The inevitable decline of the US dollar as global reserve currency

New article up at the GPM: US dollar: Condition terminal

That the US dollar will eventually be replaced as global reserve currency shouldn’t come as a surprise. As power becomes more equally distributed in international politics, America’s competitors will be less inclined into being forced to finance American debt whenever Washington politicians put on their deficit boots (and prob a cowboy hat). That being said, it’s a process that will play out over the course of several decades.

Posted: October 9th, 2009 under commentary, foreign policy analysis.