This rant might be a little disjointed…

So, a tectonic shift is happening. I would say this is the end of globalization as we knew it. It could entail both the fragmentation of the World into various civilization clusters but also new ways of international interaction. Perhaps this is not the end of globalization but rather a Western oriented globalization. The BRICS is sort of a rebellion of the rest against the West.

Dollar might be the most used foreign currency at the moment but the US government has been using the dollar to punish countries that misbehave. Russia and Iran have a direct interest at dedollarization. China and Saudi Arabia are looking for alternatives that they could employ should they find themselves in a similar situation. But a large part of the World have their heads deep in America’s arse.

There really is only one currency for an ecosystem. And it is going to be either the dollar or the BRICS digital token if they launch something like this. This idea made me a BTC maximalist. There really should be one currency to rule them all, and due to the vanity of the national governments there isn’t. The Euro has been a project aiming in that direction but the Euro is a crap currency and it in my opinion keeps Mediterranean countries poor.

Equality and neutrality are important. We lived for a long time in an unequal World, where the West issued the currency, and set the prices, and this World is coming to an end. Grain will be traded at exchanges outside the US, and other commodities will be traded without Western input. The West will lose its advantage but I am not certain how quickly the adoption of the new system would be. Would countries like Saudi Arabia, Japan, or the countries of Europe ditch the dollar, will they use it alongside whatever arises from BRICS?

Murica is still the largest economy per capita at least. It is the leader in energy, AI, and aerospace. It has a large network of vassals that suck up to it out of fear or awe. Historically, the global currencies were dethroned by wars. The Spanish Hapsburgs that introduced the dollar to the World (the dollar has its origins in the Bohemian mining town Joachimsthal, the Thaler became the dollar) became bankrupted by Wars of Religion in Europe, the Dutch lost war to the English. The Second World War has weakened Britain so much they gave in to Americans. So, will there be war?