Interesting thoughts @chelsea88. I think all tools created by people should be used to the benefit of the people as they wish. I am far from an anarchist, rather a US citizen that is not happy with the status quo, and as a citizen here I should be among the happiest due to our dollar bill being the dictionary picture of "modern international status quo." The wheel was not invented to work differently for each class, that turned out to a solid capital-tech invention that helped all who were able to learn the technology. I am all for a free market transparency capitalist based economic philosophy, but the current system is so far from that a silly concept like cryptocurrency has filled that vacuum. Great article @kafkanarchy84!
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I hear you. I'm Also here in the "greatest" country on earth & freedom couldn't be father than free, am I right?
Very true. Nothing is ever free, and anything of value is always backed by something else of value.
Well not everything....
Ha ha maybe not on the surface. But it is backed by the full faith and credit of its armed forces might, and other forcible means the interest can employ to make things happen on their behalf. Also the full faith and credit of the American people's current and future economic pursuits, real estate held by the government (or protectorates). Ha, but yes I think you are at least half right.
Right now the dollar is still backed by oil, but not for long.
Oil? Whose oil?!!
In reply to the question about who's oil. Any country that is still selling Oil for dollars, those sales are supporting and backing up the dollar. I know you don't believe that Oil is no longer sold for dollars, do you?
OK, you're talking about petrodollars. I thought you were referring to actual oil production which, as I understand is actually much more available in Canada than it is in the States... As for the petrodollar, though, be interesting to see whether the Chinese and Russians manage to change that. Looks like they're making a pretty good attempt to...
True!