The Future of Currency Dominance

This chapter examines the challenges facing the US dollar as alternatives emerge, particularly the limitations of the Chinese RMB due to its capital controls. It explores the potential for a multipolar currency system involving a mix of currencies like the euro, alongside the historical link between a nation's military power and its currency's dominance. The discussion also reflects on the US dollar's current position, its implications for the future, and whether recent economic shifts indicate a structural decline in its global status.

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