Why the De-Dollarization Won’t Happen Any Time Soon
<p>The Australian dollar is valuable because you can buy lots of things with it (but not only, see below).</p>
<p>The Venezuelan bolivar is not valuable because you cannot buy anything valuable with it.</p>
<p>That’s it.</p>
<p>That’s what a currency is.</p>
<p>A currency is only as good as what it can buy.</p>
<p>The day the Australian economy collapses will be the day the Australian dollar will lose its value.</p>
<p>The day the Venezuelan economy starts producing valuable stuff again will be the day the Venezuelan bolivar will be valuable again.</p>
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