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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: PhoolishPhilip ✶  😊 😞
Number: of 15070 
Subject: Re: OT - De-dollarization
Date: 04/15/2023 10:58 AM
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Well said.

Krugman has an opinion piece on the de-dollarization hysteria, but it's behind a paywall:

https://www.nytimes.com/2023/04/14/opinion/dollar-...

Bottomline, Britain lost its reserve currency status and the pound is still fine. Replacing the dollar with the Yuan could happen, but then you'd have to trust a whimsical communist dictatorship with defending value. Ask BABA how that's going.

The US economy is still too large, and the dollar too central to global trade, and as a store of value, for it to be displaced anytime soon.
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