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0 sats \ 0 replies \ @Solomonsatoshi 17 Mar \ on: What do you think a collapse in the dollar would actually look/be like? AskSN
It can only happen when an alternative for international trade settlement emerges.
China is already settling international trade payments on its own Yuan denominated alternative systems.
Its been doing this for Iran and N.Korea for decades and more recently Russia.
China today dominates global trade in manufactured goods and commodities and so naturally will come to dominate global trade payments- this is how it has always been since the Roman Empire.
Tough luck for US exceptionalists stuck in their 1990s delusions of invincibility.
But Trump can clearly see the writing on the wall threatening BRICS members not to join the exodus from USD hegemony.
Trump is trying to pivot the US to savage some of its wealth power and privilege...just as Britain did when hegemony shifted to the US post WW2.
Some use of Bitcoin could be an option.