Marco on Nostr: Insightful. And I agree, there will probably not be a reserve belonging to a single ...
Insightful. And I agree, there will probably not be a reserve belonging to a single currency again.
After what the US has gone through since 1971 this is neither in the interest of that nation (hollowing out of its industrial base) nor other nations (risk of reserves being seized, see Russia).
This leaves us with two likely outcomes: An international currency basket by BRICS, BIS SDRs or similar or a truly neutral asset such as gold or bitcoin.
After what the US has gone through since 1971 this is neither in the interest of that nation (hollowing out of its industrial base) nor other nations (risk of reserves being seized, see Russia).
This leaves us with two likely outcomes: An international currency basket by BRICS, BIS SDRs or similar or a truly neutral asset such as gold or bitcoin.