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Comment by redis_mlc | Hacker News Reader

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redis_mlc·

Euros are, literally, a joke.

A currency without an army is nothing.

You can pretend whatever exchange rate you want between the Euro and the USD, but the USD is the real currency.

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Yes because USA Vs the world will have USA as a winner (if this is what you imply) which is 5yo thinking. EU although it still going through some growing pains, appears to be far more mature than today's USA, which is burning bridges and building walls (I mean figuratively). If/as the planet continues to decrease its dependency to USD then the might will decrease further with it. USA has the No1 debt on this planet. I don't see any other countries of that size going bust and needing to print new money every other year because they cannot afford to run their states. I am using this childish and realistic example so you include that in your thought process.

As for the army, EU is in the process of considering/designing an EU army, since the "US hegemony" seems to be in deep .... with USA's latest leadership. And thank you for speeding up this process.

> A currency without an army is nothing.

Can you expand on this? What's the financial function of an army? What's the military function of a currency? I can imagine what you might say but I'd like to read it to know for sure.

So far US invaded or staged a coup in every country that had audacity to refuse using US dollar. That is one of the most important functions of US military power.

Also, countries with US military bases aren't really sovereign. They can't for example refuse to invest significant portion of their GDP in US treasuries.

True, one of the last things Saddam did was sell oil in different currencies to the us dollar

>A currency without an army is nothing.

The Swiss beg to differ.

Military service is mandatory in Switzerland

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