the absolute funniest way for dedollarization to occur is that while BRICS+ is hemming and hawing about how they’re gonna set up an alternative currency and an international financial organization exerting some degree of sovereignty over each of them (meanwhile the developing world is facing the worst debt crisis in human history), Trump just gets rid of the dollar over the course of a month. I’m out here predicting that we might see foreign currencies or a bancor overtake the dollar by the 2050s, meanwhile the Heritage Foundation guys want it gone within the year
I have talked to a surprising number of conservatives and libertarians who, after I explain what would happen the US if we stopped running budget deficits, are just like “hell yeah bring the collapse on, we’ll be better off for it in the long run”. This sounds acceleration and maybe it is but I think it’s more they don’t understand / believe that things would be that bad for that long.
the absolute funniest way for dedollarization to occur is that while BRICS+ is hemming and hawing about how they’re gonna set up an alternative currency and an international financial organization exerting some degree of sovereignty over each of them (meanwhile the developing world is facing the worst debt crisis in human history), Trump just gets rid of the dollar over the course of a month. I’m out here predicting that we might see foreign currencies or a bancor overtake the dollar by the 2050s, meanwhile the Heritage Foundation guys want it gone within the year
I have talked to a surprising number of conservatives and libertarians who, after I explain what would happen the US if we stopped running budget deficits, are just like “hell yeah bring the collapse on, we’ll be better off for it in the long run”. This sounds acceleration and maybe it is but I think it’s more they don’t understand / believe that things would be that bad for that long.