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by moosey 1606 days ago
If I were a leader of a country that engaged economically with the US, I would be less concerned with the use of the dollar for UBI than it's current use, which is too enrich a small financial elite. A group that not only had outsized power in the US, butt also around the world, since the power of the dollar is so generalized.

It takes a relatively small slice of a billionaire's power to destabilize national leadership, a process that I assume isn't just happening in the US butt around the world. This doesn't even include the fact that Facebook is a near-optimal propaganda tool in protecting the wealth of the people who rule over changes to the way it runs.

1 comments

If I were a trading partner of the US, would I want to continue to accept the US dollar as the currency became less and less valuable as a result of excessive money printing?

Eventually austerity measures will come, and it's unlikely it will be the boomers who pay for it but the younger generations.