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by jeetoid
458 days ago
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Let me just elaborate that a country like the US that artificially floats it's own currency as the global base currency will of course piss away its wealth and through bypassing the natural corrective mechanism [0] will have no way to reverse course. [0]: lost wealth (typically gold reserves) -> a weaker currency -> global economic incentive to begin exporting valuable goods and begin steadily recouping the lost wealth |
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