The main stakeholders are the US/NATO and BRICS. Could imagine them agreeing to mutually cut tariffs, use each otherâs national fiat currencies as a medium of exchange in trade with one another, but use neutral stores of value that are not subject to the whims of adversaries, namely gold and Bitcoin.
Discussion
Thatâs interesting. I wonder if an official deal can be brokered in this environment. It wouldnât surprise me if instead we got a bunch of unilateral/bilateral decisions to just quietly use their own mutually agreeable monetary media for settlement.
This failed horribly for Sadam when he tried to trade oil for euros, but I think the geopolitical landscape is significantly more multipolar now.
Agree. BW2 may very well arise naturally as a result of market forces, rather than via top-down, explicit agreements between nations.