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Strategies & Market Trends : The Art of Investing
PICK 49.91+1.0%Dec 19 4:00 PM EST
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To: Sun Tzu who wrote (6882)3/30/2023 10:22:49 AM
From: Sun Tzu5 Recommendations  Read Replies (2) of 10705
 
Just to be clear about that USD tick tock clock - the USD is at no risk of losing its reserve status in the near term. There is simply too much of it around to make a dent. But come 2030s, the cracks will open much wider.

The real challenge is not to the USD itself. It is the to the US government control of USD based transactions. A lot of people (and nations) are actively working to undermine that. And blockchains provide a way of doing so. If you are OPEC, selling huge amount of oil to China while importing as much goods, why would you really need the USD as an intermediary? The same goes for many other situations.

It also doesn't help that the US has fully weaponized the dollar. Even the EU is miffed about that and wants a change.

Here's Bob with excellent stats on the dollar:

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