(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsEverything Apple Plans to Show at WWDC: XR Headset, iOS 17 and MoreBrazil and China recently struck a deal to settle trade in the

(Bloomberg) – All around the world, a backlash is brewing against the hegemony of the US dollar.

  • zephyreks@lemmy.caEnglish
    43·
    1 year ago

    Fuck the dollar. Nobody knows why the Euro couldn’t do shit to supplant it.

    • Korkki@lemmy.worldOPEnglish
      41·
      1 year ago

      Fuck the dollar. Nobody knows why the Euro couldn’t do shit to supplant it.

      I was designed so that it could not. One primary mechanism is that there are stricter limits to money printing with Euro. One needs money surpluses to send to the world if one wished it to be used in third party trade.