☆ Yσɠƚԋσʂ ☆@lemmy.ml to World NewsEnglish · 8 months agoSeizing $300B of Russian Assets May Be a ‘Cataclysm’ for Dollar System, Nobel Prize Winner Sayswww.ccn.comexternal-linkmessage-square12fedilinkarrow-up129arrow-down15cross-posted to: worldnews@lemmy.ml
arrow-up124arrow-down1external-linkSeizing $300B of Russian Assets May Be a ‘Cataclysm’ for Dollar System, Nobel Prize Winner Sayswww.ccn.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to World NewsEnglish · 8 months agomessage-square12fedilinkcross-posted to: worldnews@lemmy.ml
minus-squareComradeChairmanKGBlinkfedilinkarrow-up24arrow-down1·8 months agoFiat currency relies entirely on trust. If countries can’t trust the US to honor the integrity of their funds why would they ever keep USD?
Fiat currency relies entirely on trust. If countries can’t trust the US to honor the integrity of their funds why would they ever keep USD?