developingeconomics.org

ShellMonkey , 10 months ago to worldnews in De-dollarisation and Internationalisation of Other Currencies: Geopolitics and Implications for Dollar Diplomacy

And here I distracted by how bad whatever AI made this messed up the $100 bill…

Frankly I don’t see how the USD has remained as anything resembling a stable international standard given just how focused we tend to be in immediate gratification and maintaining stock growth rather than long term investments.

zephyreks OP , 10 months ago

I don’t think they can legally defile actual money lol

Tosti , 10 months ago (edited 7 months ago) to worldnews in De-dollarisation and Internationalisation of Other Currencies: Geopolitics and Implications for Dollar Diplomacy

deleted_by_author

zephyreks OP , 10 months ago

That’s the entire point of dedollarization, though: options means that countries can switch to another option if one country’s currency isn’t reliable

taanegl , 10 months ago

SWIFT will have to be broken up, where one becomes a European only with the EURO as it’s trading currency.

I’d wish we could decentralise it even further, but that’s going to defeat the purpose, isn’t it?

I used to think SWIFT was just a transaction system, but we can see how economy on a global level is truly all about political power - ideals be damned.

The liberal dream truly is dead. Long live economic feudalism.

zephyreks OP , 10 months ago to worldnews in De-dollarisation and Internationalisation of Other Currencies: Geopolitics and Implications for Dollar Diplomacy

The progress towards dedollarization reduces the reliance countries have on the US, which is good for their economies but bad for the US.

That’s a good thing overall.