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.
Me too, I just hope to see the USD dethroned during my lifetime. If Michael Hudson is right, the entire US military machine that runs on the fact USD is the global reserve currency, would crumble with it.
I do think he's correct there. The ability to issue unlimited currency is premised on constant demand for the dollar. Once that demand starts dropping, then dollar based economy starts shrinking.
Me too, I just hope to see the USD dethroned during my lifetime. If Michael Hudson is right, the entire US military machine that runs on the fact USD is the global reserve currency, would crumble with it.
I do think he's correct there. The ability to issue unlimited currency is premised on constant demand for the dollar. Once that demand starts dropping, then dollar based economy starts shrinking.