No no, it IS a real currency. It's backed by something (gas, oil, resource).
It's that the dollar and petrodollar as a global currency isn't any more.
They've separated the dollar away from gold and silver and they've shot themselves repeatedly over oil pipelines to justify going to war.
The UK fucked up their economy back in the 70s shutting down most industrial plants for service based industry and London centrism.
Germany and the EU did the same, switching to service based distribution.
Service based currencies like the euro and pound are held up by sheer fucking will of those who use the currency and laws that make it illegal to NOT use the currency.
For example in the UK trading labor, for food, counts as a taxable income, even if money isn't involved.
Russia is sensible in that they kept it based on a tangible resource and allow the citizenry a little leeway. By not forcing the citizenry to use the ruble for EVERYTHING they don't have to control it's inflation etc so tightly.
Because they are told to. Imagine having the world's largest economy and being told that the economy is now a "service sector economy" to explain why all the manufacturing jobs in the world's largest economy are gone.
The people in charge know it's bullshit. That's not the point.
The American economy isn't being reorganized for people to serve each other coffee. It's being reorganized so you serve the elite coffee.
At the same time, I think there is something to be said that the elite continue to make the same mistake they always have on almost every topic: They assume they are the only one who gets to make a move.
Because at the same time that they have been locking everything down and being despotic to try and force their own agenda, the US is actually undergoing pretty significant reshoring and reindustrialization. Mostly because while the ultra-massive multinationals (think Walmart, Apple, etc) try to stay in China, most of the smaller multinationals are coming back because they are fed up with shipping cost, and new industries area also starting up. A lot of it stuff that is actually important to modern society (rare-earth metals, semiconductors, etc).
And this is beyond anything with the Feds or the Elite. Its being done by local governments and other businessmen. Texas is poaching industry from other US states (especially California), Arizona is using its wide open spaces for drawing in factories that must be large scale by their nature, Alabama is building a shipyard in Mobile to compete with Newport News, and S. Carolina has actually been bringing in a ton of foreign investment for factories. And so far, all of these states have been more than willing to tell the Feds to get fucked if they complain.
So unless the Elite have a better plan, the US just might resist their attempts to kill it, yet again.
No no, it IS a real currency. It's backed by something (gas, oil, resource).
It's that the dollar and petrodollar as a global currency isn't any more.
They've separated the dollar away from gold and silver and they've shot themselves repeatedly over oil pipelines to justify going to war.
The UK fucked up their economy back in the 70s shutting down most industrial plants for service based industry and London centrism.
Germany and the EU did the same, switching to service based distribution.
Service based currencies like the euro and pound are held up by sheer fucking will of those who use the currency and laws that make it illegal to NOT use the currency.
For example in the UK trading labor, for food, counts as a taxable income, even if money isn't involved.
Russia is sensible in that they kept it based on a tangible resource and allow the citizenry a little leeway. By not forcing the citizenry to use the ruble for EVERYTHING they don't have to control it's inflation etc so tightly.
I've never understood how the west thinks it can have a society of people serving each other coffee.
Because they are told to. Imagine having the world's largest economy and being told that the economy is now a "service sector economy" to explain why all the manufacturing jobs in the world's largest economy are gone.
The people in charge know it's bullshit. That's not the point.
The American economy isn't being reorganized for people to serve each other coffee. It's being reorganized so you serve the elite coffee.
At the same time, I think there is something to be said that the elite continue to make the same mistake they always have on almost every topic: They assume they are the only one who gets to make a move.
Because at the same time that they have been locking everything down and being despotic to try and force their own agenda, the US is actually undergoing pretty significant reshoring and reindustrialization. Mostly because while the ultra-massive multinationals (think Walmart, Apple, etc) try to stay in China, most of the smaller multinationals are coming back because they are fed up with shipping cost, and new industries area also starting up. A lot of it stuff that is actually important to modern society (rare-earth metals, semiconductors, etc).
And this is beyond anything with the Feds or the Elite. Its being done by local governments and other businessmen. Texas is poaching industry from other US states (especially California), Arizona is using its wide open spaces for drawing in factories that must be large scale by their nature, Alabama is building a shipyard in Mobile to compete with Newport News, and S. Carolina has actually been bringing in a ton of foreign investment for factories. And so far, all of these states have been more than willing to tell the Feds to get fucked if they complain.
So unless the Elite have a better plan, the US just might resist their attempts to kill it, yet again.