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Power balance (lemmy.ca)

submitted 2 days ago by RelativityRanger@lemmy.ca to c/politicalmemes@lemmy.ca

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[–] explodicle@sh.itjust.works 6 points 1 day ago (3 children)

[–] Doomsider@lemmy.world 2 points 16 hours ago

Replace reserve with money laundering.

[–] Dogiedog64@lemmy.world 8 points 1 day ago (2 children)

Bitcoin is not a real currency, and anyone suggesting it as a new standard should be mocked. It's too clunky, too slow, and too prone to fraud and theft. The only real uses for Bitcoin are gambling, fraud, and buying drugs.

[–] Abundance114@lemmy.world -4 points 1 day ago

2012 called and they want their Bitcoin hate slideshow points back.

[–] technocrit@lemmy.dbzer0.com -3 points 1 day ago

Keep telling yourself that while clutching ugly green paper covered in enslavers.

[–] Soulg@ani.social 6 points 1 day ago (2 children)

It seems very obvious to me it will either be the Euro or the Chinese Yuan(?)

[–] emergencyfood@sh.itjust.works 2 points 7 hours ago

Both have issues:-

Euro - for other countries to use the Euro, they need to have Euro stocks. For this, the EU needs to (1) run a deficit, and (2) manufacture something of value to the rest of the world. But the EU won't run a deficit, and its manufacturing sector is collapsing.
Yuan - China does not want rich foreigners speculating on their currency and causing financial crises, so they have limits on how much (digital) yuan foreigners can own. They do loan yuan to foreign governments, but those are usually given for specific projects like a dam or a railway line.

[–] technocrit@lemmy.dbzer0.com 0 points 1 day ago

Very forward looking. \s