The problem is a lack of monetary infrastructure more than deciding on a currency.
The US Dollar is rising in price because it's ostensibly the largest set of pipes for money velocity and the difference is 10000 to 1 for anything current.
The US Dollar is rising in price because it's ostensibly the largest set of pipes for money velocity and the difference is 10000 to 1 for anything current.
Reposted from
lazyblueberry
Possible. I'm still catching up on all this stuff so here's my -likely wrong- hot take:
I think it's more likely that if the BRICS alliance proves successful, we'll all be desperate to get whatever currency they create. Or just the Chinese Yuan 🤷♀️
I think it's more likely that if the BRICS alliance proves successful, we'll all be desperate to get whatever currency they create. Or just the Chinese Yuan 🤷♀️
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The question is did we begin the construction of the rival infrastructure through sanctioning 60% of the Global South: Probably.
Might've been useful to have more people consistently employed all this time.