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submitted 1 year ago* (last edited 1 year ago) by Korkki@lemmy.world to c/world@lemmy.world

(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.

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[-] Korkki@lemmy.world 3 points 1 year ago

Fuck the dollar. Nobody knows why the Euro couldn’t do shit to supplant it.

I was designed so that it could not. One primary mechanism is that there are stricter limits to money printing with Euro. One needs money surpluses to send to the world if one wished it to be used in third party trade.

this post was submitted on 02 Jul 2023
66 points (92.3% liked)

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