The Global Dollar Short Squeeze
What could change things? As other economies grow and become more open, they may be both willing and able to take on the role of a reserve currency. China obviously comes to mind here. Change could also come about if the world comes to have concerns over the health or management of the U.S. economy. The large and growing pool of U.S. debt, now
... See moreRichard Haass • The World
Central banks are going to continue buying gold and dumping USD. It’s really hard to see any evidence that USD hegemony is going to comeback. 💵📉 https://t.co/X7pkSR27nd
At least in principle, the dollar could be replaced by another currency, a number of them (a basket), a new international currency, a cryptocurrency, or some combination. It is remarkable that even during the global financial crisis of 2008–2009, which started in the United States, the dollar rallied and remained the favored currency for investors.
... See moreRichard Haass • The World
