Isn’t that a old Chinese curse? ‘May you live in interesting times…’ Hold on to your hat!

Cool. Thanks for that info.

I hope. Maybe Euro, maybe PRC’s renminbi. We’ll see.

I just wondered, give how US dollars is world’s ‘reserve currency’ (since 1944 Bretton Woods pact), how its crash might affect the whole of global trade (it must hurt more than failure of a national currency like Zimbabwe’s since it is a reserve currency and has a special role in the world). Will we get another reserve currency or has the world economy changed so much that we will get a new way of doing business with no reserve currency or multiple competing reserve currencies? I think we are in uncharted territory so its hard to predict…

“If anyone says they’re a libertarian, I just shrug and leave.” - Atlas In His Own Words

The problem is the dollar. While international trade is in US dollars, US can dominate global economy. But Trump is trashing dollar and promoting crypto. How long will the dollar remain default currency? I think when dollar loses its value, USA economy will crash harder than any crash in history. Wheelbarrows of dollars will not buy matches. Will another traditional currency replace the dollar or is dollar’s fall a sign that the old system no longer works for any currency. How does economics function after money fails? Are we all going to have to use crypto? How does that work? I hope some expert in economics has worked out a plan. I doubt they have though, this is all unchartered territory.

This is a worry for me. I opened an ebay.co.uk account in 2004. You had to pay for purchases via Paypal. I had all sorts of problems using Paypal and customer care was lousy. I started looking into Paypal and decided it was unethical. I opted out. Ever since, I have been looking for more ethical financial services. When I cannot find them, I just do without stuff.

Right now, I have allegedly ethical bank accounts with Co-Op Bank (UK), Smile Bank (UK) and Triodos (EU). I have a savings account with a community-run credit union (UK) and a prepaid debit card account through my trade union for online purchases (UK). This is good enough for UK-based activity. But I often need to send money abroad e.g. to charities in other countries or to support podcasts or creatives based abroad. I am asked to fund via USA resources like Patreon and I refuse. I want an ethical alternative.

I want to see each nation (or groups like the EU) create its own local resources and make them compatible with other nations via some exchange service that guarantees secure, quick, ethical transactions. I am glad EU is starting to do this, it is decades overdue. I guess UK will drag itself forward eventually but only after we get a government able to live in the here and now instead of the C20th like Starmer does - I suspect he has not had a new idea since 1995. He’s younger than me but his mental processes make him seem like my grandfather. Oh, for some young people in government!

P.S. Hello, Media Storm, UK prize-winning investigative journalism podcast. You are great but I cannot fund you as you use oligarch-owned Patreon and communicate only via oligarch-run Instagram or gmail - if you read this, set up some UK-based, ethical comms or funding account and I will set up a monthly subscription. I will email you about this using mediastormpodcast(at)gmail.com but I resent it.