There Is No Alternative (TINA) to the fiat dollar ?
The dollar's archaic SWIFT transfer system is slow, expensive, and ties up global liquidity for days. And using the SWIFT payment system means western banks can outright steal any countries' capital silly enough to be exposed on the west's fraud. But the world has rapidly changed their financial payment systems in each BRICS+ country that are utilizing Digital Ledger Technology (DLT) and are now being interlinked for cross border payments utilizing local currencies. Even Zimbabwe is years ahead of the United States, which is stuck on stupid, on digitizing their economy. Heck, the US' Security Exchange Committee is dead set on destroying DLT in the United States by over stepping their congressional mandate to regulate by confusion and plausibly deny misconduct while clarity is discovered in the courts. Ain't that Congress' job? To Legislate laws for legal clarity? Being the exceptional nation does indeed carry a heavy price.