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Dothemath2 t1_ix145fi wrote

D

It’s western block vs BRICS vying for influence over the developing world. Hypocrisy vs untrustworthiness. Why is labor priced differently depending on the country but commodities are set by international markets? Someone’s lower earnings power for the same work is advantageous to someone else.

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VanDuser1332 t1_ix1a8lp wrote

The way the world has divided over just the last 3 yrs is crazy . If they have a currency backed by true value/ metal I feel like they win , that simple

Our imaginary money printer becomes a huge detriment

Yeah BRIC vs the west is certainly lining up

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Dothemath2 t1_ix1izfa wrote

Currency backed by metal or some tangible thing could lead to wars to capture the thing, you know like oil.

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VanDuser1332 t1_ix1jb3e wrote

The BRICs already moved .. the currency exists China/Russia

Takes a minute to unleash obviously

Yeah idk man honestly the more I know the more I just hope everything pans out ok for us

It's not good

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Dothemath2 t1_ix1rq98 wrote

I think It’s going to be ok. Rome, Britain and France lost their empires when their currencies collapsed, but the US doesn’t have far flung holdings, maybe the military will be weaker, things will be more expensive and the US will dominate less but it could bring more balance to the world.

Americans will have smaller vacations, smaller homes, smaller appetites for hobbies, smaller cars, lower standard of living maybe but America can adapt and maintain a high standard of living by cutting out waste. Less selection at the grocery, less wasteful transportation choices, less wasteful energy practices, more efficient lifestyles.

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