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Cake day: May 19th, 2024

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  • Not sure digital currency could perform all the functions of being a reserve currency, such as being readily fungible, untracked, and easily physically transported. I mean, two people bribing their way out of a war zone, or just a widely recognized currency sitting in a go-bag, these were some of the usages the USD took up, due to people knowing it was widely accepted.

    Also, I don’t know if defaults would be enough to stop that, as the currency is usually backed by the US giving a black eye to anyone small enough who tries to trade oil in something else.

    But I accept that these days these are marginal circumstances, trade and oil deals are done in other currencies in some places.

    My thinking on this is probably out of date. I guess we’ll just have to wait and see.


  • An unorganised switch in reserve currency may see China attempting to compete to be the reserve currency. If things go poorly and the American economy suffers in a much more extreme fashion a much more hard-line form of fascism (harder than the Trump regime) may crop up with the ensuing economic discontent.

    Or perhaps a form of Socialism. Either way it’s likely to be single party and authoritarian.




  • DarkCloud@lemmy.worldtoComic Strips@lemmy.worldBoundaries
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    1 day ago

    I think it’s poking fun at anyone who would hate foreskin (whilst accepting things which are generally considered gross). So it probably doesn’t deserve the downvotes.

    It’s saying hating foreskin is absurd compared to some of the pther things that go on with sex.