4 ms·
> the EU is not a nation-state on the same level as the US That's the point. The reality of brexit suggests neither the Euro nor the GB-Pound is a stable subs
by kbutler 8y ago
> the EU is not a nation-state on the same level as the US
That's the point.
The reality of brexit suggests neither the Euro nor the GB-Pound is a stable substitute for the dollar as a reserve currency.
The Yuan (with China's exchange rate manipulation and general economic manipulation)?
The Yen (with Japan's 10-20 year malaise)?
Crypto? (how much volatility and market manipulation are you willing to accept?)
Gold/silver standard? (It has certainly had a tiny fraction of the inflation of the US dollar, but there are other challenges)