zlacker

Good question. I don’t worry so much about any other single currency taking over as the reserve currency. Rather, I think individual pair-ups of trading partners will more frequently trade with each other in their own currencies. It is the dilution of the use of dollars that concerns me.

I share some of your lack of enthusiasm for crypto currencies. Rather, as individual countries trade between themselves it may often be advantageous for them to use their own currencies, especially if they don’t have to hold other countries’ currencies for long periods of time.

Non-US countries pay quite a penalty for holding lots of dollars. I expect every country to do what is in their own best interests, just as I hope my country makes good long term economic and geopolitical decisions.