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I think there's a option here: there could be no replacement. The fact of the world having a singular reserve currency is not guaranteed. A totally possible ou
by ncallaway 1y ago
I think there's a option here: there could be no replacement. The fact of the world having a singular reserve currency is not guaranteed.
A totally possible outcome is nothing really replaces the dollar as the reserve currency, and international trade is just... less efficient because of it.
If the world moves away from the dollar, I think having a singular reserve currency replace it is probably the best case scenario
- klodolph 1y agoSure, it’s possible that international trade would be less efficient. I think it’s more likely that liquidity providers / market makers would step in. These entities have gotten bigger and bigger over the past years.
- cbogie 1y agonudge force push to dogecoin trumpbux etc quick rich, scorched earth, whatever u can keep
- flowerthoughts 1y agoAgreed. Yuan is too closely regulated to stay in China. I doubt it would be viable unless China first steps up their _attitude_ towards being a currency provider. The EMU is an amalgamation of countries that barely hold together, have vastly different opinions on government spending, and isn't already a "world currency." I do think we'll eventually have a single currency on the planet, but the question is what happens in my lifetime. And that's much less certain.