If the US dollar should eventually fade. What will happen to other currencies that a so under valued?
They can't just rise up under the blues because US dollar crashed.
In my own opinion, I don't think it's only the US dollar that will suffer when it crashes, other undervalued currency will be dragged too.
Meaning spending their currency will only be limited within their country.
Reserved currency will fail??🤔🤔🤔
What does it mean please?
The US dollar is now the de facto "global reserve currency." That means that all oil is traded in US dollars only. If a Japanese company wants to buy oil from Saudi Arabia, it has to pay in US dollars. That's part of the decades-old "petrodollar" arrangement between Saudi Arabia and the US.
When the US dollar loses its status as "reserve currency," then oil and much other trade will not be done in US dollars anymore. Then, the US dollar will not be as powerful, and will be seen as just another local currency. Countries will bypass the dollar, and conduct trade using their own currencies.
And regarding the other currencies, they too will collapse. As I stated in another comment, it's a race to the bottom. The US dollar will probably hit bottom first, but the euro, the yen, the yuan, and all other currencies will follow close behind.
Wow. Buying oil in other currencies. I'm waiting to see that happen.
Well since it's a race to the bottom and us dollar is giving a headstart. We'll see how the turn out of events will be.
In this situation wether it crashes or not there are still beneficiaries on both ends