The U.S. dollar is the most powerful currency that exists today. Yet, analysts have been warning the dollar’s impending doom since its original rise to prominence in 1971. As its share in the world’s reserve continues to decline, some experts worry that the dollar’s dominance may be under threat. So what would happen if the dollar were to lose its global reserve currency status? Watch the video find out.
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Why The U.S. Dollar May Be In Danger
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Why The U.S. Dollar May Be In Danger
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Francisco Gimeno - BC Analyst Historians specialised in economy and finances find that the dominance of a global currency is about 200 years. The status of the USD as a global currency is closing to this average, and there are many signs which could be read as pointing to its decadence. This should be, Black Swans allowing, a long term decline, so we have time to adapt, and in front there will be radical changes, whether to another fiat currency or else to a crypto or similar digital global currency for the 4th IR. Meanwhile, USD is king, even if the Empire is tumbling.