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I watch that space out of personal interest and I currently see very little indication that this could even happen. There is some interest in bypassing existing

I watch that space out of personal interest and I currently see very little indication that this could even happen. There is some interest in bypassing existing dollar supremacy, but currently only China, EU and maybe BRICs as a whole could threaten it. And that does not even touch the digital aspect of it.

prottog 3y ago
> currently only China, EU and maybe BRICs as a whole could threaten it Only theoretically. The USD is the cleanest shirt in a pile of dirty laundry. Neither the euro nor any of the BRICS currencies are getting any cleaner.
viewtransform 3y ago
BRICS is a joke. Russia has a growing pile of Indian rupees and complains to India that they don't want any more. India will never agree to use the Chinese yuan as a dollar replacement because Xi Jinping is flashing his junk on their borders. China looks down on uppity India since they have a massive trade surplus with them. South Africa with water shortages and 16 hour power outages is not going anywhere economically. None of them want Russian currency because of sanctions. That leaves Brazil - which is looking to team up with nearly bankrupt Argentina for a common currency. Meanwhile Brazil (22B), India (122B) and China (380B) run multi-billion dollar trade surpluses with the U.S.