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Comment by shirro

7 days ago

> The golden prize for America's enemies is to remove the US dollar as a global reserve currency.

I think it is misleading to speak in terms of enemies even if that plays to the fears of US isolationists. It is good rhetoric but I think it obscures the truth, There was a time when the stability and strength of the US made the dollar a good choice for friends and enemies alike. The world is changing and the current US administration is accelerating some of those changes. China is going to play an increasing role as the US turns inward but I doubt they will ever replace the US dollar as a reserve currency. The Euro is the second most held currency after the dollar and there are probably a few others ahead of China.