In Search of the Next Reserve Currency [View article]
As of these years, the US$ will still be the currency to hold onto in case of crisis. USA owes other countries too much money and nobody would like to see it fail before they can can back those money with good return. Superficially, it looks like USA is taking advantage of this and enjoy easy credit but it won't last long and eventually USA will have to pay for it. In what form it is difficult to say as most credit nations still haven't figure out a good way out as is evidenced by the current crisis situation. The self destruction of the US economy by its leaders may be a possible outcome with more and more leading industries subsided, the path is already laid. So wait and see.
In Search of the Next Reserve Currency [View article]