The USD losing reserve status is in my opinion going to happen within the next decade. BRICKS is too much of an economic powerhouse that the US can’t compete with. China alone outperforms the US when it comes to GDP. However I think in the long run it will be good for the US and others. We have all been coasting on an economy based off cheap access to energy and cheap access to credit. This has caused a huge moral hazard as people have unrealistic expectations on the cost of things and enables a consumptive lifestyle that is causing the rapid death of our biosphere.
What do you think would come next, after the USD loses its reserve status?
Bottlecaps
Crypto as reserve currency. Strap on for the ride.
🤡
I don’t know. Definitely not crypto as the energy demands on it make it infeasible. But a currency comes after an economic system is formed, we haven’t even addressed changing that yet so 🤷🏽♂️.