The Strength of the Dollar and the Search for Viable Alternatives

In this chapter, they discuss the current strength of the dollar and its potential impact. They highlight the concept of de-dollarization and the recent rally of the dollar against the euro. Despite the problems with the dollar, they argue that there is no viable alternative at the moment, including cryptocurrencies like Bitcoin, and attribute the dollar's strength to the uncertainty in the global situation. They conclude that the dollar will remain the reserve currency by default.