Post #2469134

Honestly it’s a result of being the world’s reserve currency. At one point Brazil was the capital of rubber, and like 2 towns in Brazil made all of the latex the world used. They used to ship their clothing to Europe to be washed. Then 900 rubber tree seeds were smuggled out and it crashed their monopoly, devastating those towns. Much the same has happened to the US when you can deindustrialize and print without consequences. The same happened to Spain with their silver mines in the age of sail. Silver flowed through Spain, but didn’t stay there… It was cheaper to buy foreign goods in Spanish silver than to pay a Spaniard to do it. When the silver ran out it all crumbled… Trump killed the petrodollar and it’s going to turn the US into an inward looking regional power…