[dude01]

I agreed with everything you wrote, until near the end where you said "but also in the US". Forget about politics, but economically the US dollar is still the strongest and most stable currency in the world. It has competitors (which is good!) but I have seen no signs of problems in the US dollar. Inflation has been low in the US for long, probably way too long.

[panarky]

> until near the end where you said "but also in the US"

I'm not talking about inflation, I'm talking about political stability.

As we see in Venezuela, runaway inflation and economic collapse is the result of political instability and a collective loss of trust in leadership, not the cause.

US influence and power has been in decline since before 9/11, and the Iraq war showed that the US is on the wrong side of the inflection point.

This chart [0] demonstrates that the G-Zero [1] trend is accelerating.

[0] Global Leadership https://pbs.twimg.com/media/DT1e0feVoAA8Qd0.jpg:large

[1] G-Zero World https://www.foreignaffairs.com/articles/2011-01-31/g-zero-wo...

[dude01]

Thanks for the detailed response. I'm hoping that the downward trend in the Global Leadership Approval chart that started in 2016 will reverse itself after the US political situation changes this year (fingers crossed!). If not, well then yes I guess the US dollar would be going down.

Of course, all good things come to an end eventually, and the US dollar hegemony really started after WW2. Crazy to think that a Soviet spy/asset (Harry Dexter White) helped setup the Bretton Woods accord which positioned the US dollar as the strongest in the world [0].

[0] "How a Soviet spy outmaneuvered John Maynard Keynes to ensure U.S. financial dominance" https://www.washingtonpost.com/news/wonk/wp/2013/03/14/how-a...