• Buffalox@lemmy.world
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    9 hours ago

    greece nearly drug down the EU when theirs popped off,

    Erh no! Don’t trust the sensationalist stories about the Euro collapsing for this or that reason. Those stories are always without merit, my guess is they serve a purpose for speculation or are just sensationalist stories.

    USD is the cornerstone to the entire western financial system

    What are you smoking? It doesn’t make a hoot of difference to the rest of the world to trade in another currency. But more likely than not, it won’t be a single currency replacing USD, it will be a basket of currencies where USD will probably be a part.
    In Europe the Euro totally dominates the financial market and has done for years. I think you mean the currency for trade, and for that the Euro obviously dominates in Europe.

    • IronBird@lemmy.world
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      9 hours ago

      there’s so much wealth/debt obligations tied up in USD, your the one smoking something if you think a US sovereign debt crisis finally popping off doesn’t drag a large chunk of west down with it.