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The dollar's dominance is devaluing currencies outside of the U.S. and further limiting the ability of other countries to pursue economic policies.
Nevertheless, the U.S. is shifting its economic burden to the rest of the world through the dollar, with the logic that it's all about America.
I wonder how much longer the current monetary system can be maintained.
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In 10 years, I think we're going to be in the digital currency space.
We need to prepare
50 years
Thanks for the great article
I think it's the same as my usual opinion that the economic burden of the United States is being transferred to the rest of the world through the dollar. The rise of alternative currencies may be a problem, because so far they have not secured enough trust and stability to replace the dollar... I don't know if the BRICS countries will build a CBDC-based payment network. The CBDC is also suspended, so the future of the economy is always changing in seconds.
I agree with you, but I'm not sure about the CBDC itself as it will be more centralized.
I especially liked what you said about shifting the economic burden to the US by exporting dollars. Thank you.