The US Dollar Is Losing Its Hegemony in the World Economy

The US dollar is beginning to lose its strength in the world or its dominant strength I'm not saying it's disappeared clearly it hasn't. As we get to the end of this decade less than half of all international reserves held by governments that is to maintain their current account will be in dollars. The declining value of American treasury securities of various maturities is going to impact the resilience of the banking system and we are going to see more bank failures, he says.