/biz/ - Business & Finance

>>54227462
>Fiat currencies are here to stay and as of now there's no viable alternative to USD.
Riddle me this then; what happens if the US can’t enforce the dollar as a reserve currency? Or, what happens when a different natural resource, such as rare earth minerals, becomes more valuable than petroleum?
Where would the US dollar draw any value fro? The US has spent decades giving its enemies the Serbia treatment, and it’s allies the Nordstream treatment. I doubt many countries would still want to be dependent on that country, much less affiliate with it.
Treating the rest of the world as a punching bag by relying on natural resources that cannot be maintained consistently, such as waning military power and a resource rapidly decreasing in importance, has consequences.