How much do you think it costs to make a pair of Nike shoes in Asia?

Re:How much do you think it costs to make a pair of Nike sho... by lotsofpulp on Wednesday April 09, 2025 @01:37PM (#43634910)

Power of the purchasing power was a luxury of the US being the most desirable source of stability, creating a high demand for US securities and money. If trust in the US goes down, then so does purchasing power.

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Re:How much do you think it costs to make a pair of Nike sho... by slt2021 on Wednesday April 09, 2025 @05:28PM (#43638210)

there will always be states-hostages to the US Navy and US Air Force that will be forced to purchase USD, for example Gulf States that basically pay ransom in term of keeping the petrodollar and investing in USD.

The moment oil producing gulf states decide to stop buying USD bonds, they will receive "democracy".

The whole intent to fight Iran is not only to protect Israel, but also to choke off China's major oil supplier. If Iran folds into US control, it will be easier to choke China in terms of energy supplies

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