Post
Topic
Board Economics
Merits 2 from 1 user
Re: The End of "USD" as the World's Reserve Currency
by
abhiseshakana
on 16/05/2020, 07:03:39 UTC
⭐ Merited by Tytanowy Janusz (2)
I am among those who hope that the dollar will no longer be an international currency, but in reality, there is no country as strong as the United States today. Although in terms of trade and finance, American domination has been shifted by China, but the Dollar still controls more than half of global foreign exchange reserves. While the Euro is only one-third of the dollar portion while the Yuan contributes one-hundredth of a dollar portion.

The main legitimacy of the dominance of the American currency in the world is MILITARY POWER. The number of countries in the world is around 200 but America has almost 800, military bases outside the United States, besides that the US military budget is super WOW.

America is a country whose grand plans strategy has not changed since the first world war namely control of world wealth and America will keep it forever in American hands. America with the shadow's support is a force too big to conquer. China is indeed now challenging America but China itself with OBOR is happier if the dollar strengthens and even deliberately often weakens the Yuan currency for trading profits.

Germany and Japan as countries losing the war in the shadows of the United States while Europe also needs America to balance Russia's power, if the third world war really flares up.