USA dollar weakining coz of war
What war do you mean?
From the title of your topic, I think what you mean is the replacement of the dollar as an international currency. I assume that the global community no longer wants the dollar as an international currency.
In my opinion, this is not caused by physical war or trade war, but because more and more countries in the world realize that printing dollars without backing up gold is a fatal mistake. The purpose of dedolarization is also so that America cannot export its country's crisis to other countries.
China succeeded in forming a global opinion about the dollar, it seems that China's foreign policy and propaganda of China Yuanization were responded to by many other countries because there began to emerge a movement of dedolarization in many Islamic countries and discourse to create a new gold-based currency.
So what is Next currency to use?
Its a euro?
http://data.imf.org/?sk=E6A5F467-C14B-4AA8-9F6D-5A09EC4E62A4It's hard to shift the dollar because the portion of the dollar in the world's foreign exchange reserves is the largest. Nearly 60% of the world's foreign exchange reserves are in dollars. From the IMF data above, what might shift is the Euro if the Dollar fails, because it accounts for 28% of the total global foreign exchange reserves.
but I personally think that if the dollar fails to maintain its supremacy, I don't think there will be a chance for another fiat to become a global currency. Because the fall of the US dollar will also affect the European Union countries and all countries in the world because now America is the center of gravity. Besides the destruction of the dollar as evidence of its corruption and the failure of the fiat system. Then the world will look for alternatives to fiat money
The most likely successor is money with intrinsic and universal value and is based on gold. Bitcoin will also be an alternative, but the problem of decentralization will be a reluctance to adopt it.
And what is the safe asset?
I Think its not Gold and its not Property either
Why do you think that gold is not a safe asset choice?
Many countries in the world are now consistent to increase their gold reserves by importing. Reserves are very important in a country's safe which can provide protection against domestic and external shocks and the realization of foreign capabilities and trust in a country.
