this post was submitted on 01 Feb 2024
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Very true. Just like how FLOSS money (Bitcoin) provides sovereignty to nation states who don't want to be subject to the policies of the US. And sovereignty to individuals who don't want to see the value of their currency eaten away by supply inflation. The US dollar imposes a tax on every person and country who uses it via its built-in inflation rate, even though many of those users had no opportunity to vote on US government policy.
USD, and other currencies like those maintained by France etc is also used as a tool to control entire economies and nations. It's traditional imperialism and mercantilism just with a few extra steps. There is a fantastic overview of how this works here from the Human Rights Foundation https://youtu.be/7qRWurFaUD0?list=PLe0djdakvnFb0T-oZAeF49A-EZChise4n&t=14009
A few countries have chosen to embrace Bitcoin, the blowback from the world bank etc has been very telling. They do not like the idea of a country that doesn't want to get stuck in a cycle of debt, restructuring, and subservience to the dollar.
Here is an alternative Piped link(s):
https://piped.video/7qRWurFaUD0?list=PLe0djdakvnFb0T-oZAeF49A-EZChise4n&t=14009
Piped is a privacy-respecting open-source alternative frontend to YouTube.
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