by James Corbett, The International Forecaster:
We’ve all seen some version of the following chart:
It purports to show the changeover in world reserve currencies from one era to the next, and tracks the rise (and fall) of the various colonial empires of the last several hundred years, from the Portuguese to the Spanish to the Dutch to the French to the British to good ol’ Uncle Sam. The implication is obvious: No empire lasts forever, and sooner or later that empire will fall, and with it the world reserve status of its currency.