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Monday, April 17, 2023 10:27:41 PM
https://www.marketwatch.com/story/the-u-s-dollar-is-under-fire-from-rival-nations-what-happens-to-markets-if-the-greenback-loses-its-world-dominance-d48ad5e6?mod=home-page
"Deutsche Bank’s Ruskin cited a long list of factors required for another currency to compete with the dollar. They included: an economy that’s open to the ebbs and flows of international trade and foreign investment, a liquid bond market that’s open to foreign participation, the acceptance of an exchange rate that’s set by the market, confidence in the rule of law, political governance and financial regulation, along with a few other factors.
It’s difficult to find another currency that satisfies all these requirements.
While describing the dollar’s status, Bannockburn’s Chandler used the acronym “TINA“ — shorthand for “there is no alternative.“
“There just aren’t any other options out there right now,“ he said."
Unless you listen to a metal salesman of course........
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
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