|
|
|
|
|
|
by Log_out_
869 days ago
|
|
|
Common misconception but the US does not pay for its navy by itself. That is done by the world using a ever overprinted currency for reserve and trade. The US can print aka lend that money to set a navy to work. The world pays for its police. Some hicks in the rust belt contribute and receive very little benefits from a fee trade empires existence and are thus usually left to there own devices by both parties. |
|
|
Common misconception that the US controls the world dollar. The Eurodollar has been where the world's trade has been pegged for half a century, the US simply benefits from a massive economy and it being their native currency.
This is like saying the US controls the world through ubiquity of "English" as a business language. No, but they definitely benefit from it. You can choose to speak any other language, or use any other reserve currency that you like.