this post was submitted on 15 May 2024
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GenZedong
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They're really trying to expand this war.
So with all the aid money the US gives to countries it's backing in wars, I have to ask:
Aren't they worried that too much of their money is in the hands of too many people? Like with all the billions that they keep giving to the likes of Ukraine, Taiwan, Israel, etc. Doesn't the dollar inflate and become less valuable in the world? They're just printing dollars atp, if I were a Ukrainian politician with a few hundred million in US $ I'd start using that to win favors in other countries that need US dollars to pay their debts.
Start my own lending service with all the money I have.
The inflation caused by having more dollars around is spread all over the world, it's not like local currencies where printing more causes inflation only on the country in question.
What lorty says is true, and is infact the key reason why the American elite is so scared of dedollarisation. Dollar hegemony is the linchpin of the American empire.
As long as the dollar is the reserve currency of the world, and as long as oil is sold in dollars, they never have to worry about inflation. That is why the US is so furiously stepping on anybody who tries to change those two facts.
Mostly it's money going to the MIC and weapons, etc. going to their vassals
So, its like, "I'm going to give you $10 so you can give my kid $8 to mow your lawn."