I see three major *currency* blocks by 2033:
1. The US #dollar: fiat currency; backed by the US military
2. The #BRICS note: backed (at least partially) by #gold
3. #Bitcoin: the people's money
Most other fiat currencies that currently exist will be irrelevant or nonexistent.
Do you have a timeframe for these to dwindle to 2 or 1?
“blocs”
How do you see the BRICS running on federated Layer2 ? Simil or on top of Liquid ?
It remains to be seen.
BRICs will be back by gold in rhetoric and sure those central banks hold gold but it’ll never be an honest peg imo.
A very: “trust, you’re not allowed to or able to verify.” situation.
Agreed.
I’ve been long trying to envision how the collapse of 140ish supposedly “sovereign” currencies plays out.
I can’t see it happening, over years, without a complete disruption of the monetary order.
People - real, ordinary people - don’t just ‘switch’ to new money.
In my mind its 20+ years of monetary earthquakes.
BRICS note is never going to be a real thing.
Fiat money is everything about trust, and BRICS countries don't trust each other at that level.
PS: backed partially by gold is an illusion, as it also has to be trusted, as it's not possible to verify it.
Europe and Uk implode before 2033? 😅
