The Global Dollar Short Squeeze
For the US Dollar, all of these factors can be boiled down to the direction of commodity prices. This relationship is special to the US Dollar, and isn’t shared by any other currency. It is not due to the fact that the US is a large consumer of certain resources as the correlations don’t change when the US is a net exporter of oil, for example
Peter Farac • A New Commodity Bull Market Must Come With a Weak US Dollar
Emerging markets are responsible for the majority of marginal economic growth and commodity demand growth in the world, since they collectively have a larger population and have far less per-capita commodity usage as a starting point compared to developed markets. Emerging markets also have a lot of dollar-denominated debt, which is lent to them fr
... See moreLyn Alden • Deep Dive: Emerging Markets
My opinion is that should the US dollar fail, or lose in a global conflict, there is a possible competitor to the dollar, but that this isn’t enough to supplant the dollar as the global reserve currency. At least not within the next decade, which is what matters to most reading this. The BRICS system doesn’t have the unique economic requirement, no... See more