China has no chance to replace the buck as reserve currency.
I fully expect to see digital bucks. We may be looking at some sort of hybrid two buck system. One internal and one external like China.
How to coordinate a digibuck with the other digibucks is my question. What will be par? What will be the mechanism to trade? And of course, WHO gets to decide value and holds the reins?
It is already digital bucks in my life.
Have not used paper currency in 10 yeadit rs.
Only use quarter dollar coins to obtain shopping cart at Aldi grocery store. Even vending machines take credit cards.
We should go back to the tulip mania economy.