Good read on the future of the dollar

[EggShells]

IMO this is one of the more insightful and succinct recent analyses of the Economist magazine (the last defender of the modern world system:)

http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and

[christycalhoun]

Many great empires inflated their currency towards the end of their reigns, They all end up crashing and the USD is no different.

[pattu1]

IMO this is one of the more insightful and succinct recent analyses of the Economist magazine (the last defender of the modern world system:)

http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and

Excellent article. People talk about the baton of reserve currency of the world being passed from dollar to the Euro / Yuan.
It will take a lot more time before people start considering Bitcoin as a serious contender.

[Lazada]

this time with a stronger dollar graphic increase of almost all currencies in the world, I think the dollar is invest in the short term 

[Snorek]

The higher the bubble the longer it takes to pop. Dollar was a hegemon of world currencies for over a century.
An it could be another 100 years when we see it fall. I highly doubt that some other currency will take the leading role in next 20-30 years in place of USD.

[deisik]

http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and

For decades, America’s economic might legitimised the dollar’s claims to reign supreme. But, as our special report this week explains, a faultline has opened between America’s economic clout and its financial muscle

It is not America’s economic might that validates the dollar’s claims as mentioned, and this piece somehow dodges to reveal the true reason behind the dollar supremacy. I mean the US military "muscle". As long as the US controls major naval routes, I think nothing can threaten the US dollar dominance. Russia doesn't seem to be particularly interested in changing the present state of affairs, China is just militarily weak so far (their fleet being locked in the South China Sea)...

[n2004al]

IMO this is one of the more insightful and succinct recent analyses of the Economist magazine (the last defender of the modern world system:)
http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and

From the article:

"For 70 years the dollar has been the superpower of the financial and monetary system. Despite talk of the yuan’s rise, the primacy of the greenback is unchallenged. As a means of payment, a store of value and a reserve asset, nothing can touch it."

"The dollar has no peers."

Despite the subsequent analysis and the dual conclusion at the end of article those above are the most significant words about the us dollar. It was, it is and it will be even for more time to come the king of currencies. Its power is supported by the strength, the agility and the potential to restructure in a fast way itself in moments of crisis, of its economy. To not forget here the almost total dominance in the military field of its country.  

[pereira4]

Many great empires inflated their currency towards the end of their reigns, They all end up crashing and the USD is no different.

Let's hope that's the case because im getting tired of waiting for a crash. As long as people keep accepting USD it seems that the snowball can get getting bigger and bigger indefinitely. I just hope people will jump on Bitcoin by then instead of whatever new coin the goverment comes up with.

[iqlimasyadiqa]

The dollar now dominate the world market, making dollar demand much more exposed than other currencies. time saving and speculate to be trading dollars.

[irfan01]

in fact without even looking at the graph that we already know that the dollar would be the best currency in the world 

[maku]

Dollar is strong despite what people may think. It does not matter that China is the leading economy of the world now.
USD will be official currency of the stock markets and oil traders for years. Central bank of US and FRB won't let it fall so easily.

[EggShells]

Thanks for all your replies.

Even though US political and military power and financial "engineering" help support the dollar, the US economy itself is still a major pillar.  A dollar is, ultimately, a claim on the future products and services of the US.  If the distortions created by the dollar's special status cause the US to decline too fast, it's not good for the dollar.

Military power also used to be more important than today.  The real reason Britain joined World War One (with the official reason still mysterious, as for the 2003 Iraq invasion) was probably to land an economic knockout blow to Germany, so that global reserve currency status went not to Germany but to the US, which was much more willing to help Britain ease into its own decline.  In the modern age, China will probably not share Germany's fate, since all you need is a nuclear deterrent, which China has.

All things considered, China would probably be a worse custodian of global money than the US, but China's presence as a more or less intact big economy will be a constant source of competition for monetary power over the long term.

In a more multipolar world (as during 18th-century global competition between Britain and France,) neutral currencies like gold, silver and Bitcoin tend to benefit from the competitive environment, as no state-issued currency will want to expose itself to its opponents by being too highly leveraged.

I understand that, right now, the dollar looks very strong.  Both the article and the above deal with longer term issues.  In the short term, only the elites can win, anyway.

[eyeknock]

Dollar is strong despite what people may think. It does not matter that China is the leading economy of the world now.
USD will be official currency of the stock markets and oil traders for years. Central bank of US and FRB won't let it fall so easily.

well is true that US have lot of power influence on the world but beleive me, things are changing faster, more than expected, people seems to didnt notice it yet, but im pretty sure than in 5-10 years it will change a lot.

some people still waiting for a crash, but i start to think that a big change it is preparing right now and it will be faster and silent.

[Pab]

 Yes dollar is dangerous for the world,currency backed by trilions dollars debt,euro is not alternative for dollar,never will be,but Chinise are working to have two reserve currencys,yuan and dollar

[chennan]

Dollar is strong despite what people may think. It does not matter that China is the leading economy of the world now.
USD will be official currency of the stock markets and oil traders for years. Central bank of US and FRB won't let it fall so easily.

I agree that the private banks will do everything in their power to keep the dollar from crashing, including wars and the like... But the truth of the matter is, is that this currency, along with any fiat for that matter, can not last long with trillions of dollars in debt... It's simply not feasible. As for me, I'm looking into the best countries to move too in the next 5 years so I can get as far away as possible from this inevitable disaster.

[pattu1]

Dollar is strong despite what people may think. It does not matter that China is the leading economy of the world now.
USD will be official currency of the stock markets and oil traders for years. Central bank of US and FRB won't let it fall so easily.

I agree that the private banks will do everything in their power to keep the dollar from crashing, including wars and the like... But the truth of the matter is, is that this currency, along with any fiat for that matter, can not last long with trillions of dollars in debt... It's simply not feasible. As for me, I'm looking into the best countries to move too in the next 5 years so I can get as far away as possible from this inevitable disaster.

You don't have to move.
Just move your assets. 

[chennan]

You don't have to move.
Just move your assets. 

Meh.. I don't really see a positive future for the U.S. In general so I think moving in the near future would be beneficial to me.

[Nocturne]

IMO this is one of the more insightful and succinct recent analyses of the Economist magazine (the last defender of the modern world system:)

http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and

Dollar's future is something is really interesting, dollar's value may rise and fall and it affects the economy so much and as well as the people.

[Nasus]

IMO this is one of the more insightful and succinct recent analyses of the Economist magazine (the last defender of the modern world system:)

http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and

Dollar's value been rising up recently and it helps a lot of people I mean it benefit some people as well.

[Quinn]

IMO this is one of the more insightful and succinct recent analyses of the Economist magazine (the last defender of the modern world system:)

http://www.economist.com/news/leaders/21669875-americas-economic-supremacy-fades-primacy-dollar-looks-unsustainable-dominant-and

It is still going to be decades that the dollar will be the world's reserve currency.  This is the consensus among currency experts.