The dollar and the future
It is everyday more and more tempting to relate the increasingly greater vulnerability of the American currency, which seems to be getting closer to the end of its cycle as a reserve currency, with a possible scenario in which the next currency that has been touted for some time to replace the dollar, the Chinese e-yuan, does not have the favor of the international community and causes an increasing use of the most widely accepted cryptocurrencies instead.
It is evident that China wants to “sinicize the world,” and in fact, with many of its initiatives, it has already succeeded in having many countries carry out their transactions using e-yuans instead of the American currency. The problem, obviously, lies in the coincidence between the functioning of a country that is already not democratic and seems to have a certain obsession with information control, with the use of a CBDC, a digital currency issued by its central bank, which makes it possible to carry out that control to its ultimate consequences. The Chinese government provides weekly evidence of having a high level of arbitrariness and interventionism in its decisions, another…
