Saturday, December 14, 2024

Tag: The demise of the dollar: What comes after that?

The demise of the dollar: What comes after that?

by Claudio Grass, Claudio Grass:

Part II of II

A good start

Whatever one might think about which currency is better suited to be used in trade or as a benchmark or as a central bank reserve, the fact remains that the USD’s days as the “only right answer” to that question are numbered. It might not happen tomorrow, but a credible challenger will eventually emerge.

The demise of the dollar: What comes after that?

by Claudio Grass, Claudio Grass:

Endless ink has been spilled by economists and financial analysts in their efforts to predict the impact of de-dollarization. As might be expected, most of those who embrace a US-centric view of the world and who defend the status quo paint a gloomy picture. They warn of the nightmarish consequences of a Russia- and China-dominated world order, of the threats to freedom and to human rights that this could pose and of a potential breakdown in global trade, due to lack of trust and transparency.