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Elessar · 31-35, M
Not in the short term because the dollar being a reserve currency guarantees a certain stability
Definitely a possibility in the medium/long term
Definitely a possibility in the medium/long term
swirlie · 31-35
@Elessar
Well, what you're saying is not correct either. The US Dollar is not a stable currency because it is a fiat currency. That is why the US Dollar is on it's way out and is in the process of being replaced as the stability of the USA spirals deeper into decline as evidenced by the spiraling US National Debt load, now reaching $39 Trillion and impossible to ever pay off with current US GDP potential.
Well, what you're saying is not correct either. The US Dollar is not a stable currency because it is a fiat currency. That is why the US Dollar is on it's way out and is in the process of being replaced as the stability of the USA spirals deeper into decline as evidenced by the spiraling US National Debt load, now reaching $39 Trillion and impossible to ever pay off with current US GDP potential.
Elessar · 31-35, M
@swirlie It's been a fiat currency for long and as I said virtually every other major currency also is, nobody had an issue with that until 2025.
It's going to be replaced because in ~11 month the USA has thrown 250yrs of diplomacy and stability in the fire. Add to that the fact that the world is also moving away from fossil fuels, which is the main reason why countries keep a USD reserve.
It's going to be replaced because in ~11 month the USA has thrown 250yrs of diplomacy and stability in the fire. Add to that the fact that the world is also moving away from fossil fuels, which is the main reason why countries keep a USD reserve.
swirlie · 31-35
@Elessar
If it's the opposite, then why did you say that the world's move away from fossil fuels is the main reason why countries keep a USD reserve? ... 👇🏻
If it's the opposite, then why did you say that the world's move away from fossil fuels is the main reason why countries keep a USD reserve? ... 👇🏻
Add to that the fact that the world is also moving away from fossil fuels, which is the main reason why countries keep a USD reserve.
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