So I'm no finance/money guy but it seems pretty obvious that people aren't going to want to tie themselves to something that can be taken away/used as a weapon like the US dollar is. Even if you aren't (currently) in amerikkka's cross hairs you can see how they treat their enemies and former allies, and how easy it is for former buddies of amerikkka to be next on the chopping block.
I'm not saying crypto is a good thing, but its existence makes sense in light of the weaponization of the USD. US regulators' attempts to justify crushing it lends some credence to this interpretation of crypto's adoption imo. Perhaps they see blood in the water, and they know it's their own.
As always, I can't tell if our masters are self consciously full of shit or just really stupid.
Personally I like to assume it's a combination: anyone whose name you recognize is a political appointee and a fucking idiot but a lot of the randos behind the scenes in the different agencies know what they're doing.
Economics is a force of nature
Adaptation is a force of nature- "Force of Nature was a good episode." "Force of Nature was standard season 7 lazy writing."
Oops! 😅
I remember watching a Richard Wolff vid about how he went to all the same classes with Yellen and managed to come to the opposite (but correct) conclusions. How fucking thick is Janet Yellen? Or is she just depraved?
The key thing to keep in mind is that her job is primarily to sell the system, not to understand it.
Yellen? More like Yappin.
