There is the SDR of the IMF. So Western WEF countries can release a sigh of relief.
However, ... for those countries not interested in another Deep State control mechanism, they can simply make bilateral trade agreements based on their own currency interest, and for cross border settlement, set up a different scheme.
However, in a currency war, with the several economical systems at war, it is easy to see how a resource based economy is better off.
You do not need a reserve currency. STATES and big corporations use it to hedge their bets and to extract more value from the People of the country who's currency is considered reserve currency. It is a money making scam, at the detriment of the locals.
Currency is paper, and in the majority of cases 1 and 0 in a database. Erase the database, and the currency comes to an end, and then only three items remain:
There is the SDR of the IMF. So Western WEF countries can release a sigh of relief.
However, ... for those countries not interested in another Deep State control mechanism, they can simply make bilateral trade agreements based on their own currency interest, and for cross border settlement, set up a different scheme.
However, in a currency war, with the several economical systems at war, it is easy to see how a resource based economy is better off.
You do not need a reserve currency. STATES and big corporations use it to hedge their bets and to extract more value from the People of the country who's currency is considered reserve currency. It is a money making scam, at the detriment of the locals.
Currency is paper, and in the majority of cases 1 and 0 in a database. Erase the database, and the currency comes to an end, and then only three items remain: