Post
Topic
Board Economics
Re: The End of "USD" as the World's Reserve Currency
by
SvonioneFromMangoCoinz
on 19/05/2020, 08:42:05 UTC
As a result of the COVID-19 pandemic, we're entering a recession in the world's economy. The US and some other countries are printing money like crazy, leading towards the inflation of national currencies in such a short time. For long, the US has been the leading economy where many countries rely on the USD as the reserve currency in the world. But all of this may soon change, as people are starting to lose trust in The FED. As the US economy plummets, the world will be looking for another substitute of the USD as the reserve currency for the global economy. Depending on how long the outbreak lasts in the mainstream world, the process of the USD's collapse will be either a slow or speedy one.

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
Americans participate in crypto quite a lot but the government does not like it. That is why many projects and exchanges often embargo Americans trading or investing in their projects.
Although the Corona virus epidemic is devastating the United States, I still believe that the USD is still at its peak. Everything will soon return to normal, Trump is a very good president of the economy, he will revive the whole economy.