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farragut

Joined: 02/26/2002 Posts: 91
Likes: 83


Apologies


I was referring to conspiracy theories in general, not specifically to the USD. I could have been more clear in my text.

But in response to your question, the USD comprised approx 80% of foreign reserves in the 1970s, down to ~70% in 2000, and currently sits around 60% as of 2019.

In addition, since 1450-ish, at various times, a handful of EU countries held the top spot as the primary currency, from Portugal, Spain, the Netherlands, France, to the UK. It's seems inevitable we'll face a similar fate when something else comes along to dethrone the USD. We certainly meet the criteria: overly indebted, waning influence around the world, circus-like politics (on both sides), etc.

(In response to this post by Faz d. Hoo)

Posted: 10/29/2020 at 1:17PM



+2

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Current Thread:
 
  
Big changes ahead for the US Dollar? -- farragut 10/29/2020 12:18PM
  Here comes the Yuan. ;) ** -- AcousticHoo 10/29/2020 11:06PM
  A penny is worth more than a penny...... ** -- Zhoo 10/29/2020 10:26PM
  So all my $3 bills are no good? ** -- Hoodaddy22 10/29/2020 5:54PM
  Question: Why do they call them emerging markets? -- eric cartman 10/29/2020 4:23PM
  Emerging markets -- farragut 10/29/2020 4:50PM
  I think he means this .... -- 1994Wahoo 10/29/2020 1:25PM
  OK, I going to have to watch that ** -- GoochlandHoo 10/29/2020 2:27PM
  Apologies -- farragut 10/29/2020 1:17PM
  Should have adopted the $2 dollar bill decades ago. -- HOOGATORB 10/29/2020 12:33PM
  What's a realistic replacement? ** -- carolinawahoo 10/29/2020 12:26PM
  Im long in hookers and blow ** -- U235 10/29/2020 4:19PM
  The Big Mac ** -- GoochlandHoo 10/29/2020 2:03PM
  Not so much a replacement, but -- farragut 10/29/2020 12:48PM

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