At this point I am
not sure Dollar collapse is closer.
A dollar collapse needs to have three points -
Last 2 conditions are not met - at least not yet. Euro has its flaws and needs to iron those out before it can become a challenger. Yuan will not be a challenger. SDR is closest option we have but there are issues there too. I am not confident of the blockchain currencies that exist presently.
IF Dollar is really stressed we may go back to a gold-peg rather than other currencies. In fact, gold peg may be quite a good Fed policy for the short term.
If we correct the SDR structure then eventually even the US would love to have a 2-level currency system.
Previously I have discussed views on US Dollars here:
Dollar, the International Currency system and the Ghosts of Connally
A dollar collapse needs to have three points -
- The fundamental weakness in USD (we have this more or less)
- a World not reliant on US consumer demand
- A strong challenger
Last 2 conditions are not met - at least not yet. Euro has its flaws and needs to iron those out before it can become a challenger. Yuan will not be a challenger. SDR is closest option we have but there are issues there too. I am not confident of the blockchain currencies that exist presently.
IF Dollar is really stressed we may go back to a gold-peg rather than other currencies. In fact, gold peg may be quite a good Fed policy for the short term.
If we correct the SDR structure then eventually even the US would love to have a 2-level currency system.
Previously I have discussed views on US Dollars here:
Dollar, the International Currency system and the Ghosts of Connally
Buy my books "Subverting Capitalism & Democracy" and "Understanding Firms".
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