this post was submitted on 10 Jul 2025
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I think it's time for the ICC to start issuing arrest warrants for US leaders, their backers and their repugnant little think tanks
Member countries would have to divest from the dollar first. We got everyone to use our currencies as a form of stabilizing politics and now we have a group of bad actors using that to their advantage.
EUR is honestly a better reserve currency, more stable already.
About divesting from dollars - I dunno how hard this is. Probably would be better for the US to provoke it to signal that time is nigh. Because otherwise this can only happen very slowly.
Couple of issues here - first, for the Euro to be used as a reserve currency, the EU would have to be a net importer of goods (and exporter of Euros). But EU policy is based on avoiding deficits. Second, for the Euro to be taken seriously by other countries, there should be something manufactured by the EU, that can, at least in theory, be bought with it. But the EU's manufacturing sector, particularly in Germany, is collapsing.
Well. There was a time when currencies were to an extent interoperable, via a certain portion of silver called joachimstaler, or just taler, or yefimok, or dollar ... being approximately the same everywhere. Still, that was mostly used in colonies and in international trade, locally they'd use different incompatible currencies.