3 ms·
That and it would require an extraordinary coordinated effort among basically every other country in the world to de-dollarize. The whole financial system is ba
by selectodude 6y ago
That and it would require an extraordinary coordinated effort among basically every other country in the world to de-dollarize. The whole financial system is based off settlement in USD. A switch away from dollars wouldn’t be due to a collapse in value vis a vis other currencies, it would be due a collapse of the United States as a country, and that would probably take more than a few other nations down with it.