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Eric Astier
World Affairs In Context
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Comments by "Eric Astier" (@ericastier1646) on "🔴 Global Economy: Currency Multipolarity, mBridge, Global Economics| Dr W. Powell" video.
The strength of the dollar was purely based on hegemonic reserve currency and printing paper money to give the USa infinite wealth which other countries have to redeem with real wealth and work thus being stolen by the USa. I have lived decades in Usa and i can judge its economy true value is no higher than any European country and far more lagging back in infrastructure, modernity. Usa's world power had nothing to do with the real economy it's a big ponzi scheme run by the federal bank and by focusing on military weapons. I would rate american living standards BELOW most European countries and thus the dollar should be lower in value than the Euro. But in fact it's not even worth that, it's worth ZERO because of the national debt.
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