Start by listing the desired characteristics of a global trading currency, then identify what alternatives exist.
Truth is, there are none.
Start by listing the desired characteristics of a global trading currency, then identify what alternatives exist.
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You said it with your words- a currency backed by commodities and goods. Oil, energy, metals, food, Gold, etc…the US and Russia has the resources, however Russia beats the US in every sector. Brics has discussed ( and others) commodities based currency, not like the US which is currently based on debt.
The US could be the largest exporter, but Senike Joe and the Greens have shut it all down.