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re: How likely is the USD to lose its world reserve currency status?
Posted on 3/27/23 at 1:58 pm to Yaboylsu63
Posted on 3/27/23 at 1:58 pm to Yaboylsu63
We are moving toward a two-system world economic order similar to the cold war but with both sides being near-peers economically and more countries playing both sides. Countries will use less USD over the rest of the decade, but they will be hard pressed to find a viable alternative. There will likely be alot of economic and geopolitical turmoil as we transition to the duo-polar world order. Ultimately the USD alternative order may fail and collapse in just a few years, it may fail due to a massive war with the victor determining it’s will, it may succeed and eventually replace the dollar. All of that to say— the USD will likely diminish over the next seven years, but it’s ultimate fate as the most common reserve is unlikely to be settled anytime soon.
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