21 sats \ 6 replies \ @Satosora 12 Jun \ on: Is the Dollar the Global Reserve Currency Because There's No Better Alternative? econ
I guess it isnt just the USD that is important. It is the government and the banking system that is behind it.
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20 sats \ 5 replies \ @Undisciplined OP 12 Jun
True. It’s really that stuff that backs the dollar, more than the way it’s managed.
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21 sats \ 4 replies \ @Satosora 12 Jun
Yes, the swift money system. I wonder what they will do with the brics? China or russia or idias system?
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20 sats \ 3 replies \ @Undisciplined OP 12 Jun
I don’t know, but I’m expecting it to be a huge mess.
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21 sats \ 2 replies \ @Satosora 12 Jun
I dont know if they have a monetary system to back up all the transactions... Will be interesting to see in the near future.
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20 sats \ 1 reply \ @Undisciplined OP 12 Jun
They don’t, and they can’t agree on what kind of system to adopt or how to share control over it.
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21 sats \ 0 replies \ @Satosora 12 Jun
The sharing control will be the major part. China has 40% of it, but I think they will need to all put in more if they want it to be the international money.
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