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RE: The USD is like a fence that keeps debt-slaves inside a labor camp: It "must" not collapse

in #dollar8 years ago

But we also have big guns and military might backing our currency. Plus, the dollar is a petrocurrency, and it has a high level of intrinsic value that wont diminish overnight. This is good if you're in America, but sucks if you do the same work Americans do but live in Zimbabwe.

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I wouldn't go as far as saying petrocurrency status gives the dollar intrinsic value, but it does make it desirable to have for international trades.

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