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@cgclick
Do you think we are going to see the US dollar replaced by a new global currency? If so, what and when?
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@augustuscaesar
In our lifetimes we will see the dollar lose relevance. I think De-dollarization is coming. Regardless, the relevance lost can look many ways. I’ll be more accurate after the coming debt crisis.
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@cgclick
Any thoughts on what replaces it?
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@augustuscaesar
Businesses however will use a debt backed currency. Something I heard of from an economist. The greenback will be the standard dollar, but the “goldback” would be a yield bearing dollar because it is a fractionalized treasury. Like paying rent in debt backed currency. Crypto is hard to imagine. But it will be.
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This is an interesting take
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