🐈

other currencies (non compatible belt systems) can also escape inflation. but due to globalization only currencies like north korea’s r truly insulated and that has its own problems

china currency manipulation basically boils down to hoarding dollars so that the u.s. is forced into higher and higher end forms of service and production which starves a country of jobs if the populace isn’t educated enough to do them

this causes these lower end jobs to make more sense to outsource to china (and ironically the higher end jobs in the u.s. end up taken by h1bs)

the end result is that the u.s. despite its surplus of high end conveyor belts, cannot make use of them because they are too high end relative to the work the population can actually output

the only ways to leverage the dollar is to either manage skilled foreign workers or take those dollars and move to bali/thailand/etc...

so it attempts to reduce the efficacy of the dollar through inflation this allows “lower end” (blue collar, middle class, etc...) to be profitable

this doesn’t necessarily work because the velocity of money matters. the analogy here breaks down when adding in velocity so ignoring for now though

it also damages the people who ARE using the high end belts correctly a big american company ceo with an international empire for e.g. will just see local americans as stupid and lazy relative to the foreign workers

these companies project american power but often times the economic benefit is never reshored and even the local employees are often foreigners (esp for software)

while it IS true that being born in a developed country has a higher likelihood to spoil one to be more “stupid and lazy” there is also truth in that the culture and morality tends to be more developed with better taste for “beauty”