300 sats \ 2 replies \ @Undisciplined 4 Jan \ parent \ on: The Day The Dollar Dies? econ
It's a bit like the "When did Rome fall?" question. I think it's fair to refer to loss of global reserve status as death for the dollar, even if something called the US dollar still exists.
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309 sats \ 1 reply \ @siggy47 OP 4 Jan
I agree it's fair. I also think it makes sense to wonder whether something called the U.S. dollar exists. We have the Eurodollar, the petrodollar, and, maybe soon the bitcoin dollar after these etfs pass, as Whitney Webb has been warning about lately.
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200 sats \ 0 replies \ @Undisciplined 4 Jan
The only thing I'm pretty confident about is that there will be legal continuity between the current dollar and the post reserve dollar, because their whole grift is paying off dollar denominated obligations with highly depreciated dollars.
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