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100 sats \ 0 replies \ @crrdlx 9 Jul 2023 \ on: BRICS Gold-Backed Common Currency To Be Introduced In August bitcoin
So, my chipmunk-brain understanding of this is:
- Even communist countries who follow horrible economic policies understand scarcity such that you cannot print or legislate money indiscriminately forever.
- Those countries will then use the USA's indiscriminate printing/legislating of money as an economic weapon against the US dollar and American hegemony.
I don't like it, but it's rational.