My QAnon-brained coworker is trying to convince me that Texas is joining BRICS and we're going to go back to the gold standard. Also this man is heavily invested in the Iraqi dinar currency. He obviously couldn't explain what any of that meant, so I'm coming to the one source I can trust; strangers on the internet. What the hell is gonna happen?

  • AHopeOnceMore [he/him]B
    ·
    1 year ago

    Dedollarization is happening faster than previously expected, but will still be slow because so many countries still need to sell things and get USD back - including anyone exporting to the US. Also many countries already have a big backlog of USD or debts in USD and it will take time to trade it out without crashing their economies.