Eli5: Why does the US spend so much money on military?
In:
It’s because we’re maintaining our NAVY. The most powerful navy ever amassed. Our navy patrols the seas and has a presence in over 100 ports. Those ports enforce the Dollar/Oil standard, meaning all around the world oil is only traded in dollars thus being the backbone of our economic power.
Two countries tried to establish their own currencies to trade oil in. Can you guess which ones?
Iraq under Saddam Hussein and Libya under Gaddafi.
Coincidence?
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