Comments by "alex smith" (@alexsmith-ob3lu) on "More Perfect Union"
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@ Yes, you are very right about the Cold War and rapid expansion of American military with bases all over the globe.
Aside from gold, America was the one that launched the development of micro-electronic devices, transistors, microchips, satellites, computers etc. All that skilled labor in R&D, engineering and manufacturing also contributed immensely to our booming wealth post WW2.
The invention/creation of the transistor chip at Bell Labs (with help from Nikola Tesla scientific papers) also made America very rich. As every country now has to license American patents, and buy American made micro-electronic devices.
However, even all that had fallen short by the 1980s, as America could only train a fraction of the engineers so desperately needed by the micro-electronics industry.
These days, Bell Labs and many other R&D facilities are a shell of their former selves.
Forget about gold, we don’t even have the technical-creative expertise/skillsets anymore to back our currency.
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