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US Dollar Everywhere

⊰ 2022-08-14 by ShaunO ⊱

Yep, what's nuts is it's a zero sum game. Ultimately as Adam Tooze points out, it's always "I win, you lose"..

And the fact that most people have their head in the sand about how globalised everything is (down to the interest rate on your account down at the 'corner bank') isn't too surprising. People adapt slowly, maybe taking a couple of generations to internalise fundamental change (e.g. the industrial revolution). The globalisation change didn't really get going till the 80's and has obviously accelerated over the past couple of decades.

The young'uns are obviously growing up with this as their reality, the rest of us are on 'catch up'..

The World Is Seeing How the Dollar Really Works

[Original]


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