Doge warning

[james357]

uhhh a do what? Our money is backed by faith and faith alone.

Uh do what.,????
The US economy depends on the global economy (as do most major economies). Global trade and shipping are protected by the strength of the militaries of the US and its allies, but mainly by the US. Thus, the US dollar is backed by the US military. If you dont understand that you dont history.

 

[blazedawg87]

Uh do what.,????
The US economy depends on the global economy (as do most major economies). Global trade and shipping are protected by the strength of the militaries of the US and its allies, but mainly by the US. Thus, the US dollar is backed by the US military. If you dont understand that you dont history.

So your implying all you need to have a powerful currency is a strong military? Basically you're saying you can strong arm your way into a having a good economy. Thats not how currency and inflation work. The US has always had one of the strongest militaries in the world, yet we have had 3 major financial crisis in the past 100 years. Are you saying we are now on a "arms standard" in refence to the old gold standard? You cant back a dollar with a threat of military action, that is nothing but piracy.

 

[james357]

Federal Reserve has no Reserves.
A strong milatary keeps trade flowing and
it also means that we can ensure that oil trade is denominated in USD, which also directly keeps the value of the dollar high.
25% of ALL USD WAS CREATED SINCE 2020.
Also, we had 75% of all the worlds gold and Nixion took us off the gold standard when France tried to convert paper money into gold.
So I am correct saying our money is back by our strong milatary.
If you dont believe a strong milatary backs a countries money watch China in the next 10 to 15 years.


- it means that we can create a special relationship with Saudi Arabia which allows some degree of control over global oil markets

- it means that we can e.g. devistate countries ideal for Iranian exports in order to prevent the development of competitive markets

 

[blazedawg87]

Federal Reserve has no Reserves.
A strong milatary keeps trade flowing and
it also means that we can ensure that oil trade is denominated in USD, which also directly keeps the value of the dollar high.
25% of ALL USD WAS CREATED SINCE 2020.
Also, we had 75% of all the worlds gold and Nixion took us off the gold standard when France tried to convert paper money into gold.
So I am correct saying our money is back by our strong milatary.
If you dont believe a strong milatary backs a countries money watch China in the next 10 to 15 years.


- it means that we can create a special relationship with Saudi Arabia which allows some degree of control over global oil markets

- it means that we can e.g. devistate countries ideal for Iranian exports in order to prevent the development of competitive markets

- The only thing you have said is we are using out military to strong arm other countries into trading with us essentially making us pirates.
- We were removed from the gold standard because we no longer had enough gold to physically back the fiat currency in circulation.
- Fiat currency has NO monetary value, its only value is in the faith the we put into it. It has zero practicality in the real world and is nothing but a symbol.
- A military isnt what makes a currency valuable, a resource is. China is producing and providing goods all across the world which results in profit. Their military isnt doing anything to make the world trade with them.
- The reason the oil industry uses USD is because we are the #1 user and buyer of oil in the world.

 

[james357]

If we didn't provide protection in the sea pirates would take tankers.
Also, our milatary power does influence the dollar. It's there if needed.
But there are a few people that control our economy.
As history shows you can make a product or take it. But you have to prove protection. The strong milatary has a roll in a countries money value.