America is a rancid and failed country. 99% of their population don’t see the empire crashing before their eyes, but the rest of the world has noticed and China will come out as the dominant fiat currency for decades
No one’s gonna have the prominence america had, relative to other countries. So a basket of currencies is possible, or even different currencies for different industries
I’d argue that about half of the population sees it. But most of them didn’t vote, because they were either disenfranchised or just didn’t think it would be this bad, this quickly. And they can’t afford to take time off of work to protest, because they’re all already living paycheck to paycheck.
America is a rancid and failed country. 99% of their population don’t see the empire crashing before their eyes, but the rest of the world has noticed and China will come out as the dominant fiat currency for decades
What about the Euro? That’s also a good contender for reserve currency. Maybe they won’t be one but 3 or 4
That raises a question - what’s better, easier commerce with a financial powerhouse, or easier commerce with the country that makes everything?
No one’s gonna have the prominence america had, relative to other countries. So a basket of currencies is possible, or even different currencies for different industries
Americans would sooner switch to Bitcoin than Chinese money.
I’d argue that about half of the population sees it. But most of them didn’t vote, because they were either disenfranchised or just didn’t think it would be this bad, this quickly. And they can’t afford to take time off of work to protest, because they’re all already living paycheck to paycheck.