Originally published via The Daily Bell: Already, 2023 has been a brutal year for US geopolitical hegemony — and it’s not even halfway over. An unprecedented wave of “de-dollarization” is sweeping the globe. De-dollarization means countries which have used the US dollar for international trade since WWII are actively adopting alternatives, threatening to end to the US dollar’s global reserve currency status.
"the multinational corporate state in charge of the West"...
First, this is so true and tragic. I unfortunately cannot see any type of arrangement in which regular people might prevent absolute tyranny (which only centralized governments can enforce). This is why my broken record is: Decentralization (i.e., small governments with limited power).
Second, a very tangential comment after a long time listening to what the "populist left" wants:
It is absolutely not (at all!) the case that everyone against the multinational corporate tyranny is defending freedom. In particular, the lefties simply want to replace "multinational corporate tyranny" by "proletariat tyranny". Lefties - the enemies of your enemy - are not your friends.
Sometimes the enemy of your enemy is your friend, though, right? From a purely strategic perspective. Uncomfortable alliances are often made in pursuit of a common goal.
This promises to become more interesting by the day. One can understand that the BRICS Nations will find it easier to trade amongst themselves if they adopt a common currency to perform the role which the Dollar performs in SWIFT. I suggest that that function would be ideal for Bitcoin.
I am a huge fan of Bitcoin but, in my admittedly limiting understanding, Bitcoin isn't currently viable for the kind of frequent transactions that the dollar is currently used for. But I am open to being proven wrong.
"the multinational corporate state in charge of the West"...
First, this is so true and tragic. I unfortunately cannot see any type of arrangement in which regular people might prevent absolute tyranny (which only centralized governments can enforce). This is why my broken record is: Decentralization (i.e., small governments with limited power).
Second, a very tangential comment after a long time listening to what the "populist left" wants:
It is absolutely not (at all!) the case that everyone against the multinational corporate tyranny is defending freedom. In particular, the lefties simply want to replace "multinational corporate tyranny" by "proletariat tyranny". Lefties - the enemies of your enemy - are not your friends.
Sometimes the enemy of your enemy is your friend, though, right? From a purely strategic perspective. Uncomfortable alliances are often made in pursuit of a common goal.
This promises to become more interesting by the day. One can understand that the BRICS Nations will find it easier to trade amongst themselves if they adopt a common currency to perform the role which the Dollar performs in SWIFT. I suggest that that function would be ideal for Bitcoin.
I am a huge fan of Bitcoin but, in my admittedly limiting understanding, Bitcoin isn't currently viable for the kind of frequent transactions that the dollar is currently used for. But I am open to being proven wrong.