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by triceratops 442 days ago
But now everyone has the same problem getting dollars because everyone's got tariffs. The EU and their non-American suppliers. If said suppliers need dollars to pay back dollar-based debts, and those debtors aren't in the US, then they are also tariffed. Maybe they're all open to re-denominating debts and contracts in a currency that is easier to obtain and spend.
1 comments

Sure, there is a greater incentive now to depart the dollar system.

But that would be a monumental shift and the path to that goal is a nightmare with all kinds of challenges.

Rewiring the entire system would take a decade or more.