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submitted 2 months ago by ooli2@lemm.ee to c/worldnews@lemmy.ml
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[-] mortemtyrannis@lemmy.ml 9 points 2 months ago

Nothing backs US currency?

I’d argue the US military backs the US dollar.

[-] technocrit@lemmy.dbzer0.com 3 points 2 months ago

Violence based currencies are not sustainable in the long term. That's why the petrol-dollar has been steadily decreasing in global reserves. It's why the IMF has to outlaw bitcoin instead of competing with it.

this post was submitted on 04 Feb 2025
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