this post was submitted on 18 Apr 2025
27 points (100.0% liked)

Economics

2199 readers
32 users here now

founded 6 years ago
MODERATORS
top 5 comments
sorted by: hot top controversial new old
[–] hotelbravo722@slrpnk.net 8 points 8 months ago (1 children)

The USD losing reserve status is in my opinion going to happen within the next decade. BRICKS is too much of an economic powerhouse that the US can’t compete with. China alone outperforms the US when it comes to GDP. However I think in the long run it will be good for the US and others. We have all been coasting on an economy based off cheap access to energy and cheap access to credit. This has caused a huge moral hazard as people have unrealistic expectations on the cost of things and enables a consumptive lifestyle that is causing the rapid death of our biosphere.

[–] Dogyote@slrpnk.net 1 points 8 months ago (3 children)

What do you think would come next, after the USD loses its reserve status?

[–] Pilferjinx@lemmy.world 4 points 8 months ago
[–] fubarx@lemmy.world 3 points 8 months ago

Crypto as reserve currency. Strap on for the ride.

🤡

[–] hotelbravo722@slrpnk.net 1 points 8 months ago

I don’t know. Definitely not crypto as the energy demands on it make it infeasible. But a currency comes after an economic system is formed, we haven’t even addressed changing that yet so 🤷🏽‍♂️.