It's true that the USA has an enormous profit centre in the US$ pixelation process.
No taxation without representation say I and the tax on US$ holdings around the world via dilution is vast.
Also, the US$ is unstable, at the whim of the USA electorate who haven't earned the money and on the contrary are holding huge debts on which them might default, and run by a cabal of people whose interests are not aligned with those holding the $.
But there is a lot more than that to the USA too. Such as, for example, the ability to fire somebody on the spot. In much of the world, jobs are "owned" by the worker, which is absolutely weird and just another form of property confiscation, which is always popular in chimp-like communities.
The USA also gaols people by the million for all sorts of misdeeds which in other countries are popular and unpunished. That's good. There's no great welfare culture either - Bill Clinton helped wind that back. Socialism is relatively small, but there is plenty of fascist control where the state dictates the use of private property.
The value of the US$ pixelation process to the USA is about $500 billion a year [I forget how much exactly, but I calculated it a while ago and was surprised how much it really was worth to own the world's biggest money tree]. Maybe it was $1 trillion a year as I think the US$ total value was about $10 trillion.
$10 trillion for 280 million people = $35,000 per person, which is about right. So they can print themselves something like $3,000 per person which the rest of the world pays [well, that's not quite accurate as US holders of US$ also pay too]. Whatever way you look at it, the US$ is worth a LOT to Uncle Sam, Uncle Al KBE and the pork barrel electorate bludgers.
They won't take kindly to interlopers, but there won't be anything they can do about it.
Mqurice |
