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This is the normal course of events for a country that controls the reserve currency. What you're witnessing is the tail end of the American cycle, where inequa
by kstenerud 5y ago
This is the normal course of events for a country that controls the reserve currency. What you're witnessing is the tail end of the American cycle, where inequality grows until the country destabilizes internally, and another up-and-comer takes the throne. It's happened again and again, with the British, the Dutch, the Portuguese, etc etc.
https://seekingalpha.com/article/2447275-world-reserve-currencies-what-happened-during-previous-periods-of-transition https://seekingalpha.com/article/2447275-world-reserve-curre...