The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen.
I think one big effect is going to be US economy shrinking, and with that we'll see US ability to project power fade as well. I expect this will be a self reinforcing phenomenon, because the weaker US becomes the more countries will slip out from under its thumb.
I think one big effect is going to be US economy shrinking, and with that we'll see US ability to project power fade as well. I expect this will be a self reinforcing phenomenon, because the weaker US becomes the more countries will slip out from under its thumb.