@Arete happy aretaret day
to make a long story short, i would argue the main reason that persists to this day is that everyone can use USD in a meaningful fashion
like saudi aramco doesnât really want a new zealand dollar because the only place that really uses those for anything is new zealand
but the us dollar has enough international importance (and because we import so much stuff, thereâs always a ton of them being sent elsewhere) that having USD on hand is never going to result in you having a currency that other countries donât want when it comes time to make the next trade
Happy Arete Birthday
I feel like its china who purchases the most oil but idk
u.s. both produces and uses the most oil, china imports the most
iirc the gulf states in exchange for us protection basically agreed to only sell oil for USD
ergo EVERYBODY needs USD so a lot of international biz is conducted in USD, itâs why China has so much US Treasury debt because they need USD for the oil they shit
itâs also why our debt is do cheap and why if we ever lose global reserve currency status we are massively fucked
iâm thinking how rough some other folers must have their most liked post page to be. imagine your greatest contribution (as voted on by other people) is an image of the site adminâs old pfp as a fan you posted in November 2021.
(âŚmine isnât much better but it used to be good in like late 2025.)
Just checked mine
Nominating the Magnus Incident for the FOL awards is my most lasting contribution to the forum
âŚthat didnât even win did it?
yeah but like the âwhy it happened originallyâ and âwhy itâs still happening now,â while related, are not really the same question imo
mine is my about me
(and paint chain)
honestly the about me thread (though itâs rendered a little null by the fact we all know eachother) was one of my better thread ideas. better than tommygun iâd say. just behind pronouns thread.
i wish i had more interesting pronouns than she/her
well i wish all of the infinite suffering in this world were toned down but i suppose thatâs an okay wish too
you know im woofing all the time everywhere i go
and even in my dreams, all i do is sit and beg and whine
but i know i canât get that
instead im tall with no ball for my owner to hide behind their back
Why are there toothpicks in my Mentos box?
I presume my dad mustâve put them there (only person in the house who also has Mentos and is a notable toothpick user), but why combine them?
