of the past.
