Stimulating article! The handwriting is on the wall for the world to move to a “single hegemonic currency”, most likely digital. What will be the basis for determining relative value? The US percent of world GDP is approximately 20%. It has a huge treasure of natural resources. Why are gold reserves often talked about as a basis of national value? How much will the dollar depreciate when it’s reserve currency status is lost?
Reserve Currencies Erode as Empires Decline
Stimulating article! The handwriting is on the wall for the world to move to a “single hegemonic currency”, most likely digital. What will be the basis for determining relative value? The US percent of world GDP is approximately 20%. It has a huge treasure of natural resources. Why are gold reserves often talked about as a basis of national value? How much will the dollar depreciate when it’s reserve currency status is lost?