Is The U.S. Dollar Still King? -- A Commentary

Drooping Dollar (III): Reserving Judgment -- Shadow Government/Foreign Policy

The U.S. dollar enjoys a privileged position in the world. The federal government can print up the little slips of green paper and exchange them for barrels of oil or digital cameras. That trick is not unique to the United States; almost all countries print money and spend it at home. The difference is that the dollar can be so easily spent abroad and that foreigners are so willing to hold on to large quantities of those little slips of papers, instead of trading them back in for American-made goods. This raises the question: Is the dollar likely to be replaced as the world's reserve currency?

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My Comment: The bottom line .... as bad as the U.S. currency has performed in the past few years, everyone else has performed worse and/or are too small to be of any significance.