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29 sats \ 0 replies \ @Solomonsatoshi 17 Apr \ parent \ on: Is Dollar Dominance Good for the U.S.? (Economic Forces, Josh Hendrickson) econ
You may not have studied mBridge and the large number of BRICS nations who already have operational CBDCs or are about to have one operational within the near future.
Trump threatened BRICS members with overwhelming sanctions if they dare implement their alternative to SWIFT/USD hegemony.
Trumps threats are looking less and less credible and more and more like a joke.
Global trade is dominated by China and mBridge enabling swift, cheap and reliable cross border payments renders the USD hegemony obsolete.