3 ms·
It's possible another power will peacefully take that place, kinda like how the US Dollar usurped the British Pound without a war between those countries.
by dukeyukey 3y ago
It's possible another power will peacefully take that place, kinda like how the US Dollar usurped the British Pound without a war between those countries.
- dragonwriter 3y agoThe pound wasn’t really displaced peacefully (WWII being rather the polar opposite of peace), even though the replacement happened to be from a friendly power.
- dukeyukey 3y agoCompared to > "society will have broken down far enough that even the gold will be relatively worthless and the predominant goods of choice will be cans of dog food and beans. it absolutely was peaceful, especially in those two countries.
- dragonwriter 3y agoWW2 and the period just after wherein the British Empire experienced rapid disassembly—the context for the collapse also of the Pound Sterling as the primary global currency—were not a period that was “absolutely peaceful” in the USA and the British Empire, or the world in general. Again, yes, it was peaceful BETWEEN the US ans UK, but your thesis that the primary global currency can collapse peacefully without a catastrophic global crisis is... well, picking the transition of the Pound to make that point is not a choice I would have gone with.