Thread

1. Arubis · 1789753289 · focus · HN ↗

   Dedollarizing the world economy has more net losers than the US (though that's the obvious one).

   It's not without its benefits -- over the last couple decade, the US has found ways to weaponize access to USD, so if you're not a fan of having a country other than your own able to effectively regulate or sanction you and your business, there's some niceties here.

   Being able to trade and invest in a stable, highly liquid, easily converted, low risk currency was a net win for most of the world for about half a century. There isn't an obvious replacement, so we'll just see more friction.

   1. marcosdumay · 1789757573 · focus · HN ↗

      Dedollarizing the world is enormously harmful for almost every country on the short term. That's why nobody really tried before Trump got back.

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