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by IlliOnato 1774 days ago
[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.

1 comments

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.