The argument that the erosion of the dollar’s global status could benefit the US is gaining traction in Washington. That move would be a needless act of self-harm.
The argument that the erosion of the dollar’s global status could benefit the US is gaining traction in Washington. That move would be a needless act of self-harm.
The world needs a neutral reserve currency, not controlled by any one nation.
Wait, is that not what my Pokemon Cards are?!
It’s Beanie Baby time finally!
How?
Some kind of international organization needs to issue and manage a reserve currency. Maybe the world’s various banks need to come together and form a global central bank that issues the currency.
They’re called SDR and issued by the IMF and aren’t used by anyone. Next best thing is gold or bitcoin
SDR isn’t a currency, it’s a reserve asset. I know you might be thinking, “well, gold is a reserve asset and a currency,” but go down to your local supermarket and try paying for your groceries with like 1/10 of an ounce of gold and see how that works out for you.