"It is truly impossible for the petrodollar system to be green when it is based on black gold." - Alex Gladstein
Today we have another brilliant piece by Alex Galdstein, published on Bitcoin Magazine about the Petrodollar system, how it came about, why it has stuck around, & the horrible costs of maintaining it that so few are willing to acknowledge.
Check out the original at the link below plus so many other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/culture/the-hidden-costs-of-the-petrodollar
Don't forget to get your BitBox02 with discount code "GUY" for 5% off at guyswann.com/bitbox
You should already be stacking, but take the work out of it by do it automatically with Swanbitcoin.com/guy (free sats to start your plan)
"Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability...
The problem today is that we have companies who own both the protocol and discovery of content. Which ultimately puts one person in charge...
"We are trying to make it possible for people to use computers as simple of a statement as this: use computers, without intermediaries and...