No. of Recommendations: 3
Well said.
Krugman has an opinion piece on the de-dollarization hysteria, but it's behind a paywall:
nytimes.com - Dollar reserve currencyBottomline, 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.
