I guess it isnt just the USD that is important. It is the government and the banking system that is behind it.
True. It’s really that stuff that backs the dollar, more than the way it’s managed.
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Yes, the swift money system. I wonder what they will do with the brics? China or russia or idias system?
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I don’t know, but I’m expecting it to be a huge mess.
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I dont know if they have a monetary system to back up all the transactions... Will be interesting to see in the near future.
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They don’t, and they can’t agree on what kind of system to adopt or how to share control over it.
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The sharing control will be the major part. China has 40% of it, but I think they will need to all put in more if they want it to be the international money.
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