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Global Military Expenditures |
I believe that the huge US military establishment is also a major factor propping up the value of the dollar, in addition to the US's Mafia-like arrangement with Saudi Arabia and vassals to sell their oil only in US dollars in return for US protection. After all, if you were a major capitalist or head of an oil producing medieval kingdom with billions to guard, where else would you want to store your loot than with the biggest capitalist bully in the world in the forms of US government and other securities?