4 ms·
That article is full of baseless opinion masquerading as fact. 'Eurocrats are secretly pleased with the Euro strength'? Which 'Eurocrat'? What did they say?
by brc 17y ago
That article is full of baseless opinion masquerading as fact. 'Eurocrats are secretly pleased with the Euro strength'? Which 'Eurocrat'? What did they say?
The fact is nobody knows what is going to happen but people shouldn't blindly assume the USD is going to stay the global reserve currency.
No currency has ever lasted the test of time, and paper-based currencies are lucky if they make a couple of hundred years.
All this started nearly 40 years ago when Nixon dropped the gold standard. People predicted it back then, but they couldn't be sure of the timeline. The same stays true today ; it's going to happen (failure of USD as a global currency) but nobody knows when.