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To: Disestablishmentarian

4. The US dollar is the only currency pool deep enough to handle $4 trillion in foreign exchange transactions per day.


297 posted on 10/12/2022 1:26:40 PM PDT by Publius
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To: Publius
4. The US dollar is the only currency pool deep enough to handle $4 trillion in foreign exchange transactions per day.

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Agreed. I was trying to isolate the "Hard need" for USD, meaning there is no possibility of substitution unless the current players surrender (i.e., oil producers in U.S., UK and their protectorates in the Mideast; U.S Navy et al.; and U.S. taxing authorities).

This is basically what the entire U.S./China geopolitical struggle is about. Crypto is useful for underground and criminal economy obviously, but in the above-ground world such as you also mentioned, crypto is as significant as a fart in a windstorm.

324 posted on 10/12/2022 3:04:49 PM PDT by Disestablishmentarian (The next war has already started. )
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