Post
Topic
Board Economics
Merits 1 from 1 user
Re: The End of "USD" as the World's Reserve Currency
by
Tytanowy Janusz
on 16/05/2020, 06:26:17 UTC
⭐ Merited by alani123 (1)
What are your thoughts? Will COVID-19 destroy the US' economy, leading to the rise of another reserve currency (especially when the US is the #1 country with coronavirus cases)? Or will the USD still thrive? Huh

My thoughts:
Not yet. Covid will pass and everything will go back to normal. But not for long. Domages made are irreversible and after 1-2 years of slow bleeding things will speed-up. Leading economy (most likely China) will choose new reserve currency (and settlement currency for markets llike OIL). It will free a huge amount of dollars that will flood the system and couse hyperinflation. I will buy 100 milion $ and use it as wallpaper in my room.