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US Dollar Endgame: Hyperinflation Is Coming with Peruvian Bull (WiM492)
The "What is Money?" Show
Establishing a Global Reserve Currency
The next global reserve currency must be supported by a nation state with significant structural advantages over the existing one. These advantages typically include a rising population, strong military force, and a growing economy. The transition between global reserve currencies in history has shown that the successor usually offers reasons to buy and use its currency over the previous one. For instance, the shift from the Dutch Gilder to the British pound was driven by Britain's superior military prowess and seafaring capabilities. In the present scenario, there is no clear contender for the next global reserve currency. China and Russia lack the necessary characteristics, such as being net exporters of their currency and having a diversified economy, to assume this role.
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