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0 sats \ 1 reply \ @flat24 17 Mar \ on: What do you think a collapse in the dollar would actually look/be like? AskSN
I think that too much is missing, to see that dream that people have about the collapse of the dollar.
Ehem.
The USD is the world reference currency, as is the US. In order for that to stop so, something would only have to happen, "which is the US disappears" and that is currently complicated.
Its dollar although it is a scam, the global financial system continues to govern, and now with the adoption of stable currencies, a strong demand for their junk bonds is guaranteed, and which in turn floods the world of dollars more but this time in a digital form and with the USDT or USDC label. which in turn continues to strengthen the first thing I mentioned, "World reference currency"
And now that they plan to create a Bitcoin reserve so that at the same time this gives greater credibility to the strength or stability of the dollar. I think it is something that injects more life to its system built around the dollar and extends the possibility of continuing to exist.
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0 sats \ 0 replies \ @Solomonsatoshi 17 Mar
70 years of chronic trade deficits against Chinas 40 years of rapidly growing trade surpluses adds up over time. China has won the trade war. The use of the USD for trade payments looks like declining very swiftly as the world realises China already enables trade with Iran and Russia outside of the USD SWIFT protocols.
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