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Absolutely astonishing that Iran and Saudi Arabia would be admitted side-by-side. Geopolitical arch-rivals joining the same economic bloc like this might signal a watershed moment for multipolarity.

  • hexi [they/them]@hexbear.net
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    1 year ago

    The reserve dollar status lets the US export trillions in inflation to the rest of the world. Print and spend domestically, and the reserves held by the entire world get devalued.

    The US would probably start a war if someone threatened the trillions in free cash they can passively profit from.