Dollar is strong despite what people may think. It does not matter that China is the leading economy of the world now.
USD will be official currency of the stock markets and oil traders for years. Central bank of US and FRB won't let it fall so easily.
Topic: Good read on the future of the dollar - page 2. (Read 1737 times)
in fact without even looking at the graph that we already know that the dollar would be the best currency in the world 
The dollar now dominate the world market, making dollar demand much more exposed than other currencies. time saving and speculate to be trading dollars.
Many great empires inflated their currency towards the end of their reigns, They all end up crashing and the USD is no different.
Let's hope that's the case because im getting tired of waiting for a crash. As long as people keep accepting USD it seems that the snowball can get getting bigger and bigger indefinitely. I just hope people will jump on Bitcoin by then instead of whatever new coin the goverment comes up with.
IMO this is one of the more insightful and succinct recent analyses of the Economist magazine (the last defender of the modern world system:)
http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and
http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and
From the article:
"For 70 years the dollar has been the superpower of the financial and monetary system. Despite talk of the yuan’s rise, the primacy of the greenback is unchallenged. As a means of payment, a store of value and a reserve asset, nothing can touch it."
"The dollar has no peers."
Despite the subsequent analysis and the dual conclusion at the end of article those above are the most significant words about the us dollar. It was, it is and it will be even for more time to come the king of currencies. Its power is supported by the strength, the agility and the potential to restructure in a fast way itself in moments of crisis, of its economy. To not forget here the almost total dominance in the military field of its country.
Quote
For decades, America’s economic might legitimised the dollar’s claims to reign supreme. But, as our special report this week explains, a faultline has opened between America’s economic clout and its financial muscle
It is not America’s economic might that validates the dollar’s claims as mentioned, and this piece somehow dodges to reveal the true reason behind the dollar supremacy. I mean the US military "muscle". As long as the US controls major naval routes, I think nothing can threaten the US dollar dominance. Russia doesn't seem to be particularly interested in changing the present state of affairs, China is just militarily weak so far (their fleet being locked in the South China Sea)...
The higher the bubble the longer it takes to pop. Dollar was a hegemon of world currencies for over a century.
An it could be another 100 years when we see it fall. I highly doubt that some other currency will take the leading role in next 20-30 years in place of USD.
An it could be another 100 years when we see it fall. I highly doubt that some other currency will take the leading role in next 20-30 years in place of USD.
this time with a stronger dollar graphic increase of almost all currencies in the world, I think the dollar is invest in the short term
IMO this is one of the more insightful and succinct recent analyses of the Economist magazine (the last defender of the modern world system:)
http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and
http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and
Excellent article. People talk about the baton of reserve currency of the world being passed from dollar to the Euro / Yuan.
It will take a lot more time before people start considering Bitcoin as a serious contender.
Many great empires inflated their currency towards the end of their reigns, They all end up crashing and the USD is no different.
IMO this is one of the more insightful and succinct recent analyses of the Economist magazine (the last defender of the modern world system:)
http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and
http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and
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