[–] -1 points 2 years ago

They're ditching the USD's role as the global reserve currency. Any reduction in reliance on the USD directly impacts the USD's role as a reserve currency.

You don't have to go "I'm never touching the USD again" to ditch it in it's key use case.

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  • [–] 15 points 2 years ago (4 children)

    I would actually love to see Saudi Arabia take the lead on food engineering. They might lack fresh water, but they have immense amounts of land and sun to play with.

    The only alternative I can see is a mass reforestation project.

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  • [–] 3 points 2 years ago (1 child)

    Russia's military budget in 2019 was $65 billion. It's a waste of money that's only practical because the US is literally swimming in taxpayer money (mostly because the US doesn't invest in itself, but that's another issue).

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  • [–] 8 points 2 years ago

    Macron was right, but being right is extremely expensive. Meanwhile, the EU's dependence on F-35s for defence isn't too great given the well-known issues with F-35 maintenance and the need for US private contractors in the maintenance loop.

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