Why the Dollar's Reign Is Near an End

For decades the US dollar has served as the World Reserve Currency, but soon the dollar's reign will come to an end, and with it, our reign as the World Financial Superpower.

Typically, when a South Korean wine wholesaler wants to import Chilean cabernet, the Korean importer buys U.S. dollars, not pesos, with which to pay the Chilean exporter.  Fully 85% of foreign-exchange transactions world-wide are trades of other currencies for dollars.  The greenback, in other words, is not just America's currency. It's the world's.  

This status as the world reserve currency is one of the major factors in America's economic success and for our status as a world financial superpower.

All that is quickly coming to an end.



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