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Trust in the US is eroding. Now the question isn’t if the dollar will lose supremacy: it’s when

⁨27⁩ ⁨likes⁩

Submitted ⁨⁨2⁩ ⁨days⁩ ago⁩ by ⁨cm0002@lemmy.world⁩ to ⁨economics@lemmy.world⁩

https://www.theguardian.com/global-development/2025/jul/16/trust-in-the-us-is-eroding-the-question-isnt-if-the-dollar-will-lose-supremacy-its-when

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  • TheDemonBuer@lemmy.world ⁨2⁩ ⁨days⁩ ago

    No one country should control the world’s reserve currency. There’s a reason Machiavellians want to capture the Federal government: it’s the most powerful government institution in the world. If you control the levers of the US Federal government, you control the world’s largest and most advanced army and the world’s reserve currency. I would certainly hope that any reasonable person would be able to see why that’s a huge problem.

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  • shortwavesurfer@lemmy.zip ⁨2⁩ ⁨days⁩ ago

    I have lost all trust in all fiat currencies and only hold dollars long enough to move them into Monero and have just a few for emergency purposes for quick liquidity if need be.

    I’m also active on a marketplace and help people price their goods and services directly in Monero.

    I’m also a holder of some gold in the form of goldbacks.

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