this post was submitted on 04 Feb 2025
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That's becoming less true year over year though. Excessive debt can make it less attractive as a standard in addition to the growth of both the Euro zone and BRICS.
True enough. And Trump could very well accelerate that with his economic temper tantrums. Still, I don't know what currency BRICS would settle on; certainly not the ruble, not after Putin cratered the whole country's economy. The yuan?
What they settle on isn't too important other than it won't be the dollar.