| 69Cat - 10/10/2025 09:43
To Morningdews original reply on a universal currency. We actually had that not too long ago. A country could do whatever it wanted to its currency, and when another country called BS, that other country would expect trade settlement using gold as medium of exchange as that was a universal asset. Central banks gold reserves are more than a desire for pet rocks.
The gold standard is replaced with military strength. The world gets in line based on this alone. 11 carrier strike groups leave no doubt at the present. The machine is big, mean, and expensive. There is no going back. No-one will ever entertain the idea. The economy must grow, lest someone else challenge this strength. I don't like it, but I understand it.
Edit Add: And I do not mean fake inflationary only growth. I mean actual innovative growth. We have technology unthinkable 50, 100 years ago. W's points above are accurate.
Edited by reformedbanker 10/10/2025 09:57
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China expands restrictions on rare earths and chips..
