2 ms·
>"I don't really see anyone phasing out the US dollar as a reserve currency." The pig has grown way too big and is drowning in debt. Way too much overhead to k
by FpUser 2y ago
>"I don't really see anyone phasing out the US dollar as a reserve currency."
The pig has grown way too big and is drowning in debt. Way too much overhead to keep feeding it. On top of that the US dollar is being used as a club which is an issue for countries that do not want to toe the line. Given a time the world will find a replacement.
- Etheryte 2y agoThis is a non-falsifiable nothing-burger. You could've made the same claim ten, twenty and thirty years ago, yet here we are.
- FpUser 2y agoThe debt was smaller and other countries were weaker. Obviously the US and $ are not going to disappear (bar all out nuclear war) but at some point in the future it might have to accept that it is not a navel of the Universe
- Etheryte 2y agoThe problem with claims like these is that there is no criteria to check against, e.g. has this happened or not, and there is no actual timeline, e.g. is it at the heat death of the universe or next year. Thoroughly vague propositions like this don't really add any value to the discussion.
- FpUser 2y agoKeep wearing that hat