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It doesn’t have to be just one alternative. From what I have around Brazil is pushing a new(?) common currency for trading within Latin American countries, Chi
by gmuslera 3y ago
It doesn’t have to be just one alternative.
From what I have around Brazil is pushing a new(?) common currency for trading within Latin American countries, China is pushing Yuan for bilateral trading with several countries, and probably more blocks and trade partners follow similar policies elsewhere.
Not having all the eggs in the same basket may lead to some egg breaking, but not all of them at the same time. And the increasing perception of risk relying on dollars may make that strategy attractive.
- throwawaymaths 3y agoAn international free banking era might be exciting (ok, I think it would be exciting), but even in such a regime literally everything that I wrote still applies, and anyone choosing alternatives to the dollar for transactions in the small is going to get screwed in those individual subdomains for exactly the reasons I point out.
- throw0101b 3y ago> From what I have around Brazil is pushing Ah yes, the BRICS idea: > You combine Brazil's history of monetary stability, with Russia's respect for property rights, India's domestic tranquility, China's financial transparency, and South Africa's investment opportunities - and hey presto, you've got a new global money. * https://twitter.com/davidfrum/status/1665053372402081792 https://twitter.com/davidfrum/status/1665053372402081792