4 ms·

This idea has been going on for literally decades, with no real progress. Iran started allowing Euro trades for oil (keep in mind the EU imports way way more oi

• cft 6y ago
  The first effect maybe that the increasing dollar creation rate needed to sustain the functioning of American economy may exceed the ability of foreign countries to absorb them.
  • three_seagrass 6y ago
    This is just more of the usual "The Fed has really done it this time and here comes it's inevitable collapse". There will likely be inflation but it's considered better than the alternative right now which is stagflation.
• didntknowya 6y ago
  no real progress because every time a country propose or implements a major switch from the dollar, coincidentally they get invaded and drawn into a war. switching to another currency standard is a major threat to value of the USD, and would collapse the economy more than any nuclear weapons or politics would... but that's a rabbit hole for another day.