I doubt it’ll be any of the BRICS currencies, although my only knowledge of that stuff is what I get from Peter Zeihan vids on YT. His rather amusing take on that is that each nation only wants to be in it if they can run it, which obviously isn’t going to work. The Euro is already proven to work across multiple nations and 32% more people than the USA, it’s only idiots like us Brits that won’t use it “bEcAuSe SoVeReIgNtY”.
Watching the dollar crash will certainly be interesting…
I’d rather have currency sovereignty. The euro is cute if you’re a large country in the “free” trade region that supports it… otherwise it just means local produces unable to compete with scale economy and the slow dismantling of your country’s production and transformation into a services country. Yay europe. But let’s blame China instead.
I doubt it’ll be any of the BRICS currencies, although my only knowledge of that stuff is what I get from Peter Zeihan vids on YT. His rather amusing take on that is that each nation only wants to be in it if they can run it, which obviously isn’t going to work. The Euro is already proven to work across multiple nations and 32% more people than the USA, it’s only idiots like us Brits that won’t use it “bEcAuSe SoVeReIgNtY”.
Watching the dollar crash will certainly be interesting…
I’d rather have currency sovereignty. The euro is cute if you’re a large country in the “free” trade region that supports it… otherwise it just means local produces unable to compete with scale economy and the slow dismantling of your country’s production and transformation into a services country. Yay europe. But let’s blame China instead.
Isn’t that a old Chinese curse? ‘May you live in interesting times…’ Hold on to your hat!
It would probably work out ok for the UK if they used the Euro, but it’s still useful to be able to dictate fiscal policy.
Very much so. People forget that the Euro comes with strings attached.