How Global Currencies End
Whether the dollar retains its global role will depend not simply on the United States' relations with Russia, China, or the BRICS countries. Rather, it will hinge on whether the US brings its soaring debts under control, avoids another unproductive debt-ceiling showdown, and gets its economic and political act together more generally.
KAUAI – Is the dollar poised to lose its dominance of global economic and financial transactions? Many commentators apparently think so.