‘ Reserve Status Is Not A Right

The United States enjoys one of the most exorbitant privileges that any nation can ever experience via the dollars role as the global reserve currency. With the U.S. dollar serving as the backbone for financial transactions and global markets for almost 70 years it is almost inconceivable to think of a world where this is not the reality. Difficult, but a mindset that ignores historic precedent; multiple nations and empires have held the global reserve currency in the past, and the U.S. is simply one in a long line whose currency has held this position. ’