Is a dollar as a world reserve currency, helping or hurting Americans?
Posted: Tue Sep 24, 2024 4:32 am
Very good question: is a dollar as a world reserve currency and petrodollar helping or hurting Americans?
All propaganda machine, media, president of USA including Trump saying that dollar as a world reserve currency and petrodollar helping Americans?
If one be able to think than he/she can see that they all wrong!
In normal situation manufacturing sector of the economy produce goods and services.
Manufacturing/service sectors of the economy produce all money – wealth.
In this – normal situation everyone in the country – USA – know who is the boss, boss is manufacturing/service sectors of the economy.
This was a the case before years 1930 th.
All banks and whole financial sector of the USA economy called financial service sector of the economy. Important word here is financial service sector of the economy.
This means that financial sector of the economy servicing manufacturing/service part of the US economy.
After year 1945 after dollar become world reserve currency, financial sector of the economy transformed them self into real sector of the economy by themselves.
Financial sector sector of the USA economy start create so call “financial engineering”.
Importance of the manufacturing/service sector of the USA economy reduced.
Very soon, financial sector of the USA economy start produce more dollars with financial engineering than manufacturing/service sector of the economy.
Invention of the petrodollars by the politicians, created situation where politicians start to create more wealth more dollars than manufacturing/service sector of the USA economy.
By the years 1970 th. Financial sector of the US economy becomes major sector of the US economy for wealth creations, closely follow by the politicians with their own political engineering.
Manufacturing/service sector of the USA economy end up on the third place.
Manufacturing/service sector of the US economy stop be a boss in the country.
New boss in the US economy become financial sector of the US economy and next boss become politicians industrial complex.
In this situation Americans manufacturing/service sector of economy with Americans workers lost their power and went of the trajectory constant and continues decline.
Hopefully in few years foreign countries will dump the dollar as world reserve, and no foreign countries will by oil with the dollar. The result of all of this will be that US manufacturing/service industry will become boss again in the USA.
All propaganda machine, media, president of USA including Trump saying that dollar as a world reserve currency and petrodollar helping Americans?
If one be able to think than he/she can see that they all wrong!
In normal situation manufacturing sector of the economy produce goods and services.
Manufacturing/service sectors of the economy produce all money – wealth.
In this – normal situation everyone in the country – USA – know who is the boss, boss is manufacturing/service sectors of the economy.
This was a the case before years 1930 th.
All banks and whole financial sector of the USA economy called financial service sector of the economy. Important word here is financial service sector of the economy.
This means that financial sector of the economy servicing manufacturing/service part of the US economy.
After year 1945 after dollar become world reserve currency, financial sector of the economy transformed them self into real sector of the economy by themselves.
Financial sector sector of the USA economy start create so call “financial engineering”.
Importance of the manufacturing/service sector of the USA economy reduced.
Very soon, financial sector of the USA economy start produce more dollars with financial engineering than manufacturing/service sector of the economy.
Invention of the petrodollars by the politicians, created situation where politicians start to create more wealth more dollars than manufacturing/service sector of the USA economy.
By the years 1970 th. Financial sector of the US economy becomes major sector of the US economy for wealth creations, closely follow by the politicians with their own political engineering.
Manufacturing/service sector of the USA economy end up on the third place.
Manufacturing/service sector of the US economy stop be a boss in the country.
New boss in the US economy become financial sector of the US economy and next boss become politicians industrial complex.
In this situation Americans manufacturing/service sector of economy with Americans workers lost their power and went of the trajectory constant and continues decline.
Hopefully in few years foreign countries will dump the dollar as world reserve, and no foreign countries will by oil with the dollar. The result of all of this will be that US manufacturing/service industry will become boss again in the USA.