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etruong42 | 1 month ago

(As a US citizen self-identified moderate) I think I understand some of the intentions of de-dollarization. Being the reserve currency is an exorbitant privilege of forcing the world to allow the US to essentially print money that the world ends up using. It is not a privilege that "the average American" gets to enjoy for many, many reasons. It might be telling that no other nation is trying to fill that role of reserve currency with their own currency; perhaps it's not as much of a privilege as we might think. Given the political climate, both domestic and foreign, I think de-dollarization has large potential upside for the well-being of humans.

I see the US trying to position itself so that it is no longer the world power/world police, or at least significantly reduce the magnitude of the role it plays as the world police. This will bring about a new world order and upend existing diplomatic relationships which will bring about chaos and uncertainty.

I disagree with kidnapping Maduro and posturing to annex Greenland on the grounds of national sovereignty; I actually like the rules-based world order (even if I am not so attached to the USD being the reserve currency).

The actions of the Trump administration clearly and perhaps even intentionally puts the US hegemony at great risk and thus also invites much chaos. This, I still humbly see the possible upside. The Trump administration is also accelerating the deterioration of the rules-based world order. This, I do not particularly support, though I see the possible counterargument that this is only accelerating what was game-theoretically inevitable anyways.

discuss

order

mullingitover|1 month ago

The thing is, either some country is going to be the world's referee, or we're going to descend into a lot of regional conflicts with a million dead here, ten million dead there, forever, or we will see rampant nuclear proliferation.

My money is on the last possibility. Honestly that might be the best outcome, even if it's the riskiest. A nuclear-armed Ukraine never would've been invaded. A nuclear-armed Taiwan will never be invaded. A nuclear-armed Canada will never be invaded. At this point, honestly I'd heartily endorse giving Denmark a nuclear triad of their own.

RGamma|1 month ago

> even if it's the riskiest Future ancient history: How one loose screw ended the anthropocene.

We may fare better with super intelligent AGI as the ultimate referee. It is developed with similar urgency as nuclear weapons were after all.