| ▲ | matwood 4 hours ago | |
> but it is likely that the USD will lose reserve currency status To what though? Even if we accept the US and USD have issues, there is no other currency even close to be able to step in. | ||
| ▲ | mikewarot 23 minutes ago | parent | next [-] | |
It doesn't matter who/what gets it next, what's important is that we're about to take a 60-80% haircut on our standard of living. It's what happened to the British when the lost it with the Pound Sterling, and now it's our turn. Most people don't remember what hard money is, and why it's important.[1] | ||
| ▲ | cjs_ac 4 hours ago | parent | prev [-] | |
To all the other currencies that are currently used as reserve currencies, other than the US dollar. There has never been a single reserve currency in the world. | ||