National fiat currencies are similar to shares of a company.
They represent a government's issuance of value. By using them, you're not only trusting their monetary policy but their overall political agenda.
The dollar's dominance isn't solely due to force & blood shed, but also because the U.S. has been the most politically stable country in the last 100 years, which conveys certainty to the rest of the world.
However, two phenomena are causing the USD to lose its global dominance:
-Inflation, which is the unlimited and arbitrary monetary issuance by the central bank (in this case the Federal Reserve).
-Various crises within American society, including that of its values, which communicates that the State and society are failing in resolving their problems.
We're talking about the decline of an empire and a society across multiple dimensions: material, economic, spiritual, and political.
The diminishing value of their currency is one of the symptoms and a compass pointing toward the direction the U.S. is heading.
Would you invest in U.S. shares if it were a company?
I wouldn't.
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