Re:World Bank rejects El Salvador request for Bitcoin help
by dmitriid on Thursday June 17, 2021 @02:37AM
(#27536761)
> ones that cost nothing
Second largest economy in the world
Second-fourth largest industrial country in the world
...
costs nothing
Re:World Bank rejects El Salvador request for Bitcoin help
by akiselev on Thursday June 17, 2021 @03:01AM
(#27536880)
More military spending than the rest of the world's superpowers and their vassal states combined...
Costs nothing!
Re:World Bank rejects El Salvador request for Bitcoin help
by dmitriid on Thursday June 17, 2021 @04:58AM
(#27537514)
1.5 trillion in trade with EU, China and Japan alone.
But yeah, sure. The dollar is a worthless piece of paper that has nothing behind it except the military.
Re:World Bank rejects El Salvador request for Bitcoin help
by anticodon on Friday June 18, 2021 @02:56AM
(#27548006)
USA has a huge and constantly increasing trade deficit, meaning that it buy more goods and resources than it produces itself. It's an unequal trade that greatly benefits US and makes all the other world poorer with each batch of printed money.
Industry output percent in the USA GDP is small and becoming smaller with every year, while US consumes about order of magnitude more energy per capita than even EU countries.
This is why US needs most expensive army in the world and the need to rig elections, organize coups and revolutions in almost every other country.
It would be a disaster for US, because US enjoys benefits of printing as much money as it needs to purchase anything from abroad exchanging zeros and ones that cost nothing for real natural resources and goods from other countries.
Just about any country leader that announced plans to stop using USD for trade, was killed in some way.
Or, if USA isn't brave enough to openly attack the country, they declare it "hostile" and try to suffocate using sanctions (e.g. Iran).