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To: teeman8r

There will not be a different Global Reserve Currency. If they drop the dollar there will be NO Global Reserve Currency.

Last year 11 BILLION TONS of shipping crossed the planets oceans. What happens when they have to switch to Gold or Barter?

Blame it on global warming.


16 posted on 06/30/2023 9:36:59 AM PDT by MMusson
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To: MMusson; NewJerseyJoe
NO Global Reserve Currency

There is a saying that nobody ever went broke betting against the next big thing. That said, the destabilization of the dollar may behave like a bankruptcy - slowly then all at once. It will appear as a rapid inflation.

All that said, the author makes a valid point that structural inflation allowed by dollar reserve status is not in the best interest of the ordinary Joe. However, the journey for the dollar from reserve currency to a role that requires no structural dollar inflation will be far beyond what the author expects - or what anybody expects for that matter. JMHO

24 posted on 06/30/2023 11:17:01 AM PDT by frithguild (The warmth and goodness of Gaia is a nuclear reactor in the Earth's core that burns Thorium)
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