We all know the reserve dollar has enabled the USA to be a world power for ages,
But if what I read is true, approx. 62% of world settlements are in USD. It seems the USD is losing ground, and this makes sanctions that much harder to use as a weapon.
I wonder at what % of world settlements and when does the USD lose the reserve status.
My next question is what happens, to us folks, when the USD has a loss of confidence. Some seem to think that will never happen, but if current trends continue then mathematically it has to happen some time.
Just some weird stuff I think about.
Will my land be worth twice it's current value in inflated dollars or 1/2 in devalued dollars??
Maybe I won't be around to find out.