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SarahC · F
Unfortunately you don’t know anything about economics. It’s not how it works, China doesn’t have the ability to become a vehicle currency for a lot of reasons. Do you really think third world countries get to change the world order…
SarahC · F
@Cierzo I am not an American. And you’re living in the 1930s if you think gold is better, can’t you read that every economist says how it wasn’t working, had contagion effects and made crises a lot worse. Also, you need a vehicle currency for international transactions and as a store of value. And it has to be from a respectable country, not Brazil.
Confined · 56-60, M
@SarahC This topic has been taught to us in school since the 8th grade. If the dollar is not the dominate currancey around the world, the US economy will fail, and we will be no better then eithopia. It will have devistating consequences for the United states and even most of Europe.
SarahC · F
@Cierzo Don’t know where you got that from, but it’s unlikely to be the case. Nobody would have cared about Gaddafi or taken him seriously, he was a clown. He just had issues with suppressing rebellion in his country like most authoritarians. But countries need to portray stability and have a credible financial system, communication, central bank etc. And only 2 options are the USD and the euro, but the first is used for historical reasons. You can even see that some countries from Latin America use the dollar instead of their own currency. It’s the new version of gold, something you can be sure to be relatively stable. Very much not the case with the countries you mentioned, most of them being a joke economically