OK thanks for his summation. So he concludes that the dollar will lose reserve currency status. OK, that is not unimaginable. I think it is a hard sell, since I don’t know what is stable enough to replace it.
Yes, I hear of this “basket” of currencies, but as they fluctuate, you will have a constantly changing basket weighted differently all the time. Perhaps people think this will cause greater stability being the average of currencies, but I don’t see it. But then, I’m not all that smart.
Thanks for the summary.
Well...I hope he’s entirely wrong because if he’s right I’m the exact type of person that will get screwed from an event such as this.