Re:The Global Dollar Short Squeeze
by rumanator on Friday April 10, 2020 @05:03AM
(#22831232)
> Dollars are similarly useless in Saudi Arabia.
This is simply outright wrong.
According to Wikipedia, the last arms deal that Saudi Arabia struck with the US was, that alone, around $350 billion.
That's more than most of the nation's GDPs.
Trying to put a Ponzi scheme such as Bitcoin on par with the US dollar is either an entirely clueless assertion or a disingenuous claim made in line with all the other pump-and-dump schemes that plague the so called crypto currencies.
This is simply outright wrong.
According to Wikipedia, the last arms deal that Saudi Arabia struck with the US was, that alone, around $350 billion.
That's more than most of the nation's GDPs.
Trying to put a Ponzi scheme such as Bitcoin on par with the US dollar is either an entirely clueless assertion or a disingenuous claim made in line with all the other pump-and-dump schemes that plague the so called crypto currencies.