We did: but that was different because in those days because foreign reserves in those days were denominated in gold (something that was true until the mid 1970s and the end of Bretton Woods). (View Post)

What has legitimacy got to do with it? The point is that entities (whether people, companies or countries).don't usually try and maximize this week's outcome at the expense of future outcom… (View Post)

Well, Europe has no interest in projecting power; the vast bulk of any defence capability is going to be land based, and defensive. The goal is to deter Russia (or someone else) from fucking around a… (View Post)

We get everywhere, you know. We're like cockroaches. Only without the dress sense. (View Post)

I see someone has managed to get Grok to spill its system prompt: (View Post)