Post
Topic
Board Economics
Re: Could there be a new financial system not dependent on USD?
by
Minecache
on 13/04/2023, 13:38:43 UTC
I have less information about abroad but i must say something that we have to reason collectively,
Out of 195 countries in the world i know too well that most of the population (country's) are solely depending on USD, EURO, POUNDS, YUAN for major trade. I mean before anyone could trade among these 195 you need any of those currency to be able to travel across, and if only 6 countries decides to breakout from USD how do you think it will affect the US dollar?
There will be no much effects


Things are just getting started, man. The dollar won't lose its dominance any time soon, but the fact that some countries are starting to get rid of it means it has problems, and many more will soon realize it too. In the history of currency, USD is not the only dominant currency in the world, before that, we also had other currencies but were replaced by USD. It can replace others, others will replace it, and nothing is forever. The United States is not the founder of this earth.

Well there's nothing much to delibrate about but less hope all things come as we may live to witness how it would go through. Sincerely speaking those currencies I listed above is the major strongest currency that controls the world trading power and even if any would take over maybe it could be with time.

Let time tell it all because both you and I and each have a different ideology, and no one has a crystal ball to predict the future, so don't rush to judge who is right or wrong here. Big events like this will be unlikely and will end in the short time that everything will be exposed over time. Let's see how it ends, and I don't like power concentrated on one person and nothing lasts forever. The world has been around for thousands of years and the US was not the first country to lead the world so it is not surprising that they are not the last leading country.