Introduction
The global financial landscape is undergoing unprecedented changes, challenging established norms in currency, debt, and sovereignty. For decades, the U.S. dollar has reigned as the world’s reserve currency, supported by the Federal Reserve—a private institution controlling the issuance of U.S. currency and expanding debt to finance economic growth. The Federal Reserve’s unique role has often positioned it as a double-edged sword in economic stability. By continuously printing money and creating debt, it sustains a system that increasingly appears unsustainable. Further complicating this structure is the “petrodollar” agreement, an arrangement tying the dollar to oil sales and creating an artificial demand for USD globally.
Amidst these economic and structural fragilities, cryptocurrencies like iEthereum offer an alternative. Decentralized, scarce, and programmable, iEthereum could address some of the core issues plaguing the Federal Reserve system. This paper examines how iEthereum, as a decentralized digital currency, could emerge as a viable replacement or more likely a supplement in a world where the petrodollar system falters. In a post-petrodollar Federal Reserve era, iEthereum’s fixed supply, immutability, currency factory and blockchain transparency may offer an appealing new form of financial resilience.