๐Ÿ‘‰3 Reasons why The Dollar is Losing its Reserve Status !!

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The Atlantis Report
Published at : 17 Oct 2020
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3 Reasons why The Dollar is Losing its Reserve Status
petrodollar, reserve currency crash of the dollar dollar fall the death of the dollar, petroyuan Euro dollar collapse dollar crash
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As goes oil, so goes the dollar. A Dollar Crash is Coming.
The Dollar is gradually losing its World Reserve Status.



Today The world is having serious doubts about the once widely accepted presumption of American exceptionalism. The era of the US dollarโ€™s โ€œexorbitant privilegeโ€ as the worldโ€™s primary reserve currency is coming to an end.
China has been selling US bonds for a few years. Japan's purchase is not keeping up with supply from the treasury. The domestic economy can't buy all the new supplies because that causes the repo crisis last year. The Fed has to buy all the new deficit spending bond by using freshly printed Dollars. They are essentially fueling the stimulus with the Trust in The Dollar. This Trust is not infinite.
There may not be one single replacement as of yet.
The answer is a basket replacement, where the USA will still likely be first among equals, but not pre-eminent.
Just in the last three years, The Dollar has fallen from 63% of global reserve holdings to 58%, part of a 30-year trend.
At some point, a tipping point will be reached.
Since 2000 the US dollar has declined as a reserve currency.
The dollar will certainly be ceding primacy to a mixed basket.

While the US dollar will be the largest single currency in the basket, instead of having a hard to justify the premium for its market value, it will face the same buffeting and assessment that other currencies now live under.
Will most Americans know or care?
Not in any immediate, material way, but make no mistake about it, at the low and middle end of society, Americans will be noticeably less well off than they have been, both in comparison to their parents and to similar people in the rest of the developed world.

In the short term, there is a devaluation. A big one and probably the replacement with a basket of currencies weighted for the relative volumes of trade and administered by a recognized independent body...( that debars the World Bank and the IMF ).
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