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AndrewS

Brigadier
Registered Member
FairAndUnbiased said:
People always seem to forget why the USD has value. It isn't that there's something inherently awesome about the USD. It is that the US since the 19th century has always been the highest energy extraction economy in the world.

US extracted up to 70% of global oil in the 1910s.

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For reference all of OPEC combined is around 37%.

US also had the technology to turn oil into work i.e. mechanical machinery and cars.

It has nothing to do with good governance or democracy or what not. It all has to do with offering energy to high tech low energy countries, offering tech to low tech high energy countries, and most of all, keeping high tech high energy countries down.
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The science behind this.

86% of economic growth comes from increasing aggregate efficiency, as per Rifkind.
It's basically how efficiently you generate energy and turn it into a final product.

Yes, it was the US at the forefront of the 2nd Industrial Revolution (centralised electricity, oil, cars, telephones)

But you still need a stable and predictable investment environment (aka good governance) so that those trillions of investments can be made, because they will take years to payoff.
 
FriedButter

FriedButter

Brigadier
Registered Member
B.I.B. said:
Because the UK are still part of NATO?
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Not that relevant for the EU since the bulk of the responsibility is on the US and not the UK. The only thing that concerns the EU would be UK economy and the domino effect on the EU economy. The military affairs is more or less all on the US.
 
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ansy1968

Brigadier
Registered Member
Bellum_Romanum said:
Can someone more knowledgeable on this topic explain how India is allowed to have an acces in the Arctic without getting a lot of pushbacks from the usual suspects whereas China's aim and efforts are always cast in a villainous manner. What gives India a more geographical rights to the Arctic than China?

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Cause they know the Indians Can Only Talk And Do Shit...lol Gosh!!!! What's wrong with me I'm becoming another @NiuBiDaRen , It's addictive.
 
BlackWindMnt

BlackWindMnt

Major
Registered Member
Bellum_Romanum said:
Can someone more knowledgeable on this topic explain how India is allowed to have an acces in the Arctic without getting a lot of pushbacks from the usual suspects whereas China's aim and efforts are always cast in a villainous manner. What gives India a more geographical rights to the Arctic than China?

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Isn't the antarctic the southern pole. That kind of makes sense right that India makes a claim for it.

It's a skeptical plane if my mind is still right because for the antarctic Afrika and Latin America are probably closer by.
 
C

Chish

Junior Member
Registered Member
FairAndUnbiased said:
People always seem to forget why the USD has value. It isn't that there's something inherently awesome about the USD. It is that the US since the 19th century has always been the highest energy extraction economy in the world.

US extracted up to 70% of global oil in the 1910s.

Please, Log in or Register to view URLs content!

For reference all of OPEC combined is around 37%.

US also had the technology to turn oil into work i.e. mechanical machinery and cars.

It has nothing to do with good governance or democracy or what not. It all has to do with offering energy to high tech low energy countries, offering tech to low tech high energy countries, and most of all, keeping high tech high energy countries down.
Click to expand...
The US dollars rules because countries are required to $US for their international trades, for anything from oils, raw materials, foods to services. To facilitate trades, they are required to use the international swift system , which is a US monopoly. As long as world trades operate dominantly under US rules, the dollars will always have values.
 
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ansy1968

Brigadier
Registered Member
Chish said:
The US dollars rules because countries are required to $US for their international trades, for anything from oils, raw materials, foods to services. To facilitate trades, they are required to use the international swift system , which is a US monopoly. As long as world trades operate dominantly under US rules, the dollars will always have values.
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Don't worry my friend, the American will destroy it for us....lol
 
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