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> It's not like anyone can actually do something about it and that's all that really matters. In the long term they can, by using the US dollar less and less.
by logicchains 3y ago
> It's not like anyone can actually do something about it and that's all that really matters.
In the long term they can, by using the US dollar less and less. Which is already happening. One day the US government will wake up unable to print money to pay for things from other countries, and the economy will collapse.
- foverzar 3y agoI believe that's an entirely different issue, tbh. There is no grand strategy or conspiracy behind dedollarization, just a path of least resistance for free and open trade. I don't like assuming that someone is an idiot, but besides "shitting where you eat" the only explanation I can think of is that someone is betting on WWIII and that it will end as profitability as WWI and WWII.
- hgomersall 3y agoThere are plenty of countries that don't use the dollar but that have significant current account deficits.
- doublebind 3y agoMany of these countries though, finance theirs debts and pay them back in USD, simply because the USD is still the de facto currency in global financial markets.
- hgomersall 3y agoMany don't: the UK, most of the Eurozone, ...