The argument that the erosion of the dollar’s global status could benefit the US is gaining traction in Washington. That move would be a needless act of self-harm.
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How?
Some kind of international organization needs to issue and manage a reserve currency. Maybe the world’s various banks need to come together and form a global central bank that issues the currency.
They’re called SDR and issued by the IMF and aren’t used by anyone. Next best thing is gold or bitcoin
SDR isn’t a currency, it’s a reserve asset. I know you might be thinking, “well, gold is a reserve asset and a currency,” but go down to your local supermarket and try paying for your groceries with like 1/10 of an ounce of gold and see how that works out for you.
