Valuetainment: Will the US dollar collapse as a reserve currency?

 

[VIDEO] Who might replace the US dollar＄as the world's reserve currency? What might cause the collapse of the US dollar as a world reserve currency? Actually what is a reserve currency?

A reserve currency refers to a strong currency, often a foreign currency used for international trade and to settle international debts and obligations.

Since either 1920 or 1947 the US dollar has been the world's reserve currency. In about 1920 it replaced the British pound￡. Beyond that the history of other world reserve currency and how they ultimately collapsed which usually includes high taxes in those nations, over-extending, economic collapse, global conflict, etc.

And the interesting story near the end of this video. China could be the next world's reserve currency. During the pandemic, the world relied a lot on China. Especially for manufacturing, we had to get our chips from China.

Regardless of who's next being a major financial power in the world is often cyclical. The other world powers had been Portugal, Spain, the Netherlands, France, Great Britain, and of course the United States. They all had their day as powerful nations and they all in some way declined.

If you follow right wing news - such as Tucker Carlson - they will note that America is in a great decline. Someone else will step forward to be a major force in world affairs.