This isn't to say the dollar is benevolent at all. It has been used as a forceful tool for diplomacy and war for the past 80 years, though technically those 80 years are also the most peaceful throughout history. The dollar is complicated, not evil.

@zachtratar wouldn't go that far, because that implies being anti-FED is anti-American. We've had multiple currencies in this country at different points throughout history. You can be pro America and advocate for a different monetary system. Federalism is one of the most American things.

@daferna2 Can you be anti-executive branch? Anti-congress? Those also didn’t exist for the first 10 years of America. Of course the Fed could use reform, but that’s different than “anti-Fed”. What, practically, do you mean by anti-Fed?

@zachtratar I think you are right if by "downfall of the dollar" is defined as total collapse in the value of the dollar. OTOH, you can rationally be pro-America but anti-Dollar hegemony. There are compelling visions for America that don't involve global domination 😅

@seanlinehan I don’t think the US has “dominated” since 2008, roughly speaking. Without the dollar’s leverage the worlds economic systems would be far more susceptible to the yuan, and China’s export of authoritarianism. Personal opinion. :)

@zachtratar Hmm I'm not sure I totally disagree. A weak currency can support exports and be pro-growth in the right circumstances.

@dyett I agree.

@zachtratar 1- Crypto is a baby and not near anywhere in the dollar economic size 2- Dollar value is an outcome that gauge sth else Pro-American has nothing to do with other countries not liking a highly in levered balance sheet of the US. It wasn’t controversial, it was just wrong.

@Amin_Hoss I don’t see how your top 3 points are opposing my core argument?

@zachtratar the 'dollar' is merely a measurement of gold and silver; It was already killed long ago; there was a reason why your founding fathers forbade the creation of central banking and national treasury bills; If they were alive today, they would storm the FED armed

@c477bfef6df4311 They were afraid of central banking as a means of foreign power to establish control of the US. Modern central banking is the opposite - a tool of US power and influence to promote global market access and capital flow.

@zachtratar Predicting imminent collapse of the USD is not the same thing as rooting for it. Rooting for overcoming the inevitable collapse and hoping for something better to take its place is not advocacy for weakening of the American economy.

@eric_lombrozo In abstract I would agree with you. But in a world of memetic growth, I find this wonderfully naive.

@zachtratar Can be pro-America about the positive culture and freedom of America and also be disgusted and horrified by the Federal government apparatus, the monstrous bureaucracy, the rapacious financial institutions, and how the empire deploys stormtroopers all around the world.

@Odysseus_360 Generally agreed the bureaucracy needs reform. But not full revolution. Generally speaking the 2008 crisis was notable in that banks were swindlers. I’m for general regulations to prevent that activity. Today a lot of swindling is happening in crypto as well.

@zachtratar Unstated false premise 1: That one cannot advocate for a weaker US economy, and also still be pro-America. Unstated false premise 2: That the US dollar is good for the US economy, and that the economy cannot be stronger with Bitcoin.

@LukeDashjr You're saying you *can* advocate for a weaker US economy and be pro-America? Please do tell me your logic on that one.

@zachtratar Your opinion is objectively false, the dollar is very anti-American. Study monetary economics or stay in your lane.

@pierre_rochard While the Triffin dilemma is valid, I recommend you do extra reading if you think cherry-picking like this creates a whole argument. Why ignore the immense trade benefits, for example?

@zachtratar maybe everything is not about America as the center of the world?

@tr1cky_ Your point doesn’t oppose mine, btw. They’re orthogonal.