reply on: Inflation: are we following the path of the 70s? \ stacker news ~econ

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0 sats \ 7 replies \ @TomK OP 3 Sep \ parent \ on: Inflation: are we following the path of the 70s? econ

correct. but from my life experience, for example, I can tell you that I have never heard anyone here in Europe doubt the stability of the euro, a currency that is not clearly going down the drain. here, for example, there is no significant Bitcoin adaptation at all

47 sats \ 6 replies \ @Solomonsatoshi 3 Sep

Europeans can kid themselves about their Euro but in reality is Europe not both monetarily and militarily a subservient tribute state to the US?

46 sats \ 5 replies \ @TomK OP 3 Sep

To UK/US

47 sats \ 4 replies \ @Solomonsatoshi 3 Sep

Yes. But now the mercantile power that Britain and US once held is held by China and its modern day silk road, Belt and Road is the new trade infrastructure empire Europe may end up reliant upon. The US/UK still control the legacy fiat banking institutional hegemony, but without trade dominance that is increasingly fragile. As for the US/UKs legacy military dominance - that is increasingly frayed as Chinas proxies Iran and Russia attack Ukraine and Israel.

46 sats \ 3 replies \ @TomK OP 3 Sep

We need a territory on 'geopolitics' here on SN

47 sats \ 2 replies \ @Solomonsatoshi 3 Sep

The alignment of monetary and military power structures is significant.

21 sats \ 1 reply \ @TomK OP 3 Sep

You're right. It's the center part to understand what's going on, even btc.

And imagine the fights we would have here

0 sats \ 0 replies \ @Solomonsatoshi 3 Sep

Robust contest of ideas is nothing to be afraid of but rather something we can still celebrate! The potential for Bitcoin to enable less war and more prosperity is worthy of consideration even if it may seem a long shot. There is need for some radical innovation to bridge the tensions now building globally.