6 states siding against a supreme court decision to deny access to federal authorities seems big, if thats happened in my lifetime I’ve not heard of it before
This is just the equivalent of rich kids who live off their parents’ wealth throwing tantrum. At the end of the day, nobody dares to cut ties from the family wealth. Sure, some might be crazy enough to do it, but most of the time it doesn’t end well for them.
No country is ever going to give up the dollar just to trade with Texas. Literally nobody. This is how the US impose its sanctions and embargo against Cuba and all the Bad Countries.
I see what you mean
fwiw I don’t think it’s happening anytime soon, but crises such as these repeating (growing larger each time) plus the US’ power globally declining = after a few decades, probably balkanisation, sure
BRICS Bank Aims to Increase Local-Currency Borrowing to 30%
- Dollar funding will continue to dominate, CFO Maasdorp says
But the majority of the bank’s funding — about 70% — will continue to be denominated in dollars, he said.
“The bank’s capital is in US dollars. Our reporting currency is US dollars. So the dollar is hot-coded in the DNA of the bank,” he said.
No shot. Everyone’s dragging their feet about de-dollarization at BRICS. My biggest disappointment of 2023, after all the encouraging talks about doing it during the 2022 summit.
I gotta be honest, nothing has made me despise dollar hegemony like your posting. Truly removed the blinders I had that had me coping re: BRICS
