Comments by "" (@thomasherrin6798) on "Zeihan on Geopolitics"
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@davidclemens1578 A point with regard to the barter system is that it relies on trust and there is trust in the FIAT system for countries that are trustworthy, it can punish countries who are not trustworthy. Adopting gold is obviously a non starter as gold will have to be located in other countries if you do trade with them, you don't run up a long line of credit, there isn't enough of it, the only other viable currency for economy size (If their figures for GDP can be verified!) is China, of which the Yuan (A separate currency to their domestic currency the renminbi for most probably nefarious uses like currency manipulation) which is losing ground on the dollar (whether by design or pressure by the fed is unclear) who in any dispute will win and have major debt problems (57 Trillion USD total debt 300% of GDP for on and off books ledgers, assuming GDP is correct!) You can see where I am going here if you can't trust the figures as they are unverifiable, why would you use them as your reserve currency, it would be a license for them to spend everyone's money from the Whole World not just their poor citizens, FIAT currency is not perfect, like democracy, but it is far better than the alternatives, that's why it works!?!
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