Yeah, and Russia at war eliminates the Ruble, troubles with Swiss and German banks eliminate the Swiss Franc and the Euro, and nobody trusts the Chinese which eliminates the Yuan.
So what does that leave as a possible global currency? Japan’s Yen? Britain’s Pound?
Hardly.
The world of bad actors has given the Fed/Treasury a license to print money—and they are gonna ride this pony until it collapses.
I’m going back to the security of Beanie Babies and Gone With the Wind decorative plates.
No one trusts the US either…..
—> So what does that leave as a possible global currency? Japan’s Yen? Britain’s Pound?
The Yuan at first to settle trade among larger BRIC nations (already started), and then a negotiated basket of currencies/commodity based currency as BRICS expands.
The swift system will have an alternative, banking will have other options, currency will have other options.
All because the USA and western nations have weaponized the financial system.