It doesnt matter. There is nothing to replace it. The entire financial world is on the dollar standard. A few hundred billion in trade is minor compared to the $4.5 trillion traded daily in the repo market.
That said, the Biden administration fucked up weaponizing it. But it wont matter. Every country needs USD.
When half the $350 trillion in global debt is USD denominated, a lot of people need dollars to make their payments.
perfectly well answered brother... This really does money the BRICS move is not exactly a threat to US dollar? #askleo
No. We saw this same nonsense with the EU 27 years ago. People looked at the size of the economies added up and said it rivaled the US, so it would be another superpower.
What happened? The EU flatlined while the US economy is now $27 trillion. It is not about trade but that is what people thought. The EURO is nothing more than a regional currency.
There is one international currency, it is the dollar.
wow brother you just opened my eyes to the true power and sustainability of the dollar...
Dont buy into the nonsense about the dollar dying. Actually it only keeps getting stronger (which isnt good for it).
That said, it isnt perfect and there is something else required. The problem is there is nothing else.
I thought you were referring to the Hive-Backed Dollar (HBD) the first time I read your comment. 😆😅
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Oh no the US dollar and it was based on my blog for today
There are also other types of (fiat) dollars such as the CAD (Canadian Dollar) and AUD (Australian Dollar). 🤔 Without reading your recent posts in full, not many would correctly assume that you were talking about USD. 🤯😅
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🤔🤔🤔 I guess you're right I'll be more specific next time then