Archives De-dollarisation - Page 2 of 2 - New Eastern Outlook

In recent years observers in many different countries have been warning ever more insistently about the inevitable collapse of the dollar - which Washington has inflated far above its true value.  The US has experienced nine recessions since the beginning of the 1970s, and the dollar has fallen twice in real terms, from 1972-1974, and from 1994-1995. The main international...

The US dollar, as the international reserve currency, has long served as an essential medium of exchange between countries with different national currencies. To fulfil this role, a reserve currency needs to be stable, safe and easily accessible to all countries. In the 20th Century, the dollar’s international status caused it to grow in value, enabling the US to bear huge levels...

What if tomorrow nobody but the Unites States would use the US-dollar? Every country, or society would use their own currency for internal and international trade, their own economy-based, non-fiat currency. It could be traditional currencies or new government controlled crypto-currencies, but a country’s own sovereign money. No longer the US-dollar...