Oh yeah I agree I don’t think it will be avoided long term, I probably just think it will take longer than you probably think is all. And mainly I tie reserve currency to inflation, in that its current strongest property (due to the dollar slowly losing this status) is holding the floodgates of immense inflation back, not necessarily the insane trade leverage it once had
Right, it’s really hard to predict when the house of cards will come crashing down. One thing I’ve learned is that these things do tend to take a long time even after the inflection points are reach just because there’s a lot of momentum in the system.
We can also see how places like Brazil continue to function where majority of the population is immiserated. So, that supports your point that it could be a long while yet. I suspect what’s going to be the key factor is how rapidly the standard of living declines. If it’s gradual then, as you said, it’s entirely possible that people will keep adjusting to new living conditions without any mass opposition forming.
Oh yeah I agree I don’t think it will be avoided long term, I probably just think it will take longer than you probably think is all. And mainly I tie reserve currency to inflation, in that its current strongest property (due to the dollar slowly losing this status) is holding the floodgates of immense inflation back, not necessarily the insane trade leverage it once had
Right, it’s really hard to predict when the house of cards will come crashing down. One thing I’ve learned is that these things do tend to take a long time even after the inflection points are reach just because there’s a lot of momentum in the system.
We can also see how places like Brazil continue to function where majority of the population is immiserated. So, that supports your point that it could be a long while yet. I suspect what’s going to be the key factor is how rapidly the standard of living declines. If it’s gradual then, as you said, it’s entirely possible that people will keep adjusting to new living conditions without any mass opposition forming.