Could not agree more. If the USD does lose its primacy (and we're doing our best to see if that can be achieved), we will not find ourselves in today's world with the euro or renminbi having replaced the dollar -- we will find ourselves in a very different world, with a choice of different unsafe havens.
Could not agree more. If the USD does lose its primacy (and we're doing our best to see if that can be achieved), we will not find ourselves in today's world with the euro or renminbi having replaced the dollar -- we will find ourselves in a very different world, with a choice of different unsafe havens.
It will not be a very comfortable world!