pull down to refresh
0 sats \ 0 replies \ @Solomonsatoshi 16h \ parent \ on: How many years until fiat collapses? AskSN
Agree fiat has a way to go but the USD not so much.
5-10 years max.
China has won the trade war and all nations must trade with China or suffer loss of economic advantage.
https://unctad.org/topic/trade-analysis/chart-10-may-2021
Historically trade dominance precedes monetary hegemony.
China has already won the trade war.
Increasingly China enables trade payments outside of the IMF/USD/SWIFT system via Hong Kong and probably via its already operational CBDC which was designed to enable an alternative to USD/SWIFT.
With Iran and Russia already onboard only one more major energy exporter needs to move from USD to Yuan trade payments and the petrodollar begins to very swiftly unravel.
Trump is already ceding territory to Chinas military proxies, admitting US exceptionalism is now defunct - and once that snowball of appeasement starts its very swiftly all over for USD hegemony.