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Joined 1 year ago
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Cake day: June 3rd, 2023

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  • Thank you for writing that so I don’t have to.

    The end of the petrodollar is complicated. On the one hand it reenforced American hegemony and propped up US financial institutions and instruments. On the otherhand it was quite unfair and sometimes unpopular even among US allies.

    The end of it means US finance will have to work harder to stay competitive and the US has to trade currency on (slightly) more equal footing but it might lower international resentment.



  • The answer is people like to hate those they don’t understand. People hate based on skin color, body fat, sexual orientation, and all sorts of differences. Now it seems like hating those cursed with psychological disorders around sexual attraction and children is in vogue. In twenty years it will be a new group.