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I'd say EU is the best spot. But I may be biased. But IMO EU stands for reliability economically, and in political direction, and in respect for its citizens and in international relations.
With China we have seen the system can make harmful interference as we saw with Jack Ma. So for me China is not an option either. It's actually worse than USA, although not by much.
but what is even the method, if the us currency is cooked what make world work then?
The USD is the most used reserve currency, that will probably remain the case for a while yet, but it will probably decrease, and other currencies will be used more.
That's not a problem for the world, only for USA. As it will make it necessary to print less money, and/or increase interest rates to stave off inflation. This will of course make USA a bit poorer than it would have been otherwise.
How dramatic the effect will be obviously depends on the speed this will happen at. I think it will be slow, so not very dramatic.
But I don't think Trump understands the privilege it has been for USA to have the world leading reserve currency.
just the turmoil from moving from one to the other. Then lets say EU takes off, but they get psy-oped to FAFO also. Where does it end when in this current climate that there is no centralized barometer of value?
Uhh yeah, that's absolutely a problem for the world. You literally just said USD is the most used reserve currency (also, the basis for the petrodollar at the moment). Of course changing that is going to affect "the world".
I never claimed it wouldn't affect the world, only that it wouldn't be a problem, it just means selling off USD to buy other currencies to trade with instead, that is obviously not a problem. Only USA will be affected negatively by their currency being sold and losing value. If this happens fast the USD will plummet. And that will probably mean vastly increased interest rates and inflation in USA.
You're naive if you don't think other nations will suffer when the USD fails. We're in a global economy, and our currency is basically considered the world's reserve currency. That means that other nations have USD. What do you think happens when the dollar fails?
Are those nations somehow indemnified against losses in some way I'm not aware of?
Nah we are just selling off USD we don't need anyway, in exchange for other currencies that have better value to us.
The USD has already dropped 10% to the Euro since Trump became president. That's the lowest since 2021!
We are in a worldwide, interconnected economy. You cannot crash "the world's reserve currency"/Petrodollar without creating some massive ripples (or more like tidal waves) throughout the world economy.
Maybe not, but when the dollar declines, everything else is up relatively. so the losses on dollars are recouped in increase in native and other currencies for those countries.
Unstable markets are generally unhealthy for everybody, but obviously a declining US economy is worst for USA.
Trump actually want the dollar to decline, he thinks USA can export more and import less, and he is getting what he asks for. But it will mostly be import less, and not so much export more.
The US trade war (tariffs) are way more serious than the declining dollar.
Everybody else is already increasing activities around USA.
If the dollar remains stable it doesn't make a hoot of a difference to change our reserve currency to something else for anybody else but USA.
For Europe to change it to Euro would be HUGELY beneficial. For everybody else it doesn't matter.
If Saudi Arabia sell oil for Euro instead of USD to Europe that's a HUGE advantage for Europe.
If they sell to other countries for Euro instead of USD, it makes no difference for either party.
But USA will in both cases have to buy their own dollars back, and that will make the dollar fall.
Do we (the rest of the "free" world) want this? No!
Did we ask for this? No!
Did we cause this? No!
Did USA cause this? Yes.