this post was submitted on 07 Nov 2024
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[–] rabber@lemmy.ca 107 points 1 week ago (22 children)

Canada here - my boss made a prediction today that the world will now start to shift towards another currency such as the Euro and I never thought about that possibility until now. Rome used to be the world currency until it fell.

[–] DandomRude@lemmy.world 49 points 1 week ago (13 children)

If the dollar were no longer the international reserve currency, the US would be in serious economic trouble, if not bankrupt. However, I don't think that will happen because the US will probably not shy away from preventing it by force with its gigantic military machine. I don't think that's very far fetched, considering what happened to Iraq after Saddam announced in 2000 that he would sell oil in euros instead of dollars. It is of course difficult to prove that this was actually the reason for the US invasion of Iraq - but weapons of mass destruction, the alleged existence of which was put forward as a reason for the war by the US, were in any case demonstrably non-existent.

[–] slickgoat@lemmy.world 5 points 1 week ago (1 children)

I can't see the US invading Germany or the UK if there was a shift to the Euro. Let's face it, Trump's hostile takeover of democracy isn't actually reassuring to the rest of the world. The globe isn't necessarily going to willingly be held hostage to seven US swing states every four years.

[–] Alenalda@lemmy.world 3 points 1 week ago (1 children)

Look at the optimist overe here thinking there will be elections in 4 years.

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