[cwkoss]

> eliminating the energy spent on maintaining the fiat system which is easily more than 1.5% of global emissions

Absolutely. It's impossible to accurately account for, but a significant part of why the US Military Industrial Complex is so over-provisioned is to maintain dollar hegemony. 800 international US military bases, the Iraq war, invasion of Libya, force projection exercises by the navy, etc. Being the world police is expensive (in both dollars and CO2), and we wouldn't need to be if we weren't trying to tenuously maintain our status as world reserve currency.

"the DOD is the world's largest institutional user of petroleum and correspondingly, the single largest institutional producer of greenhouse gases (GHG) in the world. 5 From FY1975 to FY2018, total DOD greenhouse gas emissions were more than 3,685 Million Metric Tons of CO2 equivalent."

https://watson.brown.edu/costsofwar/files/cow/imce/papers/Pe...

Certainly the US military has other goals besides maintaining dollar hegemony, but if the dollar wasn't the world reserve currency there would be less need and funds for maintaining such a bloated amount of power.

[IlliOnato]

[quote]if the dollar wasn't the world reserve currency there would be less need and funds for maintaining such a bloated amount of power[/quote]

Citation needed.

You really think that other countries, and businesses and individuals in these countries store their savings and denominate their contracts in US dollars at gunpoint?

Ridiculous.

[cwkoss]

You are being superlative, but I absolutely believe that the reason we have a bigger military than the next ~10 countries combined is that we want to be the dominant superpower. And part of the desire for that dominance is maintaining the USD as the world reserve currency.

Whenever a country tries to move commodity trades away from the dollar (iraq oil, iran oil, libya gold, venezuela oil) coincidentally pretexts for military operations against them start being manufactured.