This is a profoundly myopic analysis, and I’m surprised it holds any sway on a forum which prizes itself on “disruption” thinking. This is the equivalent of pre

This is a profoundly myopic analysis, and I’m surprised it holds any sway on a forum which prizes itself on “disruption” thinking. This is the equivalent of predicting Facebook will never overtake MySpace in 2006. The immediate trend is towards trade denominated in various national currencies, but the ultimate trend is towards bootstrapping a new commodity-backed reserve currency via an international organization such as BRICS. Arguing that USD won’t be displaced because it’s entrenched in various systems and used a lot completely misses the point that the underlying factors which created that state of affairs in the first place have collapsed.