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For over 60 years, the dollar has been the world's key currency, underwriting a good deal of American prosperity and influence in the world. Over the next decade, it will decisively lose its exalted status.
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Shadi Katyal
1 decade agoThe dollar as a world trading currency has nothing to do with US Dollar per se.
Like Pound sterling in the past, it is a trading currency and world has accepted it an exchange for goods and service.
What have we on the horizon to replace it.Kindly name one currency. EURO has no central bank. Chinese currency is unacceptable and yen we all know about it.
Yes for US goods with Dollar devaluation will be cheaper to export and imported goods will be expensive but I fail to understand what is the hulla bloo about Dollar except just inner fear of the writer