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there's no reason for the USD to be the reserve currency, being the currency of a country that doesn't produce anything anymore
by cft 1y ago
there's no reason for the USD to be the reserve currency, being the currency of a country that doesn't produce anything anymore
- dlkmp 1y agoBut does provide services the entire world depends on.
- cft 1y agothere's no reason that one government should control that currency.
- evrydayhustling 1y agoTrust was its own reason. It's useful for the whole world to have a currency and business environment that operates by rules, even when the rules aren't perfect or fair. That environment isn't being outcompeted by better, more fair rules - it's just getting vandalized for a few people's gain, and creating risk for everyone else .
- EasyMark 1y agothere's what you think, and then there is reality.
- exe34 1y agoit's the other way round, the military maintains the world order, the currency is used as reserve, and they get to provide services that nobody else can provide while they're top dog. they are not on a trajectory to remain top dog for very long.