The U.S. dollar will catastrophically collapse in the face of China's surging economy, according to one Wall Street legend....
  • 小莱卡@lemmygrad.ml
    ·
    7 months ago

    Its pretty funny how allergic to dialectics these people are.

    Dedollarization is a process that has been developing for quite some time, it is still years away from having qualitative impacts but it is happening nonetheless. This is not suddenly going to happen tomorrow, the dollar is not going to "catastrophically collapse" 😂 thats a pretty funny statement.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
      ·
      7 months ago

      Exactly, and the first steps are always the hardest. Once the initial challenges of establishing trade in local currencies have been solved, then we'll just see increasingly more trade happening outside the dollar. As you say, it's not going to happen overnight, it's going to be a gradual process.

  • ULS@lemmy.ml
    ·
    7 months ago

    Good thing I have $100 worth of Bitcoin. Its going to be worth billions.